 | Louisiana Promissory Note Templates |
The Louisiana promissory note templates are available in Word and .PDF formats. The .PDF template can be completed electronically. Promissory notes are essentially a type of written agreement that outlines the various facets of a loan between two parties (borrower and lender). There are two types of notes: secured and unsecured. Secured notes differ from unsecured notes in that the borrower is required to pledge assets as collateral. If a borrower defaults on a secured loan/note, the lender may take possession of the pledged assets.
Usury Rate – Under Louisiana Revised Statutes 9:3500 the maximum legal rate of interest that can be charged is twelve percent (12%) per annum.
Louisiana Secured Promissory Note Template
.PDF and Word files of the Louisiana Secured Promissory Note Template are available for download using the links near the top of this page. A secured promissory note is a legal written agreement that provides an outline of a loan’s terms. The note is “secured” because it is backed by a borrower’s pledged collateral. In […]
Louisiana Unsecured Promissory Note Template
The Louisiana Unsecured Promissory Note Template is a legal form that is entered into by two parties – a lender and borrower. The document serves to establish the specific terms of a loan (e.g. principal sum, interest rate, etc.). With an unsecured note, the borrower does not pledge assets as collateral (hence being “unsecured”). The template […]
