![]() | Maine Promissory Note Templates |
The links on this page are provided for you to download the Maine promissory note templates. Promissory notes are legal written agreements that are used to structure/detail the terms of a loan (e.g. interest rate, principal amount, repayment method, etc.). The templates are designed to be used when drafting a secured (or unsecured) promissory note. Secured notes have the backing of a borrower’s collateral, whereas unsecured notes do not. Use the links provided on this page to learn how to draft a secured or unsecured note.
Usury Rate – Under Maine Revised Statutes Title 9-A, the maximum rate of interest in the State of Maine is 6%. However there are exceptions to this law (such as if the parties agree to another rate). Click the link for more information regarding exceptions.
Maine Secured Promissory Note Template
![Maine Secured Promissory Note Template Maine Secured Promissory Note Template](http://promissorynotes.org/wp-content/uploads/2016/11/maine-secured-promissory-note-form-150x150.jpg)
The Maine Secured Promissory Note Template is an interest-bearing agreement that is legally enforceable. Secured promissory notes are a type of agreement that lenders use to establish the terms of a loan. The borrower must sign the document before they can receive the monetary loan from the lender. The borrower must also pledge collateral as well. […]
Maine Unsecured Promissory Note Template
![Maine Unsecured Promissory Note Template Maine Unsecured Promissory Note Template](http://promissorynotes.org/wp-content/uploads/2016/11/maine-unsecured-promissory-note-form-150x150.jpg)
The Maine Unsecured Promissory Note Template is an agreement that lenders use to detail the various terms of a loan such as the principal sum, interest rate, installment/payment information, etc. Unsecured notes differ from secured notes in that they are not backed by the collateral of the borrower. Unsecured notes or loans are usually reserved for […]