 | Ohio Promissory Note Templates |
The Ohio promissory note templates allow a lender and borrower to enter into a written loan agreement. The templates provide a quick and easy way to fill out the required information of a promissory note (such as the principal sum, interest rate, due date, payment/installment amount, etc.). The templates can be used to draft a secured or unsecured note. The main difference between the two types of notes is that secured notes require that the borrower pledge assets as security (aka collateral).
Usury Rate – Per §1343.01, the maximum legal interest rate in the State of Ohio is eight percent (8%).
Ohio Secured Promissory Note Template
Use the instructions posted on this page to learn how to create an Ohio Secured Promissory Note Template. The template is available in two different formats: .PDF and MS Word. Secured promissory notes are a type of written agreement, entered into by a lender and borrower, that serve to establish the various terms of a […]
Ohio Unsecured Promissory Note Template
The Ohio Unsecured Promissory Note Template provides a written record of an agreement between two parties (a lender/borrower) regarding a loan. The template can only be used to draft an unsecured promissory note (i.e. a note that does not require collateral from the borrower). Unsecured notes typically feature higher interest rates, due to the fact that […]
