 | Washington Promissory Note Templates |
The Washington promissory note templates are legal forms, entered into by two parties (lender/borrower), that serve to outline the specific terms of a loan (such as the principal sum, interest rate per annum, payment schedule, etc.). The templates can be used to draft secured or unsecured notes. The main difference between the two types of notes is that secured notes must have the backing of collateral (pledged from the borrower). Use the download links on this page to start using the document in .PDF or Word format. If you need help drafting your note, click the other links on this page for additional information regarding how to properly complete a template.
Usury Rate – Under RCW 19.52.020(1), the highest interest rate is legal in the State of Washington is twelve percent (12%).
Washington Secured Promissory Note Template
The Washington Secured Promissory Note Template is a pre-written form that only needs to be filled in with the terms of a loan in order to be completed. Use the how-to guide posted below when drafting the secured note to make sure that it contains all of the required details. Note: Secured promissory notes require that […]
Washington Unsecured Promissory Note Template
The Washington Unsecured Promissory Note Template can be downloaded in .PDF or Word format. The template should only be used to create an unsecured note, not a secured one. The reason for this is that unsecured notes do not need the backing of collateral (whereas secured notes do have the need). The template can be filled […]
