US Territories Promissory Note
Change Version: USA | Change Version: Canada

PDF Promissory Note Form

A Promissory Note, or loan agreement, is used to record that one party promises to pay a sum of money to another party at a later date. This obligation usually results from a loan to the promising party. Creating a Promissory Note or loan agreement is often recommended for tax and record-keeping reasons. This form is also known as: loan agreement, secured loan agreement, demand note.

More about Promissory Note legal forms.

  • Proceed through this form, providing as much information as possible.
  • Do not use the '&' (ampersand) and '"' (double-quotation mark) characters.
  • When you are done, click on 'Build Document' at the bottom.

Governing Jurisdiction:

This note will be governed by the laws of which nation?

Borrower Details:

How many Borrowers are there?

Borrower's Contact Information:

First Borrower's Contact Information:

Full Name:

Address:

City:

Nation:

Select a province or territory:

Select a state:

Is this Borrower a corporation?
 Yes No

Second Borrower's Contact Information:

Full Name:

Address:

City:

Nation:

Select a province or territory:

Select a state:

Is this Borrower a corporation?
 Yes No

Lender's Contact Information:

Full Name:

Address:

City:

Nation:

Select a province or territory:

Select a state:

Principal Sum:

How much is being borrowed (e.g. 20,000.00)?

Select the currency:

Will this loan be subject to interest?
 Yes No

Enter the interest rate, in percentage (e.g. 10.0):

The interest will be compounded:

Schedule of Payments:

Will some payment be due when the Lender demands?
 Yes No

Payment must be received within how many days of demand?

Will payment be in a lump sum?
 Yes No

How often will installments be paid?

Which day of the week will payment be due?

Which day of the month will payment be due (e.g. first)?

Due Date:

Day (e.g. 14):

Month (e.g. July):

Year (e.g. 2006):

How often will installments be paid?

Which day of the week will payment be due?

Which day of the month will payment be due (e.g. first)?

How many installments will there be?

When will payment of installments begin?

When will payment of installments begin?

Day (e.g. 30):

Month (e.g. September):

Year (e.g. 2007):

Day (e.g. 14):

Month (e.g. December):

Year (e.g. 2006):

Nature of Installments:

Payments will consist of:

Payments will consist of:

How much will each installment be (e.g. 50.00)?

Select a currency:

How much will each installment be (e.g. 60.00)?

Select a currency:

Pre-payment:

Are the Borrower(s) allowed to pay off the loan early?
 Yes No

Security:

Security:
You may wish to add a security to the loan. The lender can take the security if the borrower fails to repay the loan.
Will this loan have a security/collateral?
 Yes No

Select the type of security:

Make (e.g. Boeing):

Model (e.g. 747):

Style (e.g. Helicopter):

Year:

Serial Number:

Registration Number:

Please enter a detailed description of the equipment:


Serial Number:

Make (e.g. Toyota):

Model (e.g. Camry):

Style (e.g. Four-door sedan):

Year:

Vehicle Identification Number (VIN):

You can usually find the VIN on the base of the windshield, or on the vehicle's title.

Make (e.g Seadoo):

Model (e.g. GTX):

Style:

Length:

Year:

Hull Identification Number (HIN):

The HIN is usually on the right side of the water craft's transom (back).

Please enter a detailed description of the security:


Is the Lender selling the security to the Borrower(s)?
 Yes No

Prior to full repayment of the loan, title to the security will be:

Default by Borrower(s):

Will Borrower(s) be charged interest if payment is late?
 Yes No

Enter interest rate, in percentage per year (e.g. 7.5):

Additional Clauses:

Do you wish to add any additional clauses?
 Yes No

How many additional clauses do you wish to add?

First extra clause:


Second extra clause:


Third extra clause:


Fourth extra clause:


Fifth extra clause:


Signatures Required:

Signatures Required:
We highly recommend that your Promissory Note be signed in front of a Notary Public and one or more witnesses.
Will a notary public be present?
 Yes No

How many witnesses will be present?

Date of Signing, if known:

Do you know when you will be signing this agreement?
 Yes No

Month:

Day of month (e.g. 5):

Year (e.g. 2006):

Location of Signing:

In which nation will the note be signed?

Select a province or territory:

State: