» » Louisiana Promissory Note Templates

Louisiana Promissory Note Templates

Create a high quality document online now!

The Louisiana promissory note templates are documents designed specifically for the state of Louisiana, and helps to ensure a lender gets reimbursed a loaned amount of money from a borrower in a predetermined set of time. Both parties will need to agree on various aspects of the note before it can go into effect, such as payment types, interest rates, and late fees.

Types

Secured Promissory Note – Includes security, which is an item or items that are given to the lender in the case of a default on the note. Items typically used as security include homes, vehicles, or boats.

Unsecured Promissory Note – Does not include security, which puts the lender at a far greater financial risk. To help combat this, the lender should personally know the borrower and ensure he or she has worthy credit.

Usury Rate

The amount of the conventional interest in Louisiana cannot exceed twelve percent (12%) per annum.

How to Write

Step 1 – Download the Louisiana note – Enter:

  • The document’s start date – in dd/m/yy format
  • Intended Borrower’s name
  • Mailing address
  • AND
  • Intended Lender’s name
  • Mailing address
  • AND
  • Provide the principal sum of the note
  • Submit the amount of the unpaid percentage rate per annum (annually)

Step 2 – Payments

  • Submit the full balance of the note due upon the due date. Include accrued interest and late fees

Installments –

Payment method (check the appropriate box) – Submit:

  • The total amount to be paid in full upon a stated due date
  • Submit the total amount of the principal of the note
  • Indicate payment frequency by checking the applicable box
  • Submit the required late fee amount

Step 3 –  Security-

  • If it’s agreed that this would be an unsecured note, check the “unsecured” box
  • If agreement is that the note be“secured,” enter information regarding the secured property

Step 4 – Titled Sections and Subsections –

  • Interest due in the Event of Default
  • Allocation of Payments
  • Prepayment
  • Acceleration (and 6A.)
  • Attorney’s Fees and Costs
  • Waiver of Presentments
  • Non-Waiver
  • Severability
  • Integration
  • Conflicting Terms
  • Notice
  • Co-Signer – Sumbit the co-signer’s name
  • Execution
  • Governing Law – (Under related Louisiana state laws)

Step 5 – Signatures – Signatures must be applied before a witness – provide the required as follows:

  • Lender’s signature
  • Date of signature –  mm/dd/yyyy format
  • Printed name (lender)
  • AND
  • Borrower’s signature
  • Date of the signature – in mm/dd/yyyy format
  • Printed name – borrower
  • AND
  • Co-signer’s signature (if required)
  • Date of signature – dd/mm/yyyy
  • Printed name – Co-signer
  • AND
  • Witness’ signature
  • Date of signature – in mm/dd/yyyy format
  • Printed name – (witness)


Related pages


form 4031florida condo lease agreementny durable power of attorneyquit claim deed californiapromissory note california templatewisconsin lease agreement60 day notice to landlord template3 day notice to vacate floridanew hampshire tenant lawsforming an llc in ncact of valor letter30 day notice to tenant to vacatenorth dakota dmvsmall estate affidavit arizonadeed of trust marylandmaricopa county recorder officequickbooks payroll direct depositsample invoices in wordwisconsin mv1rent demand letter sampleva free fillable formsrent invoice template freesample word invoicenew mexico firearm lawstod deedtexas law evictiongeneric auto bill of sale pdfutah non compete lawhow to write a move out notice to landlordfree printable 30 day eviction noticeoptum rx fax form3 day eviction notice florida formmvd power of attorneyform 3368residential lease template wordreal estate brokerage bill formatreal property transfer declaration coloradohow to register a boat in garegistering a boat in njnevada eviction processnew castle county property transfersirs 2848eviction laws washington statefree rent receipts printablerental agreement forms californiahold harmless agreement template free3 day notice eviction letterboat registration wisconsinflorida deed formsquickbooks payroll direct depositvirginia trailer registrationsample lease option contractlease option agreement pdfpower of attorney form ga dmveviction process in north carolinatenant giving notice to landlord letterlease notice to vacatepromissory note for loan to friendeagle scout reference letterssublease formsmaryland dnr boat registrationdd form 843setting up an llc in tennesseesample rental application pdftaa leasenorth carolina non compete lawsadp direct depositnotary statement new yorkfiling llc in arizonainvoice template consultingvirginia medical directiveunconditional release from real estate contractrental lease agreement california pdfflorida quit claim deed formsample letter of resignation from teaching positionuniform residential landlord and tenant act tennesseequick claim deed in californiajoint tenancy with survivorship warranty deed