» » North Carolina Promissory Note Templates

North Carolina Promissory Note Templates

Create a high quality document online now!

The North Carolina promissory note templates are documents designed to assist the lender in a money-lending transaction with earning his or her money back (with the addition of interest) from a borrower in a timely fashion. Sections of the agreement like Late Fees, Interest Rates, and Acceleration help motivate the borrower to ensure all payments are made correctly and in full.


Secured Promissory Note – The secured version of the template includes a section on security. Security requires the borrower to set aside an item of relative value to that of the loaned amount of money. This item is given to the lender if the borrower enters into default to help cover the remaining outstanding balance.

Unsecured Promissory Note – The unsecured version does not include a section on security, substantially increasing the financial risk for the lender. This is because the lender is not guaranteed a reimbursement on his loaned money if the borrower fails to pay back the balance. We recommend the lender in the agreement to only work with family, friends, and those with a strong credit score.

Usury Rate

In North Carolina, if the loaned amount is over $25,000, the parties may agree to any interest rate. If it is under $25,000, the parties shall consult the Commissioner of Banks notice published on the 15th of each month for the maximum rate allowed. NC ST § 24-1.1

How to Write

Step 1 – Begin by downloading a North Carolina note document –

  • Submit the start date of the document –in mm/dd/yyyy format
  • Borrower’s name
  • Mailing address
  • AND
  • Lender’s name
  • Mailing address
  • AND
  • Submit the principal amount of the note
  • Submit the remaining portion of the annual percentage rate

Step 2 – Payments – Enter the following information:

  • Provide the total amount of the note that would be payable on the stated due date
  • Also include any accrued interest as well as any late fees

Installments – Select the preferred payment method by checking the box preceding the selection

  • Provide the total amount of the note (all inclusive
  • Enter the principal amount on the note
  • Choose a payment frequency from one of the three (3) boxes
  • Submit the agreed amount that is required for late payments

Step 3 – Security-

  • Check the applicable box that would indicat the type of note to be used
  • If the note will be“secured,” Enter the description of property (to be secured)

Step 4 – Titled Sections and Subsections –

  • Interest due in the Event of Default
  • Allocation of Payments
  • Prepayment
  • Acceleration (and 6A.- Security)
  • Attorney’s Fees and Costs
  • Waiver of Presentments
  • Non-Waiver
  • Severability
  • Integration
  • Conflicting Terms
  • Notice
  • Co-Signer – Co-signer’s name (if required
  • Execution
  • Governing Law – (North Carolina state law)

Step 5 – Signatures – Shall be witnessed:

  • Lender’s signature
  • Signature dated – in mm/dd/yyyy format
  • Printed name
  • AND
  • Borrower’s signature
  • Signature dated in mm/dd/yyyy format
  • Printed name
  • AND
  • Signature of the Co-signer(s)
  • Signature dated in mm/dd/yyyy format
  • Print Co – signer’s name
  • AND
  • Signature of Witness (first witness signatures ) in mm/dd/yyyy format
  • Printed name

Related pages

cigna authorizationarkansas power of attorney formcommercial tenancy agreement formdurable power of attorney virginiaaz power of attorneyeviction notice in alabamareturning security deposit lettermedical durable power of attorney definitionsample letter of vacating a rental propertyiowa quit claim deed formohio bmv vin searchnevada quit claim deed formeviction laws in illinoisnm handgun lawsmontana motor vehicle formspromissory note ohiowhat is the routing number for pncpromissory note for personal loan templatepromissory note oregongeorgia llc filingit contractor invoice templatekentucky lease agreementbb&t check account numbersample lease agreement virginiareceipt maker templatetenant background check authorization formrelease and quitclaimsingle member llc in californiasample recommendation letter for teacher from parenthow to evict a tenant in ny statewills in louisianaflorida special warranty deed formcontractor lien releaserent receipt template docrental application california association of realtorsllc by lawstenant rent increase lettermass boat registrationresidential lease agreement louisianavolunteer forms templateprintable rental agreementskansas eviction lawssample of rent increase letter for tenantscreating an llc in marylandnyc capital one routing numberiowa uniform commercial codepennsylvania realtors associationgeorgia quit claim deedvermont landlord certificatesample promissory note texaspay rent or quit californiapower of attorney form alaskausaa bank number for direct depositnorth carolina certificate of existenceearly lease termination letter samplemississippi boat registration formeviction laws new yorkpaycheck template microsoft wordlease agreement oklahomapnc bank number for direct depositlease application form floridarevoking power of attorney form30 day vacate notice to tenantroofing invoice template freecalifornia landlord tenant law month to month60 day lease termination notice templateloan agreement template free wordpriority partners formularyky state outlinedelaware lease agreementlandlord tenant hawaiiquit claim deed form mnnys evictionletter of recommendation job templateoregon rental lease agreementflorida statute 83.56