Colorado Promissory Notes
Create a legally compliant Colorado promissory note that complies with state usury limits and includes all required provisions. Choose the note type that fits your lending situation, fill out the guided form, and download your professional PDF for $7.99.
Secured Promissory Note
For loans backed by collateral such as a vehicle, property, or equipment. The lender can seize the collateral if the borrower defaults.
Complies with Colorado usury limits (max 45%). Includes collateral description and default remedies.
Create Secured Promissory NoteUnsecured Promissory Note
For loans based solely on the borrower's promise to pay, with no collateral pledged. Common for personal and family loans.
Colorado statute of limitations: 6 years. Max interest rate: 45%.
Create Unsecured Promissory NoteInstallment Promissory Note
For loans repaid in fixed periodic payments over a set term. Includes a detailed payment schedule with amounts and due dates.
Includes amortization-ready payment terms compliant with Colorado usury law (45% max rate).
Create Installment Promissory NoteDemand Promissory Note
Payable in full when the lender demands repayment. No fixed schedule or maturity date. Common for informal arrangements.
Payable on demand under Colorado law. Includes usury savings clause and default provisions.
Create Demand Promissory NoteColorado Usury Law and Note Requirements
Colorado usury law is governed by Colorado District Courts. The maximum allowable interest rate is 45% (45% maximum for consumer loans). Penalties for exceeding the usury limit include: Excess interest voided. The statute of limitations for enforcing a promissory note in Colorado is 6 years. Notarization is not required but recommended. Our documents are designed to comply with Colorado law and include all required provisions.
Frequently Asked Questions
What is the maximum interest rate for a promissory note in Colorado?
Colorado caps the maximum interest rate at 45% (45% maximum for consumer loans). Exceeding this limit may result in penalties: Excess interest voided. If no rate is specified, the default legal rate is 12%. Our documents include a usury savings clause for additional protection.
Does a promissory note need to be notarized in Colorado?
Notarization is not legally required in Colorado, but it is strongly recommended. A notarized note is easier to enforce in court and helps verify the identities of all parties. While not required, having 1 witness is recommended.
How much does a Colorado promissory note cost?
Each promissory note costs $7.99. Choose your note type, fill in your details through our guided form, and download your completed, Colorado-compliant PDF instantly. Re-download available for 5 days.
What are Colorado's usury laws for promissory notes?
Colorado does not impose a general usury cap for written business-to-business or individual-to-individual loans - parties may agree to any rate in writing (C.R.S. §5-12-103). If no rate is agreed to, the default rate is 8% per year. Consumer loans are regulated under the Colorado Uniform Consumer Credit Code (UCCC) with specific rate limits. Colorado's 6-year statute of limitations applies to written promissory notes.
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