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.
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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 12%). 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: 12%.
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 (12% 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
Verified against official Colorado usury statutes and Colorado District Courts guidance. Last reviewed May 2026. How we verify our legal data.
Colorado usury law is governed by Colorado District Courts. The maximum allowable interest rate is 12% (12% per year on consumer loans; licensed supervised lenders may charge tiered rates up to 36% on the first $1,000. Rates of 45% or more are criminal usury.). Penalties for exceeding the usury limit include: Excess charges may be forfeited under the Uniform Consumer Credit Code; rates of 45% or more are criminal usury.. 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 12% (12% per year on consumer loans; licensed supervised lenders may charge tiered rates up to 36% on the first $1,000. Rates of 45% or more are criminal usury.). Exceeding this limit may result in penalties: Excess charges may be forfeited under the Uniform Consumer Credit Code; rates of 45% or more are criminal usury.. If no rate is specified, the default legal rate is 8%. 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 regulates consumer loans under the Uniform Consumer Credit Code (C.R.S. 5-2-201), which caps a non-supervised consumer loan at 12% per year; licensed supervised lenders may charge tiered rates up to 36% on the first $1,000. Business loans are not subject to those consumer caps. If no rate is agreed to, the default legal rate is 8% per year, and rates of 45% or more are criminal usury. For a promissory note, Colorado allows six years to sue to collect.
Create Your Colorado Promissory Note
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