Kentucky Promissory Notes
Create a legally compliant Kentucky 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 Kentucky usury limits (max 19%). 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.
Kentucky statute of limitations: 6 years. Max interest rate: 19%.
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 Kentucky usury law (19% 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 Kentucky law. Includes usury savings clause and default provisions.
Create Demand Promissory NoteKentucky Usury Law and Note Requirements
Verified against official Kentucky usury statutes and Kentucky Circuit Courts guidance. Last reviewed May 2026. How we verify our legal data.
Kentucky usury law is governed by Kentucky Circuit Courts. The maximum allowable interest rate is 19% (19% or 4% above Federal Reserve rate). Penalties for exceeding the usury limit include: Knowing usury forfeits the entire interest; twice the interest paid may be recovered within two years (KRS 360.020). The statute of limitations for enforcing a promissory note in Kentucky is 6 years. Notarization is not required but recommended. Our documents are designed to comply with Kentucky law and include all required provisions.
Frequently Asked Questions
What is the maximum interest rate for a promissory note in Kentucky?
Kentucky caps the maximum interest rate at 19% (19% or 4% above Federal Reserve rate). Exceeding this limit may result in penalties: Knowing usury forfeits the entire interest; twice the interest paid may be recovered within two years (KRS 360.020). Our documents include a usury savings clause for additional protection.
Does a promissory note need to be notarized in Kentucky?
Notarization is not legally required in Kentucky, 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 Kentucky 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, Kentucky-compliant PDF instantly. Re-download available for 5 days.
What is Kentucky's usury limit for private promissory notes?
Kentucky caps interest at 8% per year as the legal rate for contracts that don't specify a rate (KRS §360.010). Parties may agree in writing to rates up to 19% per year for most personal loans. Charging above 19% is usurious and may void the excess interest. For commercial loans between businesses, Kentucky courts apply more flexibility. For a negotiable promissory note, the Uniform Commercial Code gives lenders six years to sue to collect (KRS 355.3-118).
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