Louisiana Promissory Notes
Create a legally compliant Louisiana 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 Louisiana 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.
Louisiana statute of limitations: 10 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 Louisiana 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 Louisiana law. Includes usury savings clause and default provisions.
Create Demand Promissory NoteLouisiana Usury Law and Note Requirements
Louisiana usury law is governed by Louisiana District Courts. The maximum allowable interest rate is 12% (12% maximum). Penalties for exceeding the usury limit include: Forfeiture of all interest. The statute of limitations for enforcing a promissory note in Louisiana is 10 years. Notarization is not required but recommended. Our documents are designed to comply with Louisiana law and include all required provisions.
Frequently Asked Questions
What is the maximum interest rate for a promissory note in Louisiana?
Louisiana caps the maximum interest rate at 12% (12% maximum). Exceeding this limit may result in penalties: Forfeiture of all interest. Our documents include a usury savings clause for additional protection.
Does a promissory note need to be notarized in Louisiana?
Notarization is not legally required in Louisiana, 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 2 witnesses is recommended.
How much does a Louisiana 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, Louisiana-compliant PDF instantly. Re-download available for 5 days.
What is Louisiana's usury limit for promissory notes?
Louisiana caps interest at 12% per year for conventional loans under Civil Code Article 2924 (Louisiana's civil law tradition governs contracts differently than common law states). Parties may contract for a higher rate up to 36% for most loans. Criminal usury applies above certain thresholds. Louisiana's 5-year prescriptive period (statute of limitations) applies to promissory notes - note that Louisiana uses "prescription" rather than the common law term "statute of limitations" due to its civil law heritage.
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