North Dakota Promissory Notes

Create a legally compliant North Dakota 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 North Dakota usury limits (max 12%). Includes collateral description and default remedies.

Create Secured Promissory Note

Unsecured Promissory Note

For loans based solely on the borrower's promise to pay, with no collateral pledged. Common for personal and family loans.

North Dakota statute of limitations: 6 years. Max interest rate: 12%.

Create Unsecured Promissory Note

Installment 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 North Dakota usury law (12% max rate).

Create Installment Promissory Note

Demand Promissory Note

Payable in full when the lender demands repayment. No fixed schedule or maturity date. Common for informal arrangements.

Payable on demand under North Dakota law. Includes usury savings clause and default provisions.

Create Demand Promissory Note

North Dakota Usury Law and Note Requirements

Max Interest Rate 12%

Rate Description 5.5% above the average rate on six-month US Treasury bills (6% legal rate absent a written agreement).

Default Rate 6%

Penalty for Exceeding Usury Limit All interest forfeited plus 25% of principal

Statute of Limitations 6 years

Notarization Required Not required (recommended)

Witness Required Not required

Governing Agency North Dakota District Courts

Verified against official North Dakota usury statutes and North Dakota District Courts guidance. Last reviewed May 2026. How we verify our legal data.

North Dakota usury law is governed by North Dakota District Courts. The maximum allowable interest rate is 12% (5.5% above the average rate on six-month US Treasury bills (6% legal rate absent a written agreement).). Penalties for exceeding the usury limit include: All interest forfeited plus 25% of principal. The statute of limitations for enforcing a promissory note in North Dakota is 6 years. Notarization is not required but recommended. Our documents are designed to comply with North Dakota law and include all required provisions.

Frequently Asked Questions

What is the maximum interest rate for a promissory note in North Dakota?

North Dakota caps the maximum interest rate at 12% (5.5% above the average rate on six-month US Treasury bills (6% legal rate absent a written agreement).). Exceeding this limit may result in penalties: All interest forfeited plus 25% of principal. If no rate is specified, the default legal rate is 6%. Our documents include a usury savings clause for additional protection.

Does a promissory note need to be notarized in North Dakota?

Notarization is not legally required in North Dakota, 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 North Dakota 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, North Dakota-compliant PDF instantly. Re-download available for 5 days.

Create Your North Dakota Promissory Note

Usury-compliant, professionally formatted, and ready to sign. Download your PDF instantly for $7.99.

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