Tennessee Promissory Notes

Create a legally compliant Tennessee 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 Tennessee usury limits (max 10%). 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.

Tennessee statute of limitations: 6 years. Max interest rate: 10%.

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 Tennessee usury law (10% 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 Tennessee law. Includes usury savings clause and default provisions.

Create Demand Promissory Note

Tennessee Usury Law and Note Requirements

Max Interest Rate 10%

Rate Description 10% or 4% above prime rate

Default Rate 10%

Penalty for Exceeding Usury Limit Forfeiture of all interest; triple penalty if willful

Statute of Limitations 6 years

Notarization Required Not required (recommended)

Witness Required Not required

Governing Agency Tennessee Circuit Courts

Tennessee usury law is governed by Tennessee Circuit Courts. The maximum allowable interest rate is 10% (10% or 4% above prime rate). Penalties for exceeding the usury limit include: Forfeiture of all interest; triple penalty if willful. The statute of limitations for enforcing a promissory note in Tennessee is 6 years. Notarization is not required but recommended. Our documents are designed to comply with Tennessee law and include all required provisions.

Create Your Tennessee Promissory Note

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

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