Vermont Promissory Notes

Create a legally compliant Vermont 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.

Browse by document type across all states →

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 Vermont 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.

Vermont 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 Vermont 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 Vermont law. Includes usury savings clause and default provisions.

Create Demand Promissory Note

Vermont Usury Law and Note Requirements

Max Interest Rate 12%

Rate Description 12% maximum

Default Rate 12%

Penalty for Exceeding Usury Limit Excess interest may be recovered with costs and attorney fees; a knowing violation forfeits all interest and half the principal (9 V.S.A. 50)

Statute of Limitations 6 years

Notarization Required Not required (recommended)

Witness Required Not required

Governing Agency Vermont Superior Courts

Verified against official Vermont usury statutes and Vermont Superior Courts guidance. Last reviewed May 2026. How we verify our legal data.

A Vermont promissory note is subject to a 12 percent annual interest cap on most consumer loans under Title 9 of the Vermont statutes. The same 12 percent serves as the default rate when a note does not specify one.

A lender who charges more than Vermont allows must refund the excess, and a knowing violation forfeits all interest and limits the lender to collecting only half the principal. The statute of limitations to enforce a written note is six years. Our documents include a usury savings clause and record the principal, rate, and repayment schedule that make a Vermont note enforceable.

Frequently Asked Questions

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

Vermont caps the maximum interest rate at 12% (12% maximum). Exceeding this limit may result in penalties: Excess interest may be recovered with costs and attorney fees; a knowing violation forfeits all interest and half the principal (9 V.S.A. 50). If no rate is specified, the default legal rate is 12%. Our documents include a usury savings clause for additional protection.

Does a promissory note need to be notarized in Vermont?

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

Create Your Vermont Promissory Note

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

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