Wyoming Unsecured Promissory Note
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Draft a legally legally sound Unsecured Promissory Note for Wyoming that features all required terms under Wyoming promissory note law. Fill in your loan details and download your completed, ready-to-sign Unsecured Promissory Note as a professional PDF.
Wyoming law governs promissory notes with specific usury limits and enforcement rules that safeguards both note holder and borrower. Wyoming does not impose a general statutory cap on interest rates for private loans. Lenders have 6 years to file suit to collect on a promissory note in Wyoming. Wyoming law requires 3 specific elements in a valid promissory note.
Wyoming Promissory Note Requirements
Wyoming Unsecured Promissory Note Signing Checklist
Print this or save it as a PDF and use it at the signing. Review every item before any party puts pen to paper.
Before you sign
- Both the lender and borrower read the full note before signing.
- Confirm the principal amount, interest rate, and repayment terms match what was agreed.
- Confirm any late fee amount and grace period are correct.
- The lender keeps the original signed note in a safe place.
- Each party keeps a signed copy for their own records.
Wyoming rules to know
- Wyoming does not impose a general statutory cap on interest rates for private written loans. Any agreed rate should still be reasonable.
- Notarization is not required in Wyoming but is strongly recommended. A notarized note is self-authenticating in court and harder to dispute.
- 1 witness is recommended in Wyoming even though not legally required.
- In Wyoming, the lender has 6 years from the date of default to file suit to collect on the note.
In the note itself
- Borrower's full legal name and current address.
- Lender's full legal name and current address.
- Principal loan amount written out in both numbers and words.
- Annual interest rate (expressed as a percentage).
- Maturity date (the date by which the full balance must be repaid).
- Late fee amount and grace period, if any.
- Signatures of both parties (and witnesses if required).
- A clear statement that no collateral secures this note and the lender relies solely on the borrower's promise to repay.
This checklist is a reference aid only. Consult an attorney for advice specific to your situation. Confirm current Wyoming lending rules before signing.
What to Include in a Wyoming Unsecured Promissory Note
Every Unsecured Promissory Note in Wyoming should include the following important provisions: the full legal names and addresses of both the creditor and borrowing party, the principal loan amount, the interest rate (which must not exceed the agreed-upon rate under Wyoming law), the repayment schedule and due dates, any late payment penalties, the consequences of default, and the governing law clause.
Wyoming requires the following elements in a valid promissory note: written agreement signed by borrower, clear repayment terms, interest rate disclosure.
How to Complete a Wyoming Unsecured Promissory Note
To complete a Unsecured Promissory Note in Wyoming, start by gathering the necessary information: the full legal names and addresses of both parties, the loan amount, the agreed-upon interest rate, the repayment terms, and any collateral details if applicable.
Our platform walks you through each section with a guided form tailored to Wyoming requirements. Once you have filled in all details, you can preview the document, choose from five professional document styles, and download your completed Unsecured Promissory Note as a PDF.
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