A Private Promissory Note serves as a formal documentation of debt between private parties, commonly used when traditional lending institutions are not involved. This document is essential for protecting both lender and borrower interests by clearly outlining loan terms, repayment schedules, and consequences of default. In the United States, Private Promissory Notes must comply with state-specific usury laws and UCC Article 3 requirements. They are particularly useful for personal loans, business arrangements, and family lending situations where a formal record of debt obligation is needed.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Date and Parties: Identifies the date of the note and the parties (Lender and Borrower) with their full legal names and addresses
2. Promise to Pay: The fundamental promise by the borrower to repay the loan, stating the principal amount
3. Payment Terms: Specifies payment schedule, amounts, and due dates
4. Interest Rate: States the interest rate and how it's calculated
5. Maturity Date: Specifies when the entire amount must be paid in full
6. Signature Block: Space for signatures, dates, and witness requirements if applicable
1. Security/Collateral: Used when the note is secured by specific assets - include when the loan is secured by property or other assets
2. Late Payment Penalties: Defines penalties for late payments - include when lender wants to impose specific late payment consequences
3. Prepayment Provisions: Terms for early repayment - include when early repayment is allowed or restricted
4. Default Provisions: Defines what constitutes default and consequences - include when specific default terms are desired beyond basic non-payment
5. Acceleration Clause: Allows lender to demand full payment upon default - include when lender wants ability to call the entire loan due
1. Payment Schedule: Detailed breakdown of payment dates and amounts
2. Collateral Description: Detailed description of any security/collateral (if secured note)
3. Amortization Schedule: Schedule showing principal and interest breakdown of payments
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Promissory Note For Payment Of Debt
A U.S. legal document establishing a borrower's promise to repay a specific sum to a lender under defined terms.
find out more
Promissory Note Money Loan
A U.S. legal document establishing terms and conditions for a monetary loan between parties, governed by federal and state lending laws.
find out more
Promissory Note Personal Guarantee Language
A U.S. legal document combining a promissory note with a personal guarantee of repayment, providing additional security for lenders.
find out more
Promissory Note Payable To Order
A U.S. legal instrument containing a written promise to pay a specified sum to a named party or their order, governed by the UCC.
find out more
Promissory Note Lump Sum Payment
A U.S. legal document containing a written promise to pay a specified sum of money in a single payment at a future date.
find out more
Promissory Note Lien
A U.S. legal document combining a promise to repay with a security interest in property, governed by federal and state laws.
find out more
Promissory Note In English
A legally binding document evidencing a debt and repayment terms, enforceable under U.S. law.
find out more
Payment Plan Promissory Note
A U.S. legal document establishing loan terms and scheduled repayment obligations between lender and borrower.
find out more
Promissory Note For Installment Payments
A U.S. legal document establishing a borrower's promise to repay a loan through scheduled installment payments.
find out more
Simple Promise To Pay Letter
A legally binding document used in the United States that formally acknowledges a debt and commits to its repayment under specified terms.
find out more
Promissory Note To Pay Back Money
A legally binding U.S. document containing a written promise to repay a specific sum of money under defined terms.
find out more
Promissory Note For Family Loan
A U.S. legal document that formalizes and documents the terms of a loan between family members.
find out more
Contract To Pay Back Money
A U.S.-governed agreement documenting loan terms, repayment obligations, and security arrangements between a lender and borrower, compliant with federal and state lending laws.
find out more
Unsecured Promissory Note Installment Payments
A U.S. legal document establishing terms for an unsecured loan to be repaid through scheduled installment payments.
find out more
Second Deed Of Trust Promissory Note
A U.S. legal instrument combining a promissory note with a secondary security interest in real property, subordinate to a first deed of trust.
find out more
Promissory Note For Stock Purchase
A U.S. legal document combining a promissory note with stock purchase terms, enabling payment for company shares over time.
find out more
All Inclusive Promissory Note
A U.S. legal document that combines multiple loans into a single promissory note with comprehensive payment terms.
find out more
Promissory Note Secured By A Deed Of Trust
A U.S. legal instrument combining a promise to pay with property security through a deed of trust.
find out more
Purchase Money Promissory Note
A U.S. legal document evidencing a debt obligation created to finance the purchase of property or assets, detailing repayment terms and conditions.
find out more
Due On Demand Promissory Note
A U.S. legal instrument documenting a debt obligation payable upon the lender's demand, governed by state laws and the UCC.
find out more
Private Loan Promissory Note
A U.S. legal document that establishes the terms and conditions of a private loan agreement, creating an enforceable obligation for repayment.
find out more
Hard Money Loan Promissory Note
A U.S. legal document establishing terms for a high-interest, asset-backed loan typically secured by real estate.
find out more
Easy Promissory Note
A U.S.-compliant written promise to repay a specified sum of money under defined terms and conditions.
find out more
General Promissory Note
A legally binding U.S. document containing a written promise to repay a specific sum of money under defined terms.
find out more
Quick Promissory Note
A legally binding U.S. document containing a written promise to pay a specified sum of money under defined terms.
find out more
Generic Promissory Note
A legally binding document used in the U.S. containing a written promise to pay a specified sum under defined terms.
find out more
Unsecured Promissory Note Lump Sum Payment
A U.S. legal document evidencing an unsecured debt to be repaid in a single payment, with specified terms and conditions.
find out more
Standby Promissory Note
A U.S.-governed financial instrument documenting a contingent promise to pay a specified sum under defined terms and conditions.
find out more
Refinance Promissory Note
A U.S. legal document that establishes new terms for an existing loan, replacing the original promissory note with updated financing conditions.
find out more
Promissory Note Signed By Borrower Only
A U.S. legal document containing a written promise to pay a specified sum of money, signed only by the borrower.
find out more
Promissory Note Shareholder Loan To Corporation
A U.S. legal document evidencing a loan from a shareholder to their corporation, including terms of repayment and interest.
find out more
Partial Claim Promissory Note
A U.S. legal document evidencing a borrower's promise to repay a portion of a debt, commonly used in loan modifications and government-backed mortgage programs.
find out more
Mobile Home Promissory Note
A legally binding U.S. document that outlines the terms and conditions of a loan for purchasing a mobile home, subject to federal and state regulations.
find out more
Medical Promissory Note
A U.S. legal document establishing a patient's promise to pay for received medical services, including payment terms and conditions.
find out more
Lender Promissory Note
A U.S. legal document representing a borrower's written promise to repay a loan under specified terms.
find out more
Consumer Promissory Note
A U.S. legal document that establishes the terms of a consumer loan, including repayment obligations and interest rates.
find out more
Business Loan Promissory Note
A U.S. legal document evidencing a business loan agreement, including loan amount, terms, and repayment obligations.
find out more
Standard Promissory Note Secured
A U.S. legal document evidencing a loan agreement secured by collateral, including payment terms and security details.
find out more
Installment Loan Agreement Promissory Note
A U.S.-governed agreement establishing terms for an installment loan, incorporating both loan agreement and promissory note elements.
find out more
Personal Guarantee On Promissory Note
A U.S. legal document where a guarantor assumes responsibility for another party's debt obligation specified in a promissory note.
find out more
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)