Use this chart with the Harner Legal Forms Unsecured Promissory Note before making or documenting a loan without collateral.
Last reviewed: September 28, 2026
Important: This page provides general state-law information, not legal advice. It addresses an ordinary transaction or revocation using the Harner Legal Forms document. Laws, agency forms, local procedures, mandatory notices, consumer rules, and institutional practices can change. State and federal law control if they differ from this summary or the form instructions.
Recommended steps
- State the principal, interest rate, payment schedule, maturity date, late charges, prepayment terms, default remedies, and governing law clearly.
- The Borrower must sign. The Lender should also sign when the Note contains bilateral promises or negotiated modifications.
- Check state interest-rate, late-fee, consumer-credit, licensing, disclosure, and collection rules before funding.
- Keep the original or authoritative electronic record and document every payment, amendment, extension, assignment, and payoff.
Scope of this chart
A person is generally not liable on a negotiable instrument without a binding signature. See UCC §3-401. Enforceability also depends on state usury and consumer-credit law; a form cannot determine the lawful rate for every transaction.
| State | Note execution | State-specific loan point |
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No matching state found.