New Hampshire Promissory Note Templates

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A promissory note is a formal, legally-binding agreement between two parties: the borrower and lender. The note describes how much money the parties exchanged, the due date of the loan payment, how the borrower will pay interest, and whether the borrower will use collateral assets to secure the loan, should they become unable to repay the principal.

Debt collection for a New Hampshire promissory note is only valid for six years, according to New Hampshire legal code RSA 382-A: 3-118. That statute of limitations means that if the lender will have six years to collect their debt before the note expires.

In New Hampshire, there are two types of promissory notes.

New Hampshire Secured Promissory Note

A New Hampshire promissory note can be secured; the borrower must offer up an asset equivalent to the amount of the debt owed should they default on the payment. The borrower can use assets like a vehicle or property as collateral.

A promissory note template New Hampshire will include the following information:

  • Day, month, and year of the deal
  • Borrower’s full name
  • Borrower’s address
  • Lender’s full name
  • Lender’s address
  • Principal amount (value of the loan)
  • Interest rate
  • Collateral assets
  • Signatures of borrower, lender, and notary public

You can easily find a free New Hampshire promissory note form online and print it. You and the other party will then negotiate the terms of the loan and sign the form.  Once signed, the promissory note is a legal document that a court will recognize.

New Hampshire Unsecured Promissory Note

An unsecured New Hampshire promissory note needs the same information as a secured promissory note, except for the collateral asset stipulation. The borrower won’t have to relinquish an asset equal to the amount owed should they default on the loan.

The lack of collateral means an unsecured New Hampshire promissory note makes the loan riskier for the lender. That’s why these types of notes are common between friends, family members, and otherwise people who know each other well, as social standing between parties replaces the need for collateral.

You can find a promissory note New Hampshire form online if you need to sign an unsecured note. Lenders should have built trust with the borrower before signing one of these notes, though, as promissory notes are sometimes a front for scams.


It is 10%, according to the New Hampshire Trade and Commerce Section 336:1.

The borrower and lender must determine the number of days before issuing a late fee when they create the promissory note. That time frame can be flexible to match the borrower’s income.

These scams typically happen in formal business settings. The fraudster paints themself as a start-up in need of investments.

They may ask for a loan out of the blue, so you did not initially have an interest in them before they approached you.

Fraudsters may also promise grand returns or to pay back your loan quickly, which is unlikely.