Promissory Note Template California

Disclaimer

The provided document is intended solely as a general example for personal financial agreements within California. It does not constitute legal or financial advice and should not be relied upon as a substitute for consulting with a qualified attorney or financial professional experienced in California’s laws and regulations. Adjustments may be necessary to ensure compliance with local requirements. The use of this sample is the user’s sole responsibility, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

This is a sample Promissory Note template for California. Note that actual legal documents should be tailored to specific circumstances and reviewed by a legal professional.

Promissory Note Sample – California

Parties Involved:

Borrower: Alice Johnson
Address: 789 Pine Street, Los Angeles, CA 90001

Lender: Bob Williams
Address: 456 Oak Avenue, Los Angeles, CA 90002

Loan Amount and Terms:

The Borrower promises to pay the Lender the principal sum of $10,000, with an annual interest rate of 5%, payable in monthly installments of $200, starting on __________________ and continuing until the full amount is paid.

Repayment Schedule:

The Borrower shall make payments on the first day of each month in the amount of $200, until the entire debt of $10,000 plus interest has been paid in full.

Security for Loan:

This loan is unsecured. The Borrower agrees to pay late fees if payments are not received within 10 days of the due date.

Governing Law:

This agreement shall be governed by and construed in accordance with the laws of the State of California. Any disputes shall be resolved in the courts of Los Angeles County.

Additional Provisions:

• The Borrower shall provide proof of payment upon request.
• This note constitutes the entire agreement between the parties.
• Any amendments must be in writing and signed by both parties.

Los Angeles, ______________________