Promissory Note Template Colorado

Disclaimer

The provided document serves as a general template for a borrower’s acknowledgment in a specific state. It is intended solely for informational purposes and may not include all necessary legal provisions. Users should consult a qualified attorney familiar with local laws and regulations to ensure the document’s applicability and compliance. The use of this template is at the user’s own risk, and no liability is assumed for errors, omissions, or legal issues arising from its use without professional review.

This sample Promissory Note template is provided for illustrative purposes and may vary depending on specific circumstances and applicable Colorado laws. Adjust details accordingly.

Promissory Note Example – Colorado

Parties Involved:

Lender: Robert Johnson
Address: 789 Pine Street, Denver, CO 80202

Borrower: Emily Davis
Address: 456 Oak Avenue, Denver, CO 80203

Loan Amount and Terms:

The Borrower promises to pay the Lender the principal sum of $5,000, with interest at an annual rate of 5%, payable in monthly installments of $200 beginning on __________________ and continuing on the first of each month until the full repayment is made.

Payment Schedule:

Payments shall be made by check or electronic transfer to the account designated by the Lender. Any late payments shall incur a late fee of $25.

Security:

This note is unsecured, or specify collateral if applicable, e.g., property located at 123 Maple Street, Denver, CO.

Governing Law:

This Promissory Note shall be governed by the laws of the State of Colorado. Any disputes shall be subject to the jurisdiction of the courts in Denver, Colorado.

Additional Provisions:

• The Borrower agrees to repay the loan in accordance with the schedule outlined above.
• The Borrower may prepay the loan in whole or in part at any time without penalty.
• If the Borrower defaults on payment, the full remaining balance shall become immediately due and payable.

Denver, Colorado, ______________________