1. Home »
  2. Loan Agreement »
  3. Promissory Note »
  4. Mississippi

Mississippi Promissory Note Template

Fill Now Click to fill, edit and sign this form now!
Fill Now Click to fill, edit and sign this form now!

Updated on February 18th, 2022

A Mississippi promissory note is a financial document that binds a loan recipient (the “borrower”) to repayment terms set by the lender. Through the note, the lender can state their preferred installment schedule, maturity date, interest rate, and whether they require a co-signer to guarantee the loan. Having a promissory note in place provides the lender protection in knowing that if the borrower defaults, they have a record of the transaction and can file a lawsuit if necessary.

In Mississippi, lenders and borrowers may agree to a finance charge (an imposed fee for loan transitions). However, the cost cannot exceed the rate listed in Section 75-17-1(2) of the Mississippi Code.

Types (2)

Secured Promissory Note – Used for a loan transaction where the borrower pledges certain assets as a security interest for the lender.

Download: PDFWord (.docx)OpenDocument


Unsecured Promissory Note – Contains the same provisions as a secured promissory note, only there is no collateral backing the loan.

Download: PDFWord (.docx)OpenDocument