Ohio Promissory Note Template

Create Document

Ohio Promissory Note Template

An Ohio promissory note is a written contract whereby an individual promises to repay a loan to the lender by a specified date. A promissory note is often used between parties that have an already well-established relationship as it holds the borrower accountable to repay the lender but doesn’t contain the punitive default provisions found in a loan agreement.

The agreement should outline repayment deadlines, interest rates, late fees, and collateral (if necessary). If the borrower fails to uphold their end of the agreement, Ohio law states that the lender will have six (6) years to take action against the borrower (§ 1303.16(a)).

Create Document
Fill Now
Download
Word
ODT

Last updated May 25th, 2025

Document Preview

An Ohio promissory note is a written contract whereby an individual promises to repay a loan to the lender by a specified date. A promissory note is often used between parties that have an already well-established relationship as it holds the borrower accountable to repay the lender but doesn’t contain the punitive default provisions found in a loan agreement.

The agreement should outline repayment deadlines, interest rates, late fees, and collateral (if necessary). If the borrower fails to uphold their end of the agreement, Ohio law states that the lender will have six (6) years to take action against the borrower (§ 1303.16(a)).

Downloads: 447
  1. Home »
  2. Loan Agreement »
  3. Promissory Note »
  4. Ohio

Types (2)

Secured Promissory Note – This form outlines repayment terms for a loan secured by a borrower’s personal assets.

Download: PDF, Word (.docx), OpenDocument

 

Unsecured Promissory Note – A lending instrument where the borrower is not required to pledge their assets as collateral.

Download: PDF, Word (.docx), OpenDocument