Free printable promissory note templates are available at FormSwift. The promissory notes are downloadable as PDFs, and the language is binding in all 50 states, according to FormSwift.
A promissory note is a legal document in which a borrower promises to make repayments to a lender. Any legally binding promissory note consists of six elements, as FormSwift explains. The term "promissory note" must be used, and the borrower and lender must be clearly identified. The terms of the loan must be set out, including the amount borrowed, the interest and the repayment terms. Any penalties must be specified, and any security backing the loan must be identified. A promissory note must be signed to be legally valid.