Updated April 08, 2022
A Kentucky unsecured promissory note adds a level of legal protection for two parties involved in the process of loaning money. The note serves as a ‘promise’ for one party (the borrower) to reimburse another party (the lender) a previously loaned amount plus interest. This version does not include security, thus the lender should only work with friends and family and/or those with sufficiently high credit.