Utah Promissory Note Templates

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Updated June 13, 2022

A Utah promissory note template is a fillable document designed to ensure both parties are clear on the terms and conditions of the note. The documents can also serve in a court of law once all required signatures have been recorded.

Usury Rate – Maximum rate of interest is 10% unless the parties agree to a different rate in a written contract.

LawsUtah Code Ann. § 15-1-1

Types (2)

Secured Promissory Note – Offers the lender a form of financial protection by having the borrower put an item into security that will be automatically given to the lender if the borrower cannot pay the remaining balance.

Download: Adobe PDFMS Word (.docx)OpenDocument



Unsecured Promissory Note – Does not include security. This leaves the lender at an increased risk of losing the loaned balance. To help prevent this, lenders should be cautious when deciding who to lend money to.

Download: Adobe PDFMS Word (.docx)OpenDocument



Usury Rate

Under Utah law, the legal interest rate is 10% per year if it is not in writing. The parties may agree to any rate if it is in writing with some exceptions. UT ST § 15-1-1

(Video) What is a Utah Promissory Note?

How to Write –

Step 1 – Download the Utah note form – Proceed by providing the following:

  • Enter the document’s start date- in dd/m/yy format
  • The Borrower’s name and complete mailing address
  • AND
  • Enter the Lender’s name and full mailing address
  • AND
  • Submit the amount of the principal portion of the note
  • Also, submit the unpaid sum of the annual percentage rate

Step 2 – Payments – Enter:

  • The full balance of the note due upon the due date
  • As well, include the amount of all late fees and accrued interest

Installments –

Payment method – Check the applicable box – Proceed by entering:

  • The full sum to be paid in full when the note is due
  • The total sum of the principal
  • Select payment frequency
  • Submit the amount that shall be required of the borrower for late fees

Step 3 –  Security-

  • Select “Unsecured” or “Secured” and check the box
  • If the requirement is that the note be“secured,” submit a property description

Step 4 – Titled Sections and Subsections –

  • Interest due in the Event of Default
  • Allocation of Payments
  • Prepayment
  • Acceleration (and 6A.)
  • Attorney’s Fees and Costs
  • Waiver of Presentments
  • Non-Waiver
  • Severability
  • Integration
  • Conflicting Terms
  • Notice
  • Co-Signer – Co-signer’s name
  • Execution
  • Governing Law – (State laws, Utah)

Step 5 – Signatures – Enter in the presence of a witness:

  • The Lender’s signature
  • The date of signature in mm/dd/yyyy format
  • Printed name
  • AND
  • Borrower’s signature
  • Date of signature – in mm/dd/yyyy format
  • Printes name
  • AND
  • Co-signer’s signature
  • Date signature in dd/mm/yyyy format
  • Print full name
  • AND
  • Witness’ signature
  • Date of witness’ signature – enter in mm/dd/yyyy format
  • Printed name