Updated April 11, 2022
A Washington unsecured promissory note is used for transactions that involve the loaning of money between two parties (consisting of a lender and a borrower). The template covers a broad range of areas regarding the agreement to ensure both parties are clear on the terms and conditions. This note is unsecured, leaving the lender at an increased financial risk if the borrower defaults on the balance. The lender should screen potential borrowers and only lend to individuals he or she personally knows.