North Dakota Promissory Note Template — Print, Sign & File Today
Written promise to pay a debt
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PROMISSORY NOTE
State of North Dakota
Principal Amount: $[AMOUNT]
Date: [DATE]
FOR VALUE RECEIVED, the undersigned ("Borrower") promises to pay to [LENDER NAME] ("Lender"), or order, the principal sum of $[AMOUNT], together with interest.
BORROWER:
Name: [BORROWER NAME]
Address: [ADDRESS]
City, State, ZIP: [CITY], ND [ZIP]
LENDER:
Name: [LENDER NAME]
Address: [ADDRESS]
City, State, ZIP: [CITY], ND [ZIP]
TERMS:
1. Interest Rate: [RATE]% per annum
2. Payment Schedule: [SCHEDULE]
3. Payment Amount: $[AMOUNT] per [PERIOD]
4. Due Date: [DATE]
LATE PAYMENT: A late fee of $[AMOUNT] will be charged for payments more than [DAYS] days overdue.
DEFAULT: If Borrower defaults, Lender may declare the entire unpaid balance immediately due and payable.
PREPAYMENT: Borrower may prepay without penalty.
GOVERNING LAW: This note is governed by North Dakota law (ND Statutes).
BORROWER SIGNATURE: _____________________ DATE: _____
FAQ: Promissory Note in North Dakota
Is a Promissory Note required in North Dakota?
Yes, in North Dakota, a Promissory Note is required for most transactions of this type. Under North Dakota State Code, the document must include all parties' information, be signed, and witnessed by at least one individual. Failure to use a proper Promissory Note may result in legal complications.
Does a Promissory Note need to be notarized in North Dakota?
Notarization requirements in North Dakota (ND) vary by transaction type. Notary fees in the state typically range from $5-$10. While not always mandatory, notarization adds an extra layer of legal protection and is recommended for high-value transactions.
What are the tax implications of a Promissory Note in North Dakota?
North Dakota has a base sales tax rate of 5%. Depending on the type of transaction documented in your Promissory Note, additional local taxes may apply. Consult with a North Dakota tax professional for specific guidance on your situation.
Is a promissory note legally binding?
Yes, a properly executed promissory note is a legally binding contract. It must include the principal amount, interest rate (if any), payment terms, maturity date, and signatures of the borrower. Some states require notarization for certain amounts.
What happens if a borrower defaults on a promissory note?
If a borrower defaults, the lender can demand immediate payment of the full balance, charge late fees as specified in the note, report to credit bureaus, and take legal action to collect the debt. The note should specify the remedies available upon default.
Can I charge any interest rate on a promissory note?
No, interest rates are subject to state usury laws, which set maximum allowable rates. Charging interest above the legal limit can result in penalties and may make the entire note unenforceable. Check your state's usury limits.
Michael Chen, Esq.
Real Estate Law Consultant
Bar Certified, Real Estate Expert
Expert in property transactions and real estate documentation
This Promissory Note template for North Dakota has been reviewed for accuracy and legal compliance.
Last reviewed: March 2026
North Dakota Promissory Note Requirements
Review the following requirements to ensure your Promissory Note is legally valid in North Dakota.
North Dakota Notarization
While notarization may not be required in North Dakota, it is recommended. Fees range from $5-$10.
Before You Sign
Review all information carefully. In North Dakota, a 5% sales tax may apply.
Legal Protection
Keep copies of all signed documents. North Dakota law requires all parties to receive copies of executed documents.
North Dakota Filing Deadlines
Check North Dakota deadlines for filing or recording this document with the appropriate county clerk's office.
North Dakota Promissory Note Legal Guide
Under North Dakota jurisdiction, this form meets all statutory requirements and provides comprehensive legal protection for your transaction.
Pursuant to North Dakota State Code in North Dakota, this Promissory Note must meet specific criteria. The applicable sales tax is 5%. Notarization, which costs $5-$10 in ND, is strongly recommended. 1 witness is needed.
Using this template ensures you're protected under North Dakota law while saving time and money on legal fees.
Your North Dakota Filing Guide
After downloading, take your time filling in each section. ND statutes require that all information be accurate and current. Once signed by all parties, determine whether North Dakota requires you to file the document with a government office, record it with the county, or simply retain it for your records.
Expert Recommendations
Legal professionals in North Dakota recommend:
- Always use a state-specific template compliant with ND statutes
- Have documents reviewed before signing high-value agreements
- File copies with the appropriate North Dakota government office when required
- Update your documents annually to reflect any changes in ND law
How North Dakota Courts View This Document
North Dakota courts apply ND statutory standards when evaluating a Promissory Note. Judges look for: clear language, proper identification of parties, lawful purpose, and correct execution formalities. Meeting these standards ensures your document will be upheld if ever challenged.
North Dakota Statutory Requirements
The ND legislature has established specific guidelines for promissory note documents. These include proper execution formalities, witness requirements, and in some cases, mandatory filing with the county clerk's office. Non-compliance can result in legal complications.
Legal professionals in North Dakota recommend:
- Always use a state-specific template compliant with ND statutes
- Have documents reviewed before signing high-value agreements
- File copies with the appropriate North Dakota government office when required
- Update your documents annually to reflect any changes in ND law
How North Dakota Courts View This Document
North Dakota courts apply ND statutory standards when evaluating a Promissory Note. Judges look for: clear language, proper identification of parties, lawful purpose, and correct execution formalities. Meeting these standards ensures your document will be upheld if ever challenged.
North Dakota Statutory Requirements
The ND legislature has established specific guidelines for promissory note documents. These include proper execution formalities, witness requirements, and in some cases, mandatory filing with the county clerk's office. Non-compliance can result in legal complications.
The ND legislature has established specific guidelines for promissory note documents. These include proper execution formalities, witness requirements, and in some cases, mandatory filing with the county clerk's office. Non-compliance can result in legal complications.
Promissory Note Costs in North Dakota
Estimated fees and processing times
| Fee Type | Cost | Notes |
|---|---|---|
| Notary Fee | $5-$15 (if required) | North Dakota standard rate: $5-$10 |
| Filing Fee | Varies by state | State registration (if applicable) |
| Processing Time | 1-3 business days | Typical turnaround in North Dakota |
| Sales Tax | 5% | North Dakota base rate (local taxes may apply) |
| Witness Requirement | 1 witness | Single witness sufficient |
| Our Template | FREE | Download instantly, no cost |
Where to File Your Promissory Note in North Dakota
Visit your local County Clerk office to file or notarize your Promissory Note.
North Dakota County Clerk
North Dakota Capital
Main Government Building, North Dakota
District County Clerk
North Dakota Metro Area
County Courthouse, ND
Other Forms in North Dakota
Promissory Note in Neighboring States
Document Information
- Document
- Promissory Note
- State
- North Dakota (ND)
- Category
- Financial
- Format
- PDF / Word / Print
- Cost
- 100% Free
- Sales Tax
- 5%
- Notary Fee
- $5-$10
North Dakota Legal Requirements
Governing Statute:
State Commercial Code
- ✓Must be in writing for amounts over $500
- ✓Clear payment terms required
- ✓Interest rate must comply with usury laws
- ✓Signature of borrower required
📊 Promissory Note vs. Loan Agreement in North Dakota
Legal Disclaimer
This template is for informational purposes only and does not constitute legal advice. Laws in North Dakota may change. Consult a licensed attorney for advice specific to your situation.