Official Collin County, Texas Promissory Note Form | Step-by-Step Guide
Free county-specific template for Collin County residents (Pop. 1,034,730)
Collin County Information
For residents of Texas, ensuring this form is compliant with state-specific requirements is a top priority for legal validity.
For Texas (TX) residents, this Promissory Note is governed by Texas Finance Code § 302. Important details: sales tax at 6.25%, notary costs of $6-$10, and a requirement for 1 witness. The document has indefinite validity once properly executed.
Ensure your transaction is legally sound in Texas with this expertly crafted, state-compliant template.
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PROMISSORY NOTE
State of Texas
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], TX [ZIP]
LENDER:
Name: [LENDER NAME]
Address: [ADDRESS]
City, State, ZIP: [CITY], TX [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 Texas law (TX Statutes).
BORROWER SIGNATURE: _____________________ DATE: _____
Texas Promissory Note Requirements
Review the following requirements to ensure your Promissory Note is legally valid in Texas.
Texas Notarization
While notarization may not be required in Texas, it is recommended. Fees range from $6-$10.
Before You Sign
Review all information carefully. In Texas, a 6.25% sales tax may apply.
Legal Protection
Keep copies of all signed documents. Texas law requires all parties to receive copies of executed documents.
Texas Filing Deadlines
Check Texas deadlines for filing or recording this document with the appropriate county clerk's office.
Promissory Note Costs in Texas
Estimated fees and processing times
| Fee Type | Cost | Notes |
|---|---|---|
| Notary Fee | $5-$15 (if required) | Texas standard rate: $6-$10 |
| Filing Fee | Varies by state | State registration (if applicable) |
| Processing Time | 1-3 business days | Typical turnaround in Texas |
| Sales Tax | 6.25% | Texas base rate (local taxes may apply) |
| Witness Requirement | 1 witness | Single witness sufficient |
| Our Template | FREE | Download instantly, no cost |
Filing Your Promissory Note in Collin County
Residents of Collin County (1,034,730 population) can use this template for written promise to pay a debt. This document complies with Texas state law.
County Filing Steps
- Download and complete the Promissory Note template
- Gather 1 witness as required by Texas law
- Visit the Collin County Clerk's Office for filing
- Pay applicable county filing fees
- Keep copies for all parties involved
FAQ: Promissory Note in Collin County, Texas
Is a Promissory Note required in Texas?
Yes, in Texas, a Promissory Note is required for most transactions of this type. Under Texas Finance Code § 302, 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 Texas?
Notarization requirements in Texas (TX) vary by transaction type. Notary fees in the state typically range from $6-$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 Texas?
Texas has a base sales tax rate of 6.25%. Depending on the type of transaction documented in your Promissory Note, additional local taxes may apply. Consult with a Texas tax professional for specific guidance on your situation.
Where do I file a Promissory Note in Collin County?
In Collin County, you can file your Promissory Note at the Collin County Clerk's Office. Contact them for specific filing requirements, hours, and fees. Population served: 1,034,730 residents.
Sarah Mitchell, J.D.
Legal Document Specialist
Licensed Attorney, 15+ years experience
Specializes in contract law and legal document preparation
This Promissory Note template for Texas has been reviewed for accuracy and legal compliance.
Last reviewed: March 2026
Other Counties in Texas
Location Information
- County
- Collin County
- State
- Texas (TX)
- Population
- 1,034,730
- Document
- Promissory Note
- Sales Tax
- 6.25%
- Notary Fee
- $6-$10
Texas 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
Legal Disclaimer
This template is for informational purposes only. County-specific ordinances in Collin County may apply. For legal advice, consult a licensed attorney in Texas.