DOWNLOAD this Colorado promissory note form if you want to document an agreement on the loan of money between two Colorado residents. The form allows the makers to specify how much interest will be charged as well as how and when the loan will be repaid. The parties may also decide whether or not they want the loan to be secured with collateral or unsecured.
Under Colorado law, the legal interest rate if not otherwise specified is 8% per annum, however parties may agree to a written contract with a higher rate, not to exceed 45% per annum. C.R.S. 5-12-101 and C.R.S. 5-12-103