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DOWNLOAD this Connecticut promissory note form in order to record an agreement of a loan between Connecticut residents.   The note represents a promise by one person to repay funds to another person over a specified period of time with a specified amount of interest.   The note form allows for the parties to determine whether the note will be secured by collateral or not.  It also allows the parties to choose the terms of the repayment.

 

USURY

Connecticut statues state, “No person and no firm or corporation or agent thereof… shall, as guarantor or otherwise, directly or indirectly, loan money to any person and, directly or indirectly, charge, demand, accept or make any agreement to receive therefor interest at a rate greater than twelve per cent per annum.”  37 CT Ch. 673 Sec. 37-4

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