Loading...DOWNLOAD this Maine Promissory Note Form representing an agreement between two parties for the loaning and the repaying of money over a period of time agreed upon by the parties. A party agrees to borrow at a specified rate of interest an amount of money from a lender to be paid back either in regular installments during the term or as a lump sum at the end of the term. The parties can also decide whether the loan will be secured by collateral or not.
USURY
The legal interest rate in Maine is 6% per annum unless otherwise agreed to in writing. Me. Rev. Stat. tit. 9-B, § 432