Arizona Promissory Note PDF
Arizona at a glance: Usury Limit: No limit (if written in contract) · Default Legal Rate: 10% per year · Governing Law: Ariz. Rev. Stat. § 44-1201
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Promissory Notes in Arizona
Arizona has a default legal interest rate of 10% per year. However, Arizona usury laws allow parties to contract for any interest rate as long as the agreement is in writing and signed.
Arizona Promissory Note — Quick Reference
| Requirement | Arizona Rule |
|---|---|
| Usury Limit | No limit (if written in contract) |
| Default Legal Rate | 10% per year |
| Governing Law | Ariz. Rev. Stat. § 44-1201 |
Arizona Legal Requirements
- Note must be in writing to exceed the default 10% interest rate.
Arizona Governing Laws
Read the full text of these laws at Cornell Law School's Arizona legal resources or your state legislature's official website.