MD · PROM-NOTE · Updated July 2026 · Free
Maryland Promissory Note PDF
✓100% FREE PERSONALIZED DOCUMENT
· NO REGISTRATION· NO CREDIT CARD· NO EMAIL REQUIRED· WORD & PDF DOWNLOAD
Maryland at a glance: Usury Limit: 8% per year (standard consumer) · Governing Law: Md. Code Com. Law § 12-102
Path A · Instant Blank Form
Download Blank Template
Get a print-ready template instantly. Best if you want to print and fill the document by hand. No questions, no registration.
✓Effort: Immediate (Manual fill)
✓Formats: DOCX or PDF
Path B · Recommended Choice
Build Personalized Document
Answer simple questions to customize this document. Generates all required clauses, terms, and state-specific details for Maryland.
✦Effort: 5–10 minutes (guided wizard)
✦Outcome: Tailored PDF & editable Word file
✦Feature: Auto-saves in browser, start and stop anytime
Personalize Online →
100% Free · No registration or email required
Overview
Promissory Notes in Maryland
Maryland has a default interest rate of 6% and a contract cap of 8% per year, although written agreements can charge up to 24% for certain commercial or real estate loans.
Key Facts
Maryland Promissory Note — Quick Reference
| Requirement | Maryland Rule |
|---|---|
| Usury Limit | 8% per year (standard consumer) |
| Governing Law | Md. Code Com. Law § 12-102 |
Legal Requirements
Maryland Legal Requirements
- Standard consumer loans must stay under the 8% annual limit.
Governing Laws
Maryland Governing Laws
Md. Code Com. Law § 12-102
Interest Limits
Limits interest rates to 8% per year on consumer agreements.
Read the full text of these laws at Cornell Law School's Maryland legal resources or your state legislature's official website.
Questions & Answers
Maryland Promissory Note — Frequently Asked Questions
What is the maximum interest in Maryland?
The maximum interest rate is 8% per year for standard consumer loans.