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Washington Promissory Note PDF
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Washington at a glance: Usury Limit: 12% per year · Governing Law: Wash. Rev. Code § 19.52.020
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Overview
Promissory Notes in Washington
Washington limits interest rates to 12% per year, or 4% above the average yield on Treasury bills, whichever is greater.
Key Facts
Washington Promissory Note — Quick Reference
| Requirement | Washington Rule |
|---|---|
| Usury Limit | 12% per year |
| Governing Law | Wash. Rev. Code § 19.52.020 |
Legal Requirements
Washington Legal Requirements
- Interest rate must not exceed 12% per year.
Governing Laws
Washington Governing Laws
Read the full text of these laws at Cornell Law School's Washington legal resources or your state legislature's official website.
Questions & Answers
Washington Promissory Note — Frequently Asked Questions
What is the usury limit in Washington?
The ceiling is 12% per year.