Looking for a promissory note that holds up in New York? Our AI-powered generator produces a state-aware Promissory Note tailored to New York law in under five minutes — no attorney consultation required to get started. Every clause is reviewed against the legal frameworks most New York courts care about as of 2026.
Reflects New York law as of 2026. Professional review advisable.
New York criminal usury caps interest at 25% per year on personal loans; civil usury at 16% for non-corporate borrowers.
When you're ready to sign, you'll be guided through a short questionnaire, the document is generated and reviewed for issues, then you can download a PDF, e-sign it, or send it to a counterparty for signature. Professional review is advisable for high-stakes agreements.
| Governing law clause | Set to the State of New York by default |
|---|---|
| Electronic signatures | Valid under the federal ESIGN Act and New York's adoption of UETA |
| Written-contract claim window | Generally 6 years from breach |
| Notarization | Not required for this agreement; used for deeds, powers of attorney, and some transfers |
| Witnesses | Not required — signatures of the parties are sufficient |
| Interest | New York usury limits cap the maximum lawful rate — keep the stated rate below it |
Orientation only — statutes change. Confirm against current New York code for your specific situation.