Promissory Note in North Carolina
Start with the official North Carolina form
The canonical, court-accepted version of this form is published by the No filing required; secured notes paired with deed of trust at register of deeds. Search your county or district court's website for the current Promissory Note form before relying on any template. Forms are revised periodically — always confirm you have the current revision before filing.
Verify with your local court clerk before filing: local rules sometimes add cover-sheet, formatting, or service requirements beyond what the state-issued form shows.
North Carolina Requirements
- 8% general legal rate; § 24-1.1A formulas for consumer loans up to $25,000
- Loans over $25,000 may carry any rate by contract (no usury cap)
- Identify maker, payee, principal, rate, payment terms, and default provisions
- Penalty for usury: forfeiture of all interest, refund of 2x interest paid
- Statute of limitations: 3 years on most written contracts (N.C. Gen. Stat. § 1-52)
No filing required; secured notes paired with deed of trust at register of deeds
None for the note; deed of trust recording $26 first 15 pages
How to Complete This Form
- 1Obtain a blank quitclaim deed form that complies with your state's requirements.
- 2Enter the full legal name and address of the grantor (the person transferring the property).
- 3Enter the full legal name and address of the grantee (the person receiving the property).
- 4Include the complete legal description of the property (obtained from the current deed or county records).
- 5Sign the deed in the presence of a notary public and any required witnesses.
- 6File the deed with the county recorder's office along with any required transfer tax forms and fees.
- 7Keep a copy of the recorded deed for your records.
Editorial Template (Not the Official Court Form)
This is an educational template showing the typical structure of a Promissory Note in North Carolina. It is not a court-validated form and should not be used in place of the official form issued by the No filing required; secured notes paired with deed of trust at register of deeds. Use this template only to understand what information you will need to assemble before completing the official form. Submitting this template instead of the official form may result in rejection by the court clerk.
Promissory Note in Other States
Other Forms in North Carolina
When to Talk to a Lawyer
- Your situation involves complex legal issues or significant financial consequences.
- You are unsure whether the form meets your state's specific requirements.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.