Arizona Promissory Notes

Arizona promissory notesThe Form Library offers two forms of Arizona Promissory Notes:

  1. Demand Note which provides for payment at a fixed time or upon such time as demand for repayment is made by the lender; and
  2. Installment Note which provides for fixed monthly payments to be made until the loan is repaid.

These forms of Promissory Notes are unsecured which means that there is no collateral provided for the loan. The Promissory Note is not guaranteed by a pledge of personal property or with a lien on real property which the lender can confiscate or foreclose on in the event of a default.


The forms of Promissory Note in the Library will formally document a loan and provide that the lender can pursue remedies available at law, including recovery of legal fees, if the borrower does not repay the loan.

If you want to secure a loan with either personal property or real property, please consult a legal professional to assist you with appropriate documentation.  This involves more documentation than a Promissory Note.

Like almost all promissory notes written nationwide, an Arizona promissory note must have basic information such as party names, amount and interest charged. It should include specific legal terms and remedies. We recommend using our Arizona Legal Form Library to find the right Arizona promissory note for your situation.

There is no requirement for a witness or notary public to witness the signing of the Promissory Note. However, depending on the nature of the note and the governing law of the jurisdiction in which you’re entering into the note, you may be required to have witnesses or a notary public witness the Promissory Note. Even if it is not required, having an objective third party witness the signing of the note will be better evidence when you need to enforce the repayment of the note. Signing the note in front of a notary public is the best evidence that the Borrower signed the note.