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The  Washington promissory note templates are documents signed by both a lender and a borrower that concrete the details of a money-lending agreement. The documents cover areas ranging from late fees to payment types plus many more important sections. Usury Rate – The maximum rate of interest is 12% or 4% points above the average bill rate for 26-week treasury bills in the month before the loan was made. Laws –Wash. Rev. Code § 19.52.020 Types (2) Secured Promissory Note – The 'secured' part of the document refers to a section in which an item is declared as security. This item is typically a home, vehicle, or boat. The item is given to the lender if the borrower cannot repay the loaned balance to help cove

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