Georgia Secured Promissory Note (2026)
The borrower pledges property (a car, equipment) as security for the loan. Interest limit in Georgia: Loans of $3,000 or less: up to 16% per year simple interest (O.C.G.A. §7-4-2(a)(2); Attorney General Opinion 2003-8). For larger loans, have a Georgia attorney confirm the limit.
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Georgia promissory note: key facts
- Maximum interest (usury limit)
- Loans of $3,000 or less: up to 16% per year simple interest (O.C.G.A. §7-4-2(a)(2); Attorney General Opinion 2003-8). For larger loans, have a Georgia attorney confirm the limit.
- Legal rate when the note sets none
- Not confirmed in an official source we could read — ask a local attorney.
- Time limit to sue
- Georgia: ask a Georgia attorney or the court clerk for the current deadline.
- Notary required?
- No requirement was found for a simple promissory note; notarizing is optional. A lien on real estate needs a separate mortgage or deed of trust.
Official sources: Georgia Attorney General — Opinion 2003-8 · Georgia Department of Banking and Finance — Interest rates · Last reviewed: October 2026
Frequently asked questions
- What is the maximum interest rate on a personal loan in Georgia?
- Loans of $3,000 or less: up to 16% per year simple interest (O.C.G.A. §7-4-2(a)(2); Attorney General Opinion 2003-8). For larger loans, have a Georgia attorney confirm the limit. Our form blocks rates above the safe limit for your state.
- Does a promissory note need to be notarized in Georgia?
- No requirement was found for a simple promissory note; notarizing is optional. A lien on real estate needs a separate mortgage or deed of trust.
- Secured or unsecured: which one do I need?
- Use a secured note when the borrower pledges property, such as a car or equipment, that the lender can enforce against after a default. Use an unsecured note for a simple personal promise to repay.
- How long do I have to sue on an unpaid note in Georgia?
- Georgia: ask a Georgia attorney or the court clerk for the current deadline.
- Can I get it in Spanish?
- Yes. You sign the English note and also receive a Spanish reference translation and Spanish instructions.
DoneDoc provides self-help forms and is not a law firm. We recommend having your document reviewed by a licensed attorney in your state before signing.
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