New Brunswick promissory note template

New Brunswick rules for this report

These rules are about how and when you report, not the template's fields. Check them before you deliver.

• No claim may be brought after the earlier of two years from the day it is discovered and fifteen years from the day of the act or omission it is based onLimitation of Actions Act, s. 5 (1), (2)
• The Small Claims Court of New Brunswick hears actions for debt or damages of up to 20,000 dollars, and that amount includes interest to the date of judgment (costs are extra)Small Claims Act, s. 5 (1), (2) · General Regulation 2012-103, s. 3
• A claim for failure to repay a demand loan must be brought by the earlier of two years from the day of default after the demand for repayment and fifteen years from the day the lender was first entitled to demand repaymentLimitation of Actions Act, s. 11
• A claim to recover the principal of a debt secured on real or personal property may not be brought after 15 years from the day the security was taken, and a payment on a debt is presumed to be a payment of both principal and interestLimitation of Actions Act, s. 12 (2), (3)
• A written acknowledgement, or a part payment, made by the defendant to the claimant before the limitation period expires starts the period again; an admission in correspondence marked without prejudice, or that reserves the limitation defence, does not countLimitation of Actions Act, s. 19 and 20

What is in it

• Promise to payThe promise to pay, in the standard wording filled in with your entries.
• Other termsAnything else the lender and borrower agree: security given, where payments are sent.

Rules last reviewed November 3, 2026. Read the full New Brunswick promissory note requirements.