does my loan agreement with a family member have to be notarized 
no while notarization may take it the next step your written and signed agreement is legally binding on its own 8the bottom linethe applicable federal rate exists to set a standard for what differentiates a gift from a loan check this rate before loaning money to anyone if you charge an interest rate less than this benchmark you may be subject to gift taxes correction april 9 2024 this article has been edited from a previous version that incorrectly referenced t bills with maturity terms of up to three years t bills have maturities of one year or less 