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West Virginia Promissory Note

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West Virginia at a glance: Usury Limit: 8% per year · Governing Law: W. Va. Code § 47-6-5

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Overview

Promissory Notes in West Virginia

West Virginia sets the default legal rate of interest at 6% and the contract rate cap at 8% per year.
Key Facts

West Virginia Promissory Note — Quick Reference

RequirementWest Virginia Rule
Usury Limit8% per year
Governing LawW. Va. Code § 47-6-5
Legal Requirements

West Virginia Legal Requirements

  • Interest rates must stay at or below 8% per year.
Governing Laws

West Virginia Governing Laws

W. Va. Code § 47-6-5
Legal Interest Rate
Limits interest rates on written contracts to 8% per year.

Read the full text of these laws at Cornell Law School's West Virginia legal resources or your state legislature's official website.

Questions & Answers

West Virginia Promissory Note — Frequently Asked Questions

What is the usury limit in West Virginia?

The maximum rate for personal written loans is 8% per year.