Loading...DOWNLOAD this West Virginia Promissory Note Form to establish an agreement to lend and borrow money between West Virginia residents. The note form allows pre-payment of the loan without penalty as well as a choice as to whether or not collateral will be used to secure the loan. The parties may also negotiate the method of repayment and the term of the loan.
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The legal rate of interest in West Virginia is 6% per year when there is no written agreement between the parties. The maximum amount of interest allowed with a written agreement is 8% per year. WV ST § 47-6-5