West Virginia Promissory Note Templates

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Updated June 13, 2022

West Virginia promissory notes are documents designed to ensure the parties in a monetary loan transaction are clear on the terms and conditions of the agreement to minimize the chance of default.

Usury Rate – Legal interest rate is 6% but parties may agree to a maximum of 8% in a written agreement.

LawsW. Va. Code § 47-6-5

Types (2)

Secured Promissory Note – Includes a section that requires security to be declared. Items used as security typically consist of homes, vehicles, or boats. The item in security is given to the lender if the borrower cannot repay the loaned balance.

Download: Adobe PDF, MS Word (.docx), OpenDocument



Unsecured Promissory Note – This note does not include security. If the borrower were to default on the balance, the lender would have no sure-fire way of being reimbursed the loaned balance. Because of this, lenders should take extra caution when deciding whom to lend money.

Download: Adobe PDF, MS Word (.docx), OpenDocument


Usury Rate

The legal rate of interest in West Virginia is 6% per year when there is no written agreement between the parties and if there is a written agreement is 8% per year. WV ST § 47-6-5

(Video) What is a West Virginia Promissory Note?

How to Write –

Step 1 – Download the West Virginia note document – Submit:

  • The start date of the form – in dd/m/yy format
  • The Borrower’s name
  • Mailing address
  • AND
  • Lender’s name
  • Mailing address
  • AND
  • Enter the total sum of the principal
  • Submit the unpaid sum of the annual percentage rate (APR)

Step 2 – Payments –

  • Enter the balance of the note to be satisfied by the due date
  • Include the sum of all accrued interest and late fees

Installments –

Payment method – Provide the final date for the note to be paid in full, in dd/m/yy format

  • The full amount to be paid in full
  • The total sum of the principal
  • Choose the best payment frequency and check the box
  • Submit the amount that would be required of the borrower for late fees

Step 3 –  Security-

  • Check “Secured”or “Unsecured”
  • If the note is required to be a“secured,” agreement, provide a property description

Step 4 – Titled Sections and Subsections –

  • Interest due in the Event of Default
  • Allocation of Payments
  • Prepayment
  • Acceleration (and 6A.)
  • Attorney’s Fees and Costs
  • Waiver of Presentments
  • Non-Waiver
  • Severability
  • Integration
  • Conflicting Terms
  • Notice
  • Co-Signer – Name of co-signer
  • Execution
  • Governing Law – (State Laws of West Virginia)

Step 5 – Signatures – Submit signatures before a witness, as follows:

  • Lender’s signature
  • Date of signature in mm/dd/yyyy format
  • Print name
  • AND
  • Borrower’s signature
  • Date of signature – mm/dd/yyyy
  • Print name
  • AND
  • Co-signer  signature
  • Date signature in dd/mm/yyyy format
  • Print name
  • AND
  • Witness’ signature
  • Date of witness’ signature in mm/dd/yyyy format
  • Print name