West Virginia Promissory Note Templates

The free West Virginia promissory note templates are available as .PDF or Word downloads. The templates are designed to be used to create secured or unsecured notes (for use in the State of West Virginia). If you are entering a loan, and the borrower is pledging collateral (i.e. security), use the secured note template. Otherwise, use the unsecured template. Learn how to properly format and draft secured and unsecured notes by following the links posted on this page.

Usury Rate – Under West Virginia Code 47-6-5, the maximum interest rate that can be charged (without a contract) is six percent 6%. If there is a contract, the maximum rate is eight percent (8%).



West Virginia Secured Promissory Note Template

West Virginia Secured Promissory Note Template

The West Virginia Secured Promissory Note Template is a contractual document used to establish a legally enforceable loan agreement. The principal sum, interest rate, payment frequency, and other terms are all contained within the document. Note: Only use the secured template if you’re entering into an agreement where the borrower will be providing some form of […]

West Virginia Unsecured Promissory Note Template

West Virginia Unsecured Promissory Note Template

The West Virginia Unsecured Promissory Note Template can be used to create an unsecured note (which is essentially a type of loan agreement). Promissory notes outline the terms of a loan, and create a written record of the agreement between lender/borrower. Notes are legally enforceable documents (only if they have been drafted properly, and signed by […]