Personal loans in West Virginia
Consumer lending in West Virginia is regulated by the West Virginia Division of Financial Institutions. Below are the sourced rules that affect what a lender can charge you, followed by the cities we cover.
Lending rules in West Virginia
| Payday lending | No specific payday lending statute; lenders must comply with the state's interest-rate cap on consumer loans, which effectively bars high-cost payday lending. NCSL lists this jurisdiction among those with no specific payday lending statute and/or an applicable consumer-loan rate cap.Source: National Conference of State Legislatures · as of 2023 |
|---|---|
| Small-loan / installment licensing | Consumer lenders must obtain a state license (Yes). Statutory basis: W. Va. Code §§ 46A-1-101 et seq. Licensing administered through NMLS: No.Source: Conference of State Bank Supervisors · as of 2026 |
| Interest rate cap (usury limit) | Usury limit: 6% unless the parties contract in writing otherwise (W. Va. Code § 47-6-5). Finance rates and fees for licensed lenders: 31% per annum on loans of $3,500 or less 27% per annum on loans between $3,500-$15,000 18% per annum on loans exceeding $15,000. CSBS 50-state survey of consumer finance laws; state-verified usury catalog.Source: Conference of State Bank Supervisors · as of 2026 |
| Consumer lending regulator | Consumer lenders in West Virginia are licensed and supervised by the West Virginia Division of Financial Institutions.Source: Conference of State Bank Supervisors · as of 2026 |
| Debt collection rules | Third-party debt collectors must comply with the federal Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq.; state consumer-protection and debt-collection enforcement is handled by the West Virginia Office of the Attorney General. The FDCPA expressly authorizes state attorneys general to enforce it (15 U.S.C. § 1692l). Some states also require collection agencies to be licensed.Source: West Virginia Office of the Attorney General · as of 2026 |
| Military lending protections | The federal Military Lending Act (MLA) caps the Military Annual Percentage Rate (MAPR) at 36% for consumer credit extended to active-duty service members, their spouses and certain dependents, and bars mandatory arbitration and prepayment penalties on covered loans. Federal protection that applies nationwide, including in this state.Source: Consumer Financial Protection Bureau · as of 2024 |
| Complaint / licensing lookup | Check whether a lender holds a state license through NMLS Consumer Access (nmlsconsumeraccess.org) or the West Virginia Division of Financial Institutions; consumers can file complaints with the West Virginia Division of Financial Institutions or the CFPB at consumerfinance.gov/complaint.Source: Nationwide Multistate Licensing System (NMLS) Consumer Access · as of 2026 |
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Cities in West Virginia
HuntingtonCharlestonMorgantownWheelingParkersburgWeirtonMartinsburgFairmontBeckleyClarksburgTeays ValleySouth CharlestonSt. AlbansViennaCheat LakeBluefieldCross LanesBridgeportOak HillMoundsvilleDunbarElkinsHurricanePea RidgeNitroBrookhavenCharles TownPrincetonRansonBuckhannonNew MartinsvilleKeyserGraftonBarboursvillePoint PleasantWestoverWestonLewisburgRavenswoodPinchBlennerhassettSummersvillePleasant ValleyShannondaleSissonvilleShady SpringWinfieldRipleyKingwoodWilliamsonKenovaWelchMoorefieldWilliamstownPhilippiMadisonCullodenFayettevilleFollansbeeInwoodMiltonWhite Sulphur SpringsFalling WatersRichwoodBethlehemPetersburgPaden CityWellsburgBluewellChesterHintonShinnstonMullensStonewoodMineralwellsHooverson HeightsCraigsvilleSpencerCrab OrchardSt. MarysTerra AltaRomneyStar CitySalemBelingtonBradleyChesapeakeHarrisvilleLoganGlen DaleMcMechenNutter FortManningtonMontgomeryWest LibertyFairleaGranvilleMacArthurMarmetMabscottNew HavenShepherdstownHamlinParsonsMount Gay-ShamrockBoazCoal ForkCoal CityEleanorLavaletteRonceverteProsperityBarrackvilleSistersvilleFort AshbyCassvilleBeaverPennsboroDanielsBelleOceanaMarlintonCeredoAddisonClendeninBolivarBenwoodShenandoah JunctionNewellSophiaMalloryRainelleWashingtonArthurdaleGlenvilleEnterpriseAnstedWayneStanafordAlum CreekManAthensLubeckNew CumberlandRupertDespardAldersonSpragueCarpendaleTornadoBethanySmithersMonongahMount HopeWhite Hall
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