Updated on 6/9/2021
This article helps plaintiffs and attorneys alike learn more about lawsuit loans in West Virginia. Below you will find the following information:
Lawsuit funding laws, regulation and relevant ethics opinions in West Virginia
West Virginia’s interest rate cap of 18% APR has made it nearly impossible for pre-settlement loan companies to operate in the state. A few companies still claim to provide funding in the state, but this may be an error on their part.
Laws regarding lawsuit loans in West Virginia
Senate Bill 360 was passed into law in 2019. Lawsuit lending companies must register with the state to conduct business in West Virginia. Lawsuit loan companies are now prohibited from charging interest rates in excess of 18% per year in the state.
Source: Senate Bill 360
Can a lawyer lend money to a client in West Virginia?
Attorneys in West Virginia cannot grant financial assistance to clients with pending litigation.
Source: West Virginia Rules of Professional Conduct Rule 1.8(e)
Lawsuit loan companies serving West Virginia
Recommended lawsuit loan companies funding West Virginia residents
Compare Lawsuit Loans’ recommended funding companies do not operate in West Virginia at this time
Lawsuit loan companies located in West Virginia
Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in West Virginia. Local funding companies interested in being included on this page may contact us at [email protected]