§51-6-4. Interest on money loaned.
The interest on all loans made to individuals under an order
of court shall become due and payable on the first day of January
in each year, until the principal is paid; and unless the interest
be paid at the time it becomes due and payable compound interest
shall be charged thereon to the borrower from such time until
payment thereof is made.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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