Article 17 - WEST VIRGINIA RESIDENTIAL MORTGAGE LENDER, BROKER AND SERVICER ACT
- Section 31-17-1 - [Effective Until 6/3/2024] Definitions and general provisions
- Section 31-17-1 - [Effective 6/3/2024] Definitions and general provisions
- Section 31-17-2 - License required for lender and broker originator; exemptions
- Section 31-17-3 - [Effective Until 6/3/2024] Supervision by Commissioner of Banking; rules and regulations; personnel; participation in the Nationwide Mortgage Licensing System and Registry
- Section 31-17-3 - [Effective 6/3/2024] Supervision by Commissioner of Financial Institutions; rules and regulations; personnel; participation in the Nationwide Multistate Licensing System and Registry
- Section 31-17-4 - [Effective Until 6/3/2024] Applications for licenses; requirements; bonds; fees; renewals; waivers and reductions; per loan fee
- Section 31-17-4 - [Effective 6/3/2024] Applications for licenses; requirements; bonds; fees; renewals; waivers and reductions; per loan fee
- Section 31-17-4a - [Effective 6/3/2024] Information requirements for certain individuals and change in control
- Section 31-17-5 - Refusal or issuance of license
- Section 31-17-6 - [Effective Until 6/3/2024] Minimum net worth to be maintained; bond to be kept in full force and effect; foreign corporation to remain qualified to do business in this state
- Section 31-17-6 - [Effective 6/3/2024] Minimum tangible net worth to be maintained; bond to be kept in full force and effect; foreign corporation to remain qualified to do business in this state
- Section 31-17-7 - [Effective Until 6/3/2024] License not transferable or assignable; license may not be franchised; renewal of license
- Section 31-17-7 - [Effective 6/3/2024] License not transferable or assignable; license may not be franchised; renewal of license
- Section 31-17-8 - Maximum interest rate on subordinate loans; prepayment rebate; maximum points, fees and charges; overriding of federal limitations; limitations on lien documents; prohibitions on primary and subordinate mortgage loans; civil remedy
- Section 31-17-9 - Disclosure; closing statements; other records required; record-keeping requirements
- Section 31-17-10 - Advertising requirements
- Section 31-17-11 - [Effective Until 6/3/2024] Records and reports; examination of records; analysis
- Section 31-17-11 - [Effective 6/3/2024] Records and reports; examination of records; analysis
- Section 31-17-12 - Grounds for Suspension or Revocation of License; Suspension and Revocation Generally; Reinstatement or New License; Penalties and Fines for Violation of This Article
- Section 31-17-13 - Notice of refusal, or suspension or revocation, of license; relinquishing license
- Section 31-17-14 - Hearing before commissioner; provisions pertaining to hearing
- Section 31-17-15 - Judicial review
- Section 31-17-16 - Actions to enjoin violations
- Section 31-17-17 - Loans made in violation of this article void; agreements to waive article void
- Section 31-17-18 - Violations and penalties
- Section 31-17-19 - Severability
- Section 31-17-20 - Effective date