On 03/27/2008, the state of West Virginia enacted SB 292. The new law authorizes the Commissioner of Banking to make a claim for an unpaid civil administrative penalty or an unpaid assessment invoice against a mortgage lender’s license bond. The law in place allows claims against the bond directly from consumers. The new law became active on June 7, 2008.
West Virginia Mortgage Lender License Bond Amendment
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Category: Commercial Bonds, Mortgage Banker Bonds, Surety News
Tags: bond requirements, legislation, mortgage banker, mortgage lender, surety bond, west virginia, west virginia mortgage broker bond, wv


