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
August 24, 2009 by Eric Weisbrot
Category: Commercial Bonds, Mortgage Banker Bonds, Surety NewsTags: bond requirements, legislation, mortgage banker, mortgage lender, surety bond, west virginia, wv |
