- Format:Webinar
- Education Type:Continuing Education
- Line of Authority:N/A
- Language:N/A
- Credit Hours:2
Consumers rely on the guidance of mortgage professionals as they navigate the loan process. Whether for a first-time home purchase or a refinance, most consumers only get a mortgage loan a couple of times over the course of their lives. As the industry changes, regulations emerge, and available products appear, adjust, or fade away, borrowers will turn to their mortgage loan originator to help keep them informed. Staying aware of the requirements that apply to loan transactions in their state is the best way for licensees to maintain a successful, compliant track record. This course will review the laws and regulations that apply to mortgage professionals doing business in West Virginia. This text will use requirements of the state’s laws as they are set forth in the West Virginia Code (WV Code).
What You'll Learn
- Consider the authority of the West Virginia Division of Financial Institutions to regulate mortgage professionals in the state
- Define key terms related to West Virginia mortgage business
- Recognize standards of required conduct for mortgage professionals in the state
- Recall the record retention requirements for West Virginia mortgage licensees
- Recognize provisions of the West Virginia Good Funds Settlement Act
- Identify prohibited acts and practices for licensees in the state and the disciplinary consequences that may result from violations
What's Included
State Requirements
Approved course ID:16274