Bill

Bill > HB4237


WV HB4237

WV HB4237
Relating to authorizing the Division of Financial Institutions to promulgate a legislative rule relating to residential mortgage lenders, brokers, and loan originators.


summary

Introduced
01/14/2026
In Committee
01/14/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

The purpose of this bill is to authorize the Division of Financial Institutions to promulgate a legislative rule relating to residential mortgage lenders, brokers, and loan originators.

AI Summary

This bill authorizes the Division of Financial Institutions, a state agency that oversees financial services, to officially adopt a legislative rule concerning residential mortgage lenders, brokers, and loan originators. This rule, which has already been filed with the State Register on July 24, 2025, and subsequently modified and refiled on September 10, 2025, to address concerns from the Legislative Rule-Making Review Committee, will now be formally enacted under the authority granted by West Virginia code section 31-17-3. The purpose of this legislative action is to provide a clear and legally binding framework for these entities involved in the mortgage industry.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Standing Committee on Finance Meeting (17:00:00 2/24/2026 House Finance Committee Room) (on 02/24/2026)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...