West Virginia Mortgage Law Practice Test

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Study effectively for your West Virginia Mortgage Law Exam with our quiz offering flashcards and a variety of multiple-choice questions, detailed hints, and thorough explanations. Position yourself for success with our targeted study materials!

Practice this question and more.

In West Virginia, proof of all hazard insurance obtained in connection with a loan must be provided to the borrower within how many days from the date of application for coverage?

15 days
30 days
45 days
60 days

The correct answer is: 15 days

In West Virginia, the requirement for providing proof of all hazard insurance to the borrower is set at 15 days from the date of application for coverage. This timeline ensures that borrowers are quickly informed about their insurance status, which is crucial for protecting the collateral of the loan and ensuring that the borrower is aware of their insurance obligations. This rapid response aligns with the broader goals of transparency and consumer protection in the mortgage process. Keeping the timeframe concise helps facilitate smooth transactions and allows borrowers to address any concerns about their insurance promptly. Thus, 15 days is the correct timeframe established by West Virginia law to ensure borrowers are adequately informed.