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!

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Which of the following is not considered a prohibited act under West Virginia's SAFE Mortgage Licensing Act?

  1. Advertising specific interest rates, points, or financing terms that are not available

  2. Conducting business without a valid license

  3. Fraud or misrepresentation

  4. Obtaining property by fraud or misrepresentation

The correct answer is: Advertising specific interest rates, points, or financing terms that are not available

This means that advertising specific interest rates, points, or financing terms that are not available is not considered a prohibited act under West Virginia's SAFE Mortgage Licensing Act. However, it is important to note that conducting business without a valid license, fraud, and obtaining property by fraud are all prohibited acts under this act. This makes Option A the only incorrect answer, as it is not a prohibited act.

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