West Virginia Mortgage Law Practice Test

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Which of these is NOT a prohibited practice under West Virginia law?

  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

West Virginia law prohibits conducting business without a valid license, fraud or misrepresentation, and obtaining property by fraud or misrepresentation. Therefore, the other options B, C, and D are all prohibited practices under West Virginia law. Option A, advertising specific interest rates, points, or financing terms that are not available, is not explicitly stated as a prohibited practice under West Virginia law. However, it could be considered a deceptive business practice and therefore could potentially be prohibited under other laws or regulations.

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