West Virginia Mortgage Law Practice Test

Disable ads (and more) with a membership for a one time $4.99 payment

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.

Within how many days must the Commissioner approve or deny a completed license application?

30 days
60 days
45 days
90 days

The correct answer is: 30 days

The correct answer is 30 days because according to West Virginia mortgage licensing regulations, the Commissioner is required to take action on a completed license application within this timeframe. This provision ensures that applicants receive timely feedback on their licensing status, facilitating efficient processing and minimizing delays in obtaining a mortgage license. This timeframe is important for maintaining transparency and accountability in the licensing process, allowing both the Commissioner and the applicants to adhere to a clear timeline for application decisions.