West Virginia Mortgage Law Practice Test

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Prepare for the West Virginia Mortgage Law Exam with our comprehensive test. Study using various questions and insights to strengthen your understanding of mortgage regulations and laws in West Virginia. Gear up and ensure you pass your exam!

Practice this question and more.

Under West Virginia law, which of the following services is NOT provided by a credit services organization?

Arrange a loan for a buyer
Obtain a forbearance or loan forgiveness for a buyer
Obtain an extension of credit for a buyer
Provide credit history improvements

The correct answer is: Arrange a loan for a buyer

A credit services organization in West Virginia is a company that assists buyers in obtaining credit or improving their credit history. Services such as arranging loans, obtaining forbearance or loan forgiveness, and obtaining extensions of credit are all specifically mentioned as being provided by a credit services organization in West Virginia. However, arranging a loan for a buyer is not listed as a service provided, making option A incorrect. It is important to carefully review and understand all the services provided by a credit services organization to ensure that all necessary assistance is received.