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!

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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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