West Virginia Mortgage Law Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Start Multiple Choice Practice Test
Start Flash Cards

Practice this question and more.

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.

More Questions Like This