West Virginia Mortgage Law Practice Test 2025 - Free Mortgage Law Practice Questions and Study Guide

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Question: 1 / 400

What is the maximum application fee a West Virginia mortgage broker may charge?

$0

West Virginia mortgage brokers are not allowed to charge any application fees, this is why the correct answer is A. Option B, $150, and option D, $50, both involve a specific fee which goes against the state's regulations. Option C, $100, may seem like a reasonable answer but it is still not the maximum amount a mortgage broker can charge. Remember, the question is asking for the maximum fee allowed. Therefore, the correct answer is A, as it states that the maximum application fee a West Virginia mortgage broker may charge is $0.

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$150

$100

$50

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