West Virginia Mortgage Law Practice Test

What is the minimum required continuing education for mortgage loan originators in West Virginia on state-specific laws and regulations?

1. Two hours

2. Four hours

3. One hour

4. Three hours

The correct answer is: Two hours

The correct amount of required continuing education for mortgage loan originators in West Virginia on state-specific laws and regulations is indeed two hours. This requirement is established to ensure that loan originators remain current on important legal and regulatory developments that affect their profession and the mortgage industry within the state. This two-hour requirement emphasizes the importance of understanding local laws and compliance, which can vary significantly by state. Continuous education helps mortgage loan originators maintain their licenses and stay informed about updates or changes in legislation that could impact their practice. The other options reflect different amounts of hours that may not meet the specific requirements set forth by West Virginia regulations for this type of ongoing education.