West Virginia Mortgage Law Practice Test

Which of these is not a prohibited practice under West Virginia law?

1. Charging excessive fees beyond the state limit

2. Disclosing confidential information without consent

3. Failing to account for money belonging to a party to the transaction

4. Signing the borrower's name on documents

The correct answer is: Charging excessive fees beyond the state limit

Charging excessive fees beyond the state limit is not a prohibited practice under West Virginia law. In fact, it is important to adhere to the state limit and not charge fees beyond what is legally allowed to ensure compliance with regulations. This practice is not prohibited as long as it remains within the set limits. The other options are prohibited practices under West Virginia law. disclosing confidential information without consent, failing to account for money belonging to a party to the transaction, and signing the borrower's name on documents are all actions that are prohibited and can lead to legal consequences.