(a) Whenever the commissioner refuses to issue a license, or suspends or revokes a license, he shall make and enter an order to that effect and shall cause a copy of the order to be served in person or by certified mail, return receipt requested, or in any other manner in which process in a civil action in this state may be served, on the applicant or licensee, as the case may be. The commissioner shall also submit a copy of any such order for publication by the Nationwide Mortgage Licensing System and Registry.
(b) It shall be the duty of the licensee to comply with any such order: (i) Immediately if the license was suspended either following a hearing or for failure to keep the bond required by the provisions of section four of this article in full force and effect; or otherwise (ii) following expiration of the period provided in section fourteen of this article in which such licensee, if not previously provided the opportunity to a hearing on the matter, may demand a hearing before the commissioner without such demand having been timely made.
Structure West Virginia Code
Article 17. West Virginia Residential Mortgage Lender, Broker and Servicer Act
§31-17-1. Definitions and General Provisions
§31-17-2. License Required for Lender and Broker Originator; Exemptions
§31-17-5. Refusal or Issuance of License
§31-17-7. License Not Transferable or Assignable; License May Not Be Franchised; Renewal of License
§31-17-9. Disclosure; Closing Statements; Other Records Required; Record-Keeping Requirements
§31-17-10. Advertising Requirements
§31-17-11. Records and Reports; Examination of Records; Analysis
§31-17-13. Notice of Refusal, or Suspension or Revocation, of License; Relinquishing License
§31-17-14. Hearing Before Commissioner; Provisions Pertaining to Hearing
§31-17-16. Actions to Enjoin Violations
§31-17-17. Loans Made in Violation of This Article Void; Agreements to Waive Article Void