Upon the renewal of a loan agreement in the instance when no additional principal is advanced, the original deed of trust is sufficient for the purpose of securing the loan, regardless of any change in the rate of interest.
Structure West Virginia Code
Article 1. Vendor's and Trust Deed Liens
§38-1-1. Vendor's Lien; Its Enforcement
§38-1-2. Form of Deed of Trust; Memorandum of Deed of Trust May Be Recorded
§38-1-3. Sales Under Trust Deeds
§38-1-4a. Statute of Limitations for Sales by Trustees
§38-1-6. Form of Trustee's Deed
§38-1-7. Application of Proceeds; Action to Recover a Deficiency
§38-1-8. Return of Account of Sale; Forfeiture of Commissions on Failure to Account
§38-1-8a. Reports by Trustee to County Clerk; Additional Information to Be Filed With Report of Sale
§38-1-9. Recordation of Account of Trustee
§38-1-10. Who May Require Trustee to Give Bond; New Trustee on Failure to Give; Notice
§38-1-11. Amount and Approval of Bond of Trustee; Recordation; Effect of Failure to Give
§38-1-12. Bond of New Trustee Appointed by Court; Recordation
§38-1-13. Substitution of Trustees Under a Trust Deed Securing a Debt
§38-1-15. Validity of Deed of Trust Upon Renewal of Loan
§38-1-16. Sale of Real Property Pursuant to a Deed of Trust; Preexisting Tenancy