Unless a person has first obtained a license from the commissioner authorizing the person to make regulated consumer loans, he or she may not engage in the business of:
(1) Making regulated consumer loans; or
(2) Taking assignments of or undertaking direct collection of payments from or enforcement of rights against consumers arising from regulated consumer loans: Provided, That the licensing provisions of this act do not pertain to any "collection agency" as defined in, and licensed by, the "Collection Agency Act of 1973" at W. Va. Code §§47-16-1 et seq.
Structure West Virginia Code
Chapter 46A. West Virginia Consumer Credit and Protection Act
Article 4. Regulated Consumer Lenders
§46A-4-101. Authority to Make Loans
§46A-4-102. License to Make Regulated Consumer Loans
§46A-4-103. Revocation, Suspension or Forfeiture of License
§46A-4-104. Records; Annual Reports
§46A-4-105. Examinations; Assessments and Investigations
§46A-4-106. Application of Administrative Procedures Act
§46A-4-107. Loan Finance Charge for Regulated Consumer Lenders
§46A-4-108. Use of Multiple Loan Agreements
§46A-4-110. Conduct of Business Other Than Making Loans