West Virginia Code
Chapter 47. Regulation of Trade
Article 24. The Reverse Mortgage Enabling Act

§47-24-1. Short Title - The article may be cited as the "Reverse Mortgage Enabling...

§47-24-2. Statement of Purpose - It is the intent of this legislation that elderly homeowners...

§47-24-3. Definition - "Reverse mortgage" means a nonrecourse loan secured by real property...

§47-24-4. General Rules for Reverse Mortgages - Reverse mortgage loans shall be governed by the following rules,...

§47-24-5. Inapplicability of Related Statutes and Law - Reverse mortgage loans may be made or acquired without regard...

§47-24-6. Treatment of Reverse Mortgage Loan Proceeds by Public Benefit Programs - Notwithstanding any law relating to payments, allowances, benefits or service...

§47-24-7. Consumer Information and Counseling - (a) No reverse mortgage commitment shall be made by a...

§47-24-8. Regulatory Authority and Exemptions - (a) All reverse mortgage loans subject to this article shall...