West Virginia Mortgage Law Practice Test

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Prepare for the West Virginia Mortgage Law Practice Test. Study with flashcards and multiple-choice questions, each with hints and explanations. Get ready for your exam!

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For how long are licensees required to retain records in West Virginia?

12 months
36 months
24 months
48 months

The correct answer is: 12 months

In West Virginia, licensees are required to retain records for a period of 12 months. The other options of retaining records for 36, 24, or 48 months are not correct as they go beyond the required time period. This means that licensees should not keep records for longer than 12 months as it is not in compliance with state regulations. Keeping records for a longer period can also be burdensome and may create unnecessary clutter. Therefore, it is important for licensees to only retain records for the required time frame of 12 months in West Virginia.