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!

Practice this question and more.

Within how many days must the Commissioner approve or deny a completed license application?

30 days
60 days
45 days
90 days

The correct answer is: 30 days

The correct answer is 30 days because according to West Virginia mortgage licensing regulations, the Commissioner is required to take action on a completed license application within this timeframe. This provision ensures that applicants receive timely feedback on their licensing status, facilitating efficient processing and minimizing delays in obtaining a mortgage license. This timeframe is important for maintaining transparency and accountability in the licensing process, allowing both the Commissioner and the applicants to adhere to a clear timeline for application decisions.