IMPORTANT: West Virginia increased the number of hours to renew a license as of June 1, 2018. This course meets the new requirements. This course will focus on the laws and rules that regulate mortgage loan originators doing business in West Virginia. In Module 1, students will examine the authority of the West Virginia Division of Financial Institutions and important definitions under the law. Students will also review required conduct for mortgage licensees, including duties related to license renewal, tangible net benefit, disclosures, and repayment ability. In Module 2, students will review recordkeeping requirements, prohibited practices for licensees, and disciplinary actions, as well as the Good Funds Settlement Act. This course satisfies the two-hour West Virginia-specific continuing education requirement for loan originators, as specified by West Virginia law.