West Virginia § 47-24-7 - 47-24-7. Consumer information and counseling.
Full text of West Virginia West Virginia Code § 47-24-7 — 47-24-7. Consumer information and counseling., with citation guidance and answers to common questions.
§ 47-24-7. 47-24-7. Consumer information and counseling.
(a) No reverse mortgage commitment shall be made by a lender unless the loan applicant attests, in writing that the applicant received from the lender at time of initial inquiry a statement prepared by the commissioner of banking, in consultation with the board of the West Virginia Housing Development Fund, regarding the advisability and availability of independent information and counseling services on reverse mortgages.
(b) The commissioner of banking, in conjunction with the West Virginia Housing Development Fund, shall be responsible for:
(1) Providing independent consumer information on reverse mortgages and alternatives; and
(2) Referring consumers to independent counseling services with expertise in reverse mortgages.
Source: official West Virginia text · Last verified 2026-08-27
Frequently Asked Questions About West Virginia § 47-24-7
What does West Virginia Code § 47-24-7 cover?
Section 47-24-7 ("47-24-7. Consumer information and counseling.") is part of the West Virginia Code, the codified statutory law of West Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite West Virginia § 47-24-7?
A common citation format is "West Virginia Code § 47-24-7" (West Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of West Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the West Virginia official source linked on this page or consult a licensed West Virginia attorney.
How does West Virginia § 47-24-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in West Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in West Virginia.