02/16/2011 – 02/23/2011
House Bill 2882 will allow the Commissioner of Banking to assess state banks on a quarterly basis instead of a semi-annual basis. The bill will establish additional assessment dates on April 1 and Oct. 1. The commissioner will also have to prepare and send all banking assessments by March 15 and Sept. 15.
House Bill 2962 will increase the amount of a fine or penalty the Commissioner of Banking may impose on residential mortgage brokers and lenders for certain article violations. These violations are in relation to the West Virginia Residential Mortgage Lender, Broker and Server Act.
