W. Va. Code R. § 106-11-5

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 106-11-5 - Cash Advance Charges

5.1. Lender Credit Cards. -- A lender may impose charges for a cash advance obtained by a consumer in connection with use of a lender credit card as a permissible additional charge. The charge may not, per occurrence, exceed one and one-half percent (1.5%) of the amount of the cash advance, or five dollars ($5), whichever is less. These charges are also subject to the monthly periodic finance charge if not paid upon initial billing.