W. Va. Code R. § 106-18-1

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

Section 106-18-1 - General

1.1. Scope. -- This rule regulates certain conduct in the acquisition of property by financial institutions through foreclosure or surrender of deed or otherwise in satisfaction of debt previously contracted and establishes standards for the proper valuation by state-chartered banks of real estate obtained for sale or use.

1.2. Authority. -- W. Va. Code ''31A-4-13 and 31A-2-4(c)(11).

1.3. Filing Date. -- April 18, 1994.

1.4. Effective Date. -- May 19, 1994.

W. Va. Code R. § 106-18-1