W. Va. Code R. § 106-19-12

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

Section 106-19-12 - Availability of Reverse Mortgage Loans

12.1. Advertising and Promotional Materials. -- Lenders shall maintain copies of all advertising and promotional materials for all reverse mortgage loans for a period of two years commencing from the first date that the material was used to solicit reverse mortgage loans.

12.2. Retention of Applications.-- Lenders shall maintain an application log for all applications. In addition, the lender shall maintain rejected mortgage applications files for a minimum of twenty-five months from the date of notice of the rejection.