Senate Bill No. 334
(By Senators Ross, Minard,
Snyder, Unger, Boley and Minear)
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[Introduced January 30, 2004; referred to the
Committee on
Banking and Insurance; and then to the Committee on the
Judiciary.]
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A BILL to amend and reenact article 7, chapter 64 of the code of
West Virginia, 1931, as amended, relating to authorizing the
division of banking to promulgate a legislative rule relating
to residential mortgage lenders, brokers and loan originators.
Be it enacted by the Legislature of West Virginia:
That article 7, chapter 64 of the code of West Virginia, 1931,
as amended, be amended and reenacted to read as follows:
ARTICLE 7. AUTHORIZATION FOR DEPARTMENT OF TAX AND REVENUE TO
PROMULGATE LEGISLATIVE RULES.
§64-7-1. Division of banking.
The legislative rule filed in the state register on the
fifteenth day of July, two thousand three, authorized under the
authority of section three, article seventeen, chapter thirty-one,
of this code, modified by the division of banking to meet the
objections of the legislative rule-making review committee and
refiled in the state register on the twentieth day of January, two thousand four, relating to the division of banking (residential
mortgage lenders, brokers and loan originators, 106 CSR 5), is
authorized.
NOTE: The purpose of this bill is to authorize the Division of
Banking to promulgate a legislative rule relating to Residential
Mortgage Lenders, Brokers and Loan Originators.
This section is new; therefore, strike-throughs and
underscoring have been omitted.