WVC 17 A- 6 D- 5
§17A-6D-5. Applicant must be bonded.
An application for a license certificate must be accompanied
by a bond in the penal sum of twenty-five thousand dollars and have
a corporate surety authorized to do business in this state, to
ensure that the applicant will not, in the conduct of his or her
business, make any fraudulent representation which causes a
financial loss to any purchaser, seller, financial institution,
agency or the state of West Virginia. The bond shall be effective
on the date the license certificate is issued.
A licensee shall keep the bond in full force and effect at all
times. The surety on the bond may cancel the bond upon giving
thirty days' notice to the commissioner and, after notice of
cancellation, the surety is relieved of liability for any breach or
condition occurring after the effective date of the cancellation.
Note: WV Code updated with legislation passed through the 2012 1st Special Session