West Virginia Senate Bill SB 336

West Virginia 2026 Regular Session

• Introduced: 1/15/26
• Refer: 1/15/26

Caption

Division of Financial Institutions rule relating to residential mortgage lenders, brokers, and loan originators

Summary

SB 336 concerns a rule of the Division of Financial Institutions governing residential mortgage lenders, brokers, and loan originators. Based on the bill caption, the measure appears to address regulatory requirements for entities and individuals involved in residential mortgage lending, including licensing, conduct standards, or administrative oversight under the Division’s authority. Because the bill text is not available in the provided materials, the precise changes to existing law cannot be identified from the record here. In general, a bill of this type would affect the state’s mortgage regulatory framework by clarifying or updating rules that apply to mortgage lenders, mortgage brokers, and loan originators, and by potentially altering compliance obligations, enforcement procedures, or consumer-protection standards in the residential mortgage market.

Impact

SB 336 would likely affect provisions of West Virginia law administered by the Division of Financial Institutions relating to residential mortgage lending and brokerage activity. The practical impact would fall on licensed mortgage lenders, brokers, and loan originators, as well as consumers seeking home loans, by changing the regulatory standards those market participants must follow. Without the bill text, the specific statutory sections amended or the exact rule changes cannot be confirmed.

Sentiment

No committee transcript or vote record was provided, so there is no direct evidence of support or opposition in the available materials. The bill’s referral to Judiciary suggests it was under legal review, but the overall sentiment cannot be reliably characterized beyond noting that it is a regulatory measure affecting the mortgage industry.

Contention

No specific points of contention are documented in the provided record. In bills regulating mortgage lending, common areas of debate include licensing burdens, compliance costs, consumer protections, enforcement authority, and whether the rule unduly affects lenders, brokers, or loan originators; however, those issues are not expressly identified here.