West Virginia House Bill 2412 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 13 2013 - 25% progression, died in committee
Action: 2013-02-13 - To House Banking and Insurance
Pending: House Banking & Insurance Committee
Text: Latest bill text (Introduced) [HTML]

The purpose of this bill is to ensure that West Virginia borrowers are provided accurate notice of their right to cure a default on any installment or other secured obligation and to encourage more careful scrutiny on the part of creditors over the calculation of the amount due from the borrower in order to cure the default. The bill lengthens the time from ten to twenty days when a default may be cured. The bill requires the creditor to accurately state the amount owed and that the amount is also legally due. The bill requires the creditor to certify the date when the notice to the borrowers right to cure the default was sent. The bill also establishes penalties.

Ensuring that borrowers are provided accurate notice of their right to cure a default on any installment or other secured obligation

Del. Clif Moore [D]

Del. Douglas Reynolds [D]

Date	Chamber	Action
2013-02-13	House	To House Banking and Insurance
2013-02-13	House	Introduced in House
2013-02-13	House	To Banking and Insurance then Judiciary
2013-02-13	House	Filed for introduction

Chapter	Article	Section	Citation Type	Statute Text
46A	2	106	Amended Code	Citation Text

Type	Source
Summary	http://www.legis.state.wv.us/Bill_Status/Bills_history.cfm?input=2412&year=2013&sessiontype=RS&btype=bill
Text	http://www.legis.state.wv.us/Bill_Status/bills_text.cfm?billdoc=hb2412%20intr.htm&yr=2013&sesstype=RS&i=2412