- June 29, 2017
- All West Virginia Issuing Offices
- LEGISLATIVE UPDATE - Selected West Virginia Legislative Changes for 2017
Below are some of the legislative changes made by the West Virginia Legislature in 2017 that are being brought to your attention:
- Senate Bill 588 Effective July 4, 2017, amends and reenacts 59-1-10 a(1) of the WVA Code to increase the recording fee from $15.00 to $25.00 for a deed of conveyance (with or without a plat), deed of trust, fixture filing or security agreement concerning real estate leases. The increase applies only to the documents listed and will apply to such listed documents recorded on or after July 4, 2017, regardless of when executed.
- House Bill 2404 Effective July 5, 2017, amends and reenacts 36-1-20 and 42-4-2 of the WVA Code barring persons who are convicted of certain criminal offenses from acquiring property from their victims through joint tenancy or inheritance; and creating exceptions.
- Senate Bill 658 Effective July 5, 2017, amends and reenacts 17A-3-12b of the WVA Code establishing a procedure whereby mobile and manufactured homes may be retitled provided certain conditions are met. This section, provided certain conditions are met, allows an owner of a mobile or manufactured home, which title has been previously surrendered or canceled, to apply for a reinstated title in order to sever the mobile or manufactured home from real property.
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THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.