36B-4-101 Applicability; waiver
36B-4-102 Liability for public offering statement requirements
36B-4-103 Public offering statement; general provisions
36B-4-104 Same — Common interest communities subject to development rights
36B-4-105 Same — Time shares
36B-4-106 Same — Common interest communities containing conversion buildings
36B-4-107 Same — Common interest community securities
36B-4-108 Purchaser’s right to cancel
36B-4-109 Resales of units
36B-4-110 Escrow of deposits
36B-4-111 Release of liens
36B-4-112 Conversion buildings
36B-4-113 Express warranties of quality
36B-4-114 Implied warranties of quality
36B-4-115 Exclusion or modification of implied warranties of quality
36B-4-116 Statute of limitations for warranties
36B-4-117 Effect of violations on rights of action; attorney’s fees
36B-4-118 Labeling of promotional material
36B-4-119 Declarant’s obligation to complete and restore
36B-4-120 Substantial completion of units
contract signature

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Terms Used In West Virginia Code > Chapter 36B > Article 4 - Protection of Purchasers

  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Service of process: The service of writs or summonses to the appropriate party.
  • State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10