West Virginia Code > Chapter 47A > Article 1 – Lending and Credit Rate Board


47A-1-1	Legislative findings; creation, membership, powers and duties of board; termination of board
47A-1-2	Board staff, offices, funding
47A-1-3	Report to and review by Legislature; validity of contracts; usury
47A-1-4	Applicability of the West Virginia Administrative Procedures Act; legislative and judicial review

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Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
Contract: A legal written agreement that becomes binding when signed.
Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. ^{Source: OCC}
Forbearance: A means of handling a delinquent loan. A
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
Testify: Answer questions in court.
Usury: Charging an illegally high interest rate on a loan. ^{Source: OCC}