A single violation of the West Virginia S.A.F.E. Act may result in a civil administrative penalty of up to what amount?

The maximum civil administrative penalty for a single violation of the West Virginia S.A.F.E. Act is set at $250,000. This reflects the seriousness with which regulatory bodies view compliance with the act, which is designed to ensure transparency, fairness, and integrity in the mortgage lending process.

The S.A.F.E. Act's rigorous standards underscore the significance of maintaining ethical practices within the mortgage industry. Therefore, when violations occur, the substantial penalties serve both as a deterrent against non-compliance and as a means to encourage adherence to the laws aimed at protecting consumers.

Other amounts listed do not reflect the maximum penalty established under these regulations, which is set at $250,000, thereby highlighting the severity of single violations for mortgage loan originators.