West Virginia 2026 Session Status: Enacted 1 R cosponsors

SB 573 — Relating to requirements for disclosures and recordkeeping by persons making mortgage loans

Last action — Chapter 149, Acts, Regular Session, 2026

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House of Delegates
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 22, 2026. Enacted.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 72% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill establishes new disclosure and recordkeeping requirements for mortgage loan providers.

This bill sets out specific rules for what information mortgage lenders must disclose and how they should keep records. It aims to ensure transparency and accountability in the mortgage lending process.

What this means for you
  • Consumers: This means consumers will receive clearer information about their mortgage loans and the lending process.

Summary

Relating to requirements for disclosures and recordkeeping by persons making mortgage loans

Bill Text

What changed in the latest version

55 added · 37 removed

Plain-language change summary

The updated version of Bill SB 573 clarifies that a federal closing disclosure can be used to meet state requirements for mortgage documentation, eliminating the need for a separate state-specific disclosure if it includes all necessary information. This change simplifies the process for borrowers and lenders by streamlining paperwork and reducing potential confusion. Additionally, the bill ensures that borrowers can request account statements in a timely manner, promoting transparency and easier communication regarding their mortgage status.

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Latest
WEST VIRGINIA LEGISLATURE REGULAR SESSION Committee Substitute for Senate Bill 573 BYSENATORAZINGER [Reported January 29, 2026, from the Committee on Banking and Insurance] CS for SB 573 A BILL to amend and reenact §31-17-9 of the Code of West Virginia, 1931, as amended, relating to requirements for disclosures and recordkeeping by any licensee or person making a mortgage loan;
WEST VIRGINIA LEGISLATURE REGULAR SESSION Enrolled Committee Substitute for Senate Bill 573 BYSENATORAZINGER [Passed March 12, 2026;
in effect 90 days from passage (June 10, 2026)] Enr CS for SB 573 AN ACT to amend and reenact §31-17-9 of the Code of West Virginia, 1931, as amended, relating to requirements for disclosures and recordkeeping by any licensee or person making a mortgage loan;
CS for SB 573 (8) The charge to be imposed for past-due installments, including the late payment penalty maximum;
Enr CS for SB 573 (8) The charge to be imposed for past-due installments, including the late payment penalty maximum;
Providing a HUD 1 or HUD 1A settlement statement the closing disclosure required by the Truth-In-Lending Act (TILA)- Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure (TRID) Rules or applicable federal closing disclosure that provides the disclosures loan details required by this subsection, including the late payment penalty language set forth by §46A-3-112 and §46A-3-113 of this code, and the residential mortgage disclosures required by federal law is considered to meet the requirements of this subsection.
Providing the closing disclosure required by the Truth-In-Lending Act (TILA)-Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure (TRID) Rules or applicable federal closing disclosure that provides the loan details required by this subsection, including the late payment penalty language set forth by §46A-3-112 and §46A-3-113 of this code, is considered to meet the requirements of this subsection.
(b) Upon written request from the borrower, the holder of a primary or subordinate mortgage loan instrument shall deliver to the borrower, within 10 business days from and after CS for SB 573 receipt of the written request, a statement of the borrower's account as required by §46A-2-114 of this code.
(b) Upon written request from the borrower, the holder of a primary or subordinate mortgage loan instrument shall deliver to the borrower, within 10 business days from and after receipt of the written request, a statement of the borrower's account as required by §46A-2-114 of this code.
(c) Upon satisfaction of a primary or subordinate mortgage loan obligation in full, the holder of the instrument evidencing or securing the obligation shall comply with the requirements of §38- 12-1 of this code in the prompt release of the lien which had secured the primary or subordinate mortgage loan obligation.
Enr CS for SB 573 (c) Upon satisfaction of a primary or subordinate mortgage loan obligation in full, the holder of the instrument evidencing or securing the obligation shall comply with the requirements of §38- 12-1 of this code in the prompt release of the lien which had secured the primary or subordinate mortgage loan obligation.
Enr CS for SB 573 The Clerk of the Senate and the Clerk of the House of Delegates hereby certify that the foregoing bill is correctly enrolled.
...............................................................
Clerk of the Senate ...............................................................
Clerk of the House of Delegates Originated in the Senate.
In effect 90 days from passage.
...............................................................
President of the Senate ...............................................................
Speaker of the House of Delegates __________ The within is ................................................
this the...........................................
Day of ..........................................................................................................., 2026.
.............................................................
Governor 5
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Action History

  1. Filed for introduction

  2. To Banking and Insurance

  3. Introduced in Senate

  4. To Banking and Insurance

  5. Committee substitute reported

  6. On 1st reading

  7. Read 1st time

  8. On 2nd reading

  9. Read 2nd time

  10. On 3rd reading

  11. Read 3rd time

  12. Passed Senate (Roll No. 38)

  13. Ordered to House

  14. House received Senate message

  15. Introduced in House

  16. To Finance

  17. To House Finance

  18. Do pass

  19. Immediate consideration

  20. Read 1st time

  21. On 2nd reading, Special Calendar

  22. Read 2nd time

  23. On 3rd reading, Special Calendar

  24. Read 3rd time

  25. Passed House (Roll No. 426)

  26. Communicated to Senate

  27. Completed legislative action

  28. House Message received

  29. To Governor 3/18/2026

  30. To Governor 3/18/2026 - Senate Journal

  31. Approved by Governor 3/25/2026

  32. Approved by Governor 3/25/2026 - Senate Journal

  33. Approved by Governor 3/25/2026 - House Journal

  34. Chapter 149, Acts, Regular Session, 2026

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 151 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (151)

151 members have not signed on to this bill.

Show all 151 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 573 do?
Relating to requirements for disclosures and recordkeeping by persons making mortgage loans
Who sponsors SB 573?
SB 573 is sponsored by Mike Azinger (Republican).
What is the current status of SB 573?
This bill has been enacted into law. Introduced January 22, 2026. Enacted.
Where can I track SB 573?
Track SB 573 free on One Click Politics — get push/email alerts when it moves.

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