Division of Financial Institutions rule relating to notice and treatment of joint accounts

SB 338 authorizes the West Virginia Division of Financial Institutions to implement a rule about the notice and treatment of joint accounts. The rule, which was previously filed in the State Register on July 23, 2025, will require financial institutions to follow specific procedures when managing joint accounts, such as providing required notices to account holders. This bill directly affects banks and credit unions operating in West Virginia that offer joint account services.