Relating to loan form

This bill modifies documentation requirements for licensed residential mortgage lenders, brokers, and servicers in West Virginia by updating how they must record loan fees or points. The key provision requires these financial institutions to create written documentation proving a reasonable, tangible net benefit to borrowers when charging loan origination fees, investigation fees, or points in a refinancing or additional loan within 24 months of an existing loan. This documentation must be kept in the loan file to demonstrate that the new loan terms provide clear advantages to the borrower. The changes apply to all licensed residential mortgage lenders, brokers, and servicers operating in West Virginia and focus on maintaining clearer records of fee justifications rather than altering fee amounts or borrower rights.