Relating to settlement definitions for real estate transactions

SB 667 amends definitions for real estate settlement terms under West Virginia's Good Funds Settlement Act. It defines "good funds" as moneys deposited and irrevocably credited to a settlement agent's account, specifies acceptable payment methods for disbursement (like wired funds or certified checks), and requires settlement agents to be licensed attorneys or have attorney access during closings. This bill directly affects settlement agents, lenders, and parties in real estate transactions by standardizing terminology for the settlement process. It does not create new requirements but clarifies existing definitions to improve consistency in real estate transactions.