If the Commissioner issues an order against a licensee, the licensee may request a hearing within how many days?

In West Virginia, if the Commissioner issues an order against a mortgage loan originator licensee, the licensee has the right to request a hearing regarding the order. This request must be made within 45 days from the date the order is issued. This time frame is established to ensure that licensees have a fair opportunity to contest the order and present their case before any further actions are taken.

This provision is important because it promotes transparency and due process within the regulatory framework. It allows licensees to address any potential misunderstandings or disputes related to the Commissioner’s order, ensuring they have a chance to defend their position in a timely manner. It is crucial for stakeholders to be aware of this timeline in order to effectively respond to regulatory actions.