According to state law, the per loan fee is paid to which entity?

In West Virginia, the per loan fee is paid to the Division of Financial Institutions. This division is the regulatory body responsible for overseeing the licensing and operation of mortgage loan originators, lenders, and various financial institutions. By establishing and collecting this fee, the Division can ensure compliance with state laws and maintain the integrity of the mortgage lending process. The fees collected often support the regulatory framework, including enforcement actions, consumer protection initiatives, and the overall management of the mortgage industry within the state.

While other options may represent important governmental entities, they are not directly involved in the collection of per loan fees related to mortgage transactions. The Department of Consumer Affairs and the State Attorney General's Office may oversee broader consumer protection and legal enforcement respectively, but their focus is not specifically on the per loan fee structure established for mortgage loan originators. The Federal Reserve, on the other hand, deals primarily with monetary policy and does not manage state-level mortgage licensing fees.