How frequently will the Commissioner publish the list of licenses issued?

The correct answer is that the Commissioner publishes the list of licenses issued annually. This practice helps maintain a clear and organized record of licensed Mortgage Loan Originators (MLOs) in West Virginia, ensuring that stakeholders such as consumers, lenders, and regulatory authorities have access to updated information regarding who is authorized to operate in this field.

Publishing the licenses annually allows for a comprehensive review of the licensing status and facilitates transparency in the mortgage industry. This frequency also aligns with many regulatory practices that allow enough time to process new applications, renewals, and updates to existing licenses, making the information more reliable when it is released.

Other options, like monthly or quarterly publication, may create unnecessary administrative burden or confusion due to the volume of changes that can occur in any given short period, whereas biannual reporting might not provide sufficient updates for those seeking to engage with licensed professionals. Thus, the annual schedule strikes a balance between timely information and manageable oversight.