In West Virginia, what is the minimum age requirement to become a licensed MLO?

In West Virginia, the minimum age requirement to become a licensed Mortgage Loan Originator (MLO) is 18 years old. This age requirement aligns with the federal regulations established by the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), which sets a minimum standard of being at least 18 to ensure that applicants possess a level of maturity and responsibility necessary for handling financial transactions and obtaining necessary licenses in the mortgage industry. Additionally, turning 18 signifies the legal age for individuals to enter into contracts, which is crucial in the realm of mortgage lending where agreements and obligations are frequently established. Meeting this age requirement is essential for aspiring MLOs in West Virginia as they begin their careers in this regulated profession.