What is the policy regarding application fees in the state of West Virginia?

In West Virginia, the policy regarding application fees indicates that they may not be charged. This regulation is designed to protect consumers from any upfront costs that could deter them from applying for a mortgage or engaging with lenders. By prohibiting application fees, the state aims to create a more accessible lending environment for potential borrowers, thus promoting fair treatment within the mortgage industry.

Other potential options, such as that application fees are optional or must be disclosed, do not capture the strict nature of the state's stance on this issue, which is firmly against charging any fees at the application stage. This approach ensures that beginning the mortgage process does not impose an immediate financial burden on applicants, allowing them to focus on the overall terms and conditions of the mortgage presented to them.