West Virginia Statutes

§ 38-1-15 — Validity of deed of trust upon renewal of loan

West Virginia·Ch. 38 LIENS·Art. 1 VENDOR'S AND TRUST DEED LIENS

Upon the renewal of a loan agreement in the instance when no additional principal is advanced, the original deed of trust is sufficient for the purpose of securing the loan, regardless of any change in the rate of interest.

Free access — add to your briefcase to read the full text and ask questions with AI

West Virginia § 38-1-15 (Validity of deed of trust upon renewal of loan) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

1986 Reg. Sess., HB1353; 1937 Reg. Sess., SB2

Nearby Sections

15

§ 38-1-1

Vendor's lien; its enforcement

§ 38-1-10

Who may require trustee to give bond; new trustee on failure to give; notice

§ 38-1-11

Amount and approval of bond of trustee; recordation; effect of failure to give

§ 38-1-12

Bond of new trustee appointed by court; recordation

§ 38-1-13

Substitution of trustees under a trust deed securing a debt

§ 38-1-14

Future advances secured by credit line deed of trust; definitions; notice requirements and form; priority over other liens; release

§ 38-1-15

Validity of deed of trust upon renewal of loan

§ 38-1-16

Sale of real property pursuant to a deed of trust; preexisting tenancy

§ 38-1-17

Personal property after foreclosure; notice and access to recover personal property; abandonment

§ 38-1-1a

Deeds of trust conveying real and/or personal property; limitations on application of article

§ 38-1-2

Form of deed of trust; memorandum of deed of trust may be recorded

§ 38-1-3

Sales under trust deeds

§ 38-1-4

§ 38-1-4a

Statute of limitations for sales by trustees

§ 38-1-5

View on official source ↗