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WV HB4791

Bill

Official Source

Status

Introduced

1/23/2026

Primary Sponsor

Vernon Criss

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Eliminates the requirement that the West Virginia Banking Commissioner approve joint account forms used by banking institutions
  • Amends §31A-4-33 of the West Virginia Code regarding joint accounts in banking institutions
  • Banking institutions must still provide written notice to joint account owners about creditor claims, payment rights, and pledge/encumbrance rules, but the notice form no longer requires commissioner approval
  • Introduced January 23, 2026, by Delegates Criss and Barnhart at the request of the Division of Financial Institutions
  • Reduces regulatory oversight while maintaining existing consumer disclosure requirements for joint deposit accounts

Legislative Description

Relating to joint accounts in banking institutions and eliminating the requirement that the commissioner approve joint account forms to be used by banking institutions

Banking and Finance

Last Action

To House Finance

1/23/2026

Committee Referrals

Finance1/23/2026

Full Bill Text

No bill text available