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WV HB5229

Bill

Official Source

Status

Introduced

2/5/2026

Primary Sponsor

Joe Funkhouser

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Expands the definition of fraudulent financing statements to include filings that contain material false statements or are groundless, in addition to existing prohibitions on unauthorized filings intended to harass or defraud
  • Requires persons filing fraud affidavits to notify each secured party of record by certified mail between 30 and 5 days before filing the affidavit
  • Grants the Secretary of State investigative powers including authority to administer oaths, issue subpoenas for witnesses and documents, and seek circuit court assistance in enforcing subpoenas
  • Authorizes the Attorney General to provide legal and investigative assistance to the Secretary of State upon request
  • Removes outdated transitional provisions that exempted records filed before the original effective date from criminal and civil penalties

Legislative Description

Relating to filing of a fraudulent financing statement.

Constitutional Officers

Last Action

To House Judiciary

2/5/2026

Committee Referrals

Judiciary2/5/2026

Full Bill Text

No bill text available