WV SB667

Amends the definition of "settlement agent" under the West Virginia Good Funds Settlement Act to require that the agent either be a licensed attorney or have access to a licensed attorney during any loan closing, settlement, or disbursement of settlement proceeds

Applies to real estate transaction settlements involving loan closings, disbursement of loan funds, and distribution of settlement proceeds

Maintains existing definitions for key terms including "collected funds," "good funds," "loan documents," and acceptable forms of loan fund disbursement (cash, wire transfers, certified checks, etc.)

Preserves the $5,000 limit on personal checks per loan closing as an acceptable form of loan fund disbursement