Relating to requirements for licensure as a mortgage lender or broker

HB 4790 amends West Virginia's mortgage licensing requirements to allow mortgage brokers to use non-audited financial statements to demonstrate the $250,000 tangible net worth requirement, instead of mandating only audited statements. This change directly affects mortgage brokers applying for or renewing their licenses in the state. The bill does not alter other existing requirements, such as background checks, surety bond amounts based on annual loan volume, or license fees. The key mechanism expands acceptable documentation for financial stability while maintaining the core net worth threshold.