W. Va. Code § 46A-2-108
Cross-collateral
West Virginia · West Virginia Code Chapter 46A — West Virginia Consumer Credit and Protection Act · Status: effective
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- Citation
- W. Va. Code § 46A-2-108, Cross-collateral, West Virginia, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2387935
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Full text
In addition to contracting for a security interest pursuant to the provisions on security in sales or leases, a seller or issuer of a seller credit card in a consumer credit sale may secure the debt arising from the sale by contracting for a security interest in other property if as a result of a prior sale the seller or issuer of a seller credit card has an existing security interest in the other property and such debts are consolidated. The seller or issuer of a seller credit card may also contract for a security interest in the property sold in the subsequent sale as security for the previous debt if such debts are consolidated.