Finance
When a West Virginia buyer assumes an existing mortgage, the original borrower is released from liability only if the lender:
AAutomatically releases the original borrower upon assumption
BProvides a novation (formal release) of the original borrower✓ Correct
CRecords the assumption with the county clerk
DApproves the assumption at a reduced interest rate
Explanation
In West Virginia, when a buyer assumes an existing mortgage, the original borrower remains liable unless the lender formally releases them through a novation. Without a novation, both parties may be liable.
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