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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) No public utility shall require any deposit of any residential customer which shall exceed one twelfth of the estimated annual charge to the customer for such service: Provided, That the provisions of this section shall not apply to deposits received prior to March 12, 1983.
(b) Public utilities may collect and hold a security deposit in accordance with this statute and the rules established by the commission. No interest shall be payable on security deposits when a deposit is, no later than 30 days following the date of the end of the eighteenth month of service, either (1) applied as a credit to the customer's account, or (2) returned or refunded to the customer by some other means.
Cite this article: FindLaw.com - West Virginia Code Chapter 24. Public Service Commission § 24-3-8. Deposits; interest - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-24-public-service-commission/wv-code-sect-24-3-8/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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