West Virginia SB547 establishes the Truth in Giving Act to ensure transparency for thrift operators.

West Virginia SB547, the Truth in Giving Act, mandates that thrift operators disclose specific information to donors and customers. This includes the name, business address, and telephone number of the entity receiving donations and a statement indicating if the entity is a charity or for-profit business. The act also authorizes the Secretary of State to investigate violations, imposes criminal and civil penalties for non-compliance, and allows for the deposit of recovered funds into the state's General Revenue Fund.

West Virginia SB547 establishes the Truth in Giving Act to ensure transparency for thrift operators.

West Virginia SB547, the Truth in Giving Act, mandates that thrift operators disclose specific information to donors and customers. This includes the name, business address, and telephone number of the entity receiving donations and a statement indicating if the entity is a charity or for-profit business. The act also authorizes the Secretary of State to investigate violations, imposes criminal and civil penalties for non-compliance, and allows for the deposit of recovered funds into the state's General Revenue Fund.