§ 6.2-1603 Application for license; form; content; fee
A. An application for a license under this chapter shall be made in writing, under oath and on a form provided by the Commissioner.
2. If the applicant is a firm or partnership, the name and address of each member of the firm or partnership;
3. If the applicant is a corporation or a limited liability company, the name and address of each officer, director, registered agent and each principal;
4. The address of each office at which the business to be licensed is to be conducted;
5. Whether the applicant seeks a license to act as a mortgage lender, mortgage broker, or both; and
6. Such other information concerning the financial responsibility, background, experience and activities of the applicant and its members, officers, directors, and principals as the Commissioner may require.
C. The application shall be accompanied by payment of the following fees:
1. A license application fee of: a. In the case of an application for a license to act as a mortgage lender or a mortgage broker, $500; or b. In the case of an application for a license to act as both mortgage lender and mortgage broker, $1,000; and
2. An application fee of $150 for each office at which the business to be licensed is to be conducted.
D. The application fees shall not be refundable in any event. The fees shall not be abated by surrender, suspension or revocation of the license.
History
This law was first created in 1987. The record of its establishment is cataloged in chapter 596 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1987 “Acts” aren’t available online. It has been modified 5 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1989, chapter 411; in 1992, chapter 283; in 1993, chapter 183; in 2010, chapter 794; in 2011, chapter 435.
1987, c. 596, § 6.1-412; 1989, c. 411; 1992, c. 283; 1993, c. 183; 2010, c. 794; 2011, c. 435.