§ 6.2-1719 Civil penalties
The Commission may impose a civil penalty not exceeding $2,500 upon any individual required to be licensed under this chapter who it determines, in proceedings commenced in accordance with the Commission’s Rules, has violated any of the provisions of this chapter or any other law or regulation applicable to the licensee’s activities. For the purposes of this section, each separate violation shall be subject to the civil penalty herein prescribed, and each day that an unlicensed individual engages in the business of a mortgage loan originator shall constitute a separate violation.
History
This law was first created in 2009. The record of its establishment is cataloged in chapters 273 and 453 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. It has been modified 2 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 2010, chapter 794; in 2012, chapters 52 and 187.
2009, cc. 273, 453, § 6.1-431.20; 2010, c. 794; 2012, cc. 52, 187.