{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1600.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1600.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1600.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1600.html"}],"law_id":71155,"edition_id":1,"section_id":71155,"structure_id":13352,"section_number":"6.2-1600","catch_line":"Definitions","history":"1987, c. 596, \u00a7 6.1-409; 1993, c. 183; 2006, c. 422; 2008, c. 863; 2010, cc. 146, 665, 794, 831; 2012, cc. 53, 188; 2023, c. 573.","full_text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Entity” means any corporation, partnership, association, cooperative, limited liability company, trust, joint venture, or other legal or commercial entity.\n\t\t“Licensee” means a mortgage lender or mortgage broker licensed by the Commission pursuant to this chapter.\n\t\t“Mortgage broker” means any person who directly or indirectly negotiates, places or finds mortgage loans for others, or offers to negotiate, place or find mortgage loans for others. Any licensed mortgage lender that, pursuant to an executed originating agreement with the Virginia Housing Development Authority, acts or offers to act as an originating agent of the Virginia Housing Development Authority in connection with a mortgage loan shall not be deemed to be acting as a mortgage broker with respect to such mortgage loan but shall be deemed to be acting as a mortgage lender with respect to such mortgage loan, notwithstanding that the Virginia Housing Development Authority is or would be the payee on the note evidencing such mortgage loan and that the Virginia Housing Development Authority provides or would provide the funding of such mortgage loan prior to or at the settlement thereof.\n\t\t“Mortgage lender” means any person who directly or indirectly originates or makes mortgage loans.\n\t\t“Mortgage loan” means a loan made to an individual, the proceeds of which are to be used primarily for personal, family or household purposes, which loan is secured by a mortgage or deed of trust upon any interest in one- to four-family residential property located in the Commonwealth, regardless of where made, including the renewal or refinancing of any such loan, but excluding (i) loans to persons related to the lender by blood or marriage and (ii) loans to persons who are bona fide employees of the lender. “Mortgage loan” shall not include any loan secured by a mortgage or deed of trust upon any interest in a more than four-family residential property or property used for a commercial or agricultural purpose.\n\t\t“Nationwide Mortgage Licensing System and Registry” or “Registry” means the mortgage licensing and registration system developed and maintained by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators.\n\t\t“Office” means a location other than a licensee’s principal place of business where (i) the licensee negotiates, places, finds, or makes Virginia mortgage loans; (ii) the licensee’s name, advertising or promotional materials, or signage indicates that the licensee negotiates, places, finds, or makes Virginia mortgage loans from the location; or (iii) the licensee maintains books, accounts, or records of Virginia mortgage loans. A remote location is not an office if the requirements set forth in subsection F of \u00a7 6.2-1607 are met.\n\t\t“Person” means any individual or entity.\n\t\t“Principal” means any person who, directly or indirectly, owns or controls a 10 percent or greater interest in any entity.\n\t\t“Remote location” means a location, other than a licensee’s principal place of business or office, at which the employees or exclusive agents of a licensee may conduct business if the requirements set forth in subsection F of \u00a7 6.2-1607 are met.\n\t\t“Residential property” means improved real property used or occupied, or intended to be used or occupied, for residential purposes.","order_by":null,"text":{"0":{"id":256517,"text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Entity” means any corporation, partnership, association, cooperative, limited liability company, trust, joint venture, or other legal or commercial entity.\n\t\t“Licensee” means a mortgage lender or mortgage broker licensed by the Commission pursuant to this chapter.\n\t\t“Mortgage broker” means any person who directly or indirectly negotiates, places or finds mortgage loans for others, or offers to negotiate, place or find mortgage loans for others. Any licensed mortgage lender that, pursuant to an executed originating agreement with the Virginia Housing Development Authority, acts or offers to act as an originating agent of the Virginia Housing Development Authority in connection with a mortgage loan shall not be deemed to be acting as a mortgage broker with respect to such mortgage loan but shall be deemed to be acting as a mortgage lender with respect to such mortgage loan, notwithstanding that the Virginia Housing Development Authority is or would be the payee on the note evidencing such mortgage loan and that the Virginia Housing Development Authority provides or would provide the funding of such mortgage loan prior to or at the settlement thereof.\n\t\t“Mortgage lender” means any person who directly or indirectly originates or makes mortgage loans.\n\t\t“Mortgage loan” means a loan made to an individual, the proceeds of which are to be used primarily for personal, family or household purposes, which loan is secured by a mortgage or deed of trust upon any interest in one- to four-family residential property located in the Commonwealth, regardless of where made, including the renewal or refinancing of any such loan, but excluding (i) loans to persons related to the lender by blood or marriage and (ii) loans to persons who are bona fide employees of the lender. “Mortgage loan” shall not include any loan secured by a mortgage or deed of trust upon any interest in a more than four-family residential property or property used for a commercial or agricultural purpose.\n\t\t“Nationwide Mortgage Licensing System and Registry” or “Registry” means the mortgage licensing and registration system developed and maintained by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators.\n\t\t“Office” means a location other than a licensee’s principal place of business where (i) the licensee negotiates, places, finds, or makes Virginia mortgage loans; (ii) the licensee’s name, advertising or promotional materials, or signage indicates that the licensee negotiates, places, finds, or makes Virginia mortgage loans from the location; or (iii) the licensee maintains books, accounts, or records of Virginia mortgage loans. A remote location is not an office if the requirements set forth in subsection F of \u00a7 6.2-1607 are met.\n\t\t“Person” means any individual or entity.\n\t\t“Principal” means any person who, directly or indirectly, owns or controls a 10 percent or greater interest in any entity.\n\t\t“Remote location” means a location, other than a licensee’s principal place of business or office, at which the employees or exclusive agents of a licensee may conduct business if the requirements set forth in subsection F of \u00a7 6.2-1607 are met.\n\t\t“Residential property” means improved real property used or occupied, or intended to be used or occupied, for residential purposes.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13352,"edition_id":1,"name":"Mortgage Lenders and Mortgage Brokers","identifier":"16","label":"chapter","depth":3,"order_by":1,"parent_id":13060,"metadata":{},"date_created":"2026-06-26 03:44:42","date_modified":"2026-06-26 03:44:42","permalink":{"id":266007,"object_type":"structure","relational_id":13352,"identifier":"16","token":"6.2\/III\/16","url":"\/6.2\/III\/16\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13060,"edition_id":1,"name":"Other Regulated Providers of Financial Services","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:12","date_modified":"2026-06-26 03:44:12","permalink":{"id":265721,"object_type":"structure","relational_id":13060,"identifier":"III","token":"6.2\/III","url":"\/6.2\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":71155,"structure_id":13352,"section_number":"6.2-1600","catch_line":"Definitions","url":"\/6.2-1600\/","token":"6.2\/III\/16\/6.2-1600","metadata":false},{"id":69139,"structure_id":13352,"section_number":"6.2-1601","catch_line":"License requirement","url":"\/6.2-1601\/","token":"6.2\/III\/16\/6.2-1601","metadata":false},{"id":81765,"structure_id":13352,"section_number":"6.2-1602","catch_line":"Persons exempt from chapter","url":"\/6.2-1602\/","token":"6.2\/III\/16\/6.2-1602","metadata":false},{"id":54762,"structure_id":13352,"section_number":"6.2-1603","catch_line":"Application for license; form; content; fee","url":"\/6.2-1603\/","token":"6.2\/III\/16\/6.2-1603","metadata":false},{"id":59504,"structure_id":13352,"section_number":"6.2-1604","catch_line":"Bond required","url":"\/6.2-1604\/","token":"6.2\/III\/16\/6.2-1604","metadata":false},{"id":54914,"structure_id":13352,"section_number":"6.2-1605","catch_line":"Investigation of applications","url":"\/6.2-1605\/","token":"6.2\/III\/16\/6.2-1605","metadata":false},{"id":73062,"structure_id":13352,"section_number":"6.2-1606","catch_line":"Qualifications","url":"\/6.2-1606\/","token":"6.2\/III\/16\/6.2-1606","metadata":false},{"id":81215,"structure_id":13352,"section_number":"6.2-1607","catch_line":"Licenses; places of business; changes","url":"\/6.2-1607\/","token":"6.2\/III\/16\/6.2-1607","metadata":false},{"id":76246,"structure_id":13352,"section_number":"6.2-1608","catch_line":"Acquisition of control; application","url":"\/6.2-1608\/","token":"6.2\/III\/16\/6.2-1608","metadata":false},{"id":54332,"structure_id":13352,"section_number":"6.2-1609","catch_line":"Retention of books, accounts and records","url":"\/6.2-1609\/","token":"6.2\/III\/16\/6.2-1609","metadata":false},{"id":61819,"structure_id":13352,"section_number":"6.2-1610","catch_line":"Periodic reports","url":"\/6.2-1610\/","token":"6.2\/III\/16\/6.2-1610","metadata":false},{"id":71555,"structure_id":13352,"section_number":"6.2-1611","catch_line":"Investigations; examinations","url":"\/6.2-1611\/","token":"6.2\/III\/16\/6.2-1611","metadata":false},{"id":82309,"structure_id":13352,"section_number":"6.2-1612","catch_line":"Annual fees","url":"\/6.2-1612\/","token":"6.2\/III\/16\/6.2-1612","metadata":false},{"id":66404,"structure_id":13352,"section_number":"6.2-1613","catch_line":"Regulations","url":"\/6.2-1613\/","token":"6.2\/III\/16\/6.2-1613","metadata":false},{"id":61182,"structure_id":13352,"section_number":"6.2-1614","catch_line":"Prohibitions applicable to mortgage lenders and mortgage brokers","url":"\/6.2-1614\/","token":"6.2\/III\/16\/6.2-1614","metadata":false},{"id":61213,"structure_id":13352,"section_number":"6.2-1615","catch_line":"Other prohibitions applicable to mortgage lenders","url":"\/6.2-1615\/","token":"6.2\/III\/16\/6.2-1615","metadata":false},{"id":80723,"structure_id":13352,"section_number":"6.2-1616","catch_line":"Other prohibitions applicable to mortgage brokers","url":"\/6.2-1616\/","token":"6.2\/III\/16\/6.2-1616","metadata":false},{"id":64232,"structure_id":13352,"section_number":"6.2-1617","catch_line":"Application to certain real estate brokers","url":"\/6.2-1617\/","token":"6.2\/III\/16\/6.2-1617","metadata":false},{"id":58328,"structure_id":13352,"section_number":"6.2-1618","catch_line":"Escrow accounts","url":"\/6.2-1618\/","token":"6.2\/III\/16\/6.2-1618","metadata":false},{"id":69878,"structure_id":13352,"section_number":"6.2-1619","catch_line":"Suspension or revocation of license","url":"\/6.2-1619\/","token":"6.2\/III\/16\/6.2-1619","metadata":false},{"id":72499,"structure_id":13352,"section_number":"6.2-1620","catch_line":"Censuring, suspending, or barring persons","url":"\/6.2-1620\/","token":"6.2\/III\/16\/6.2-1620","metadata":false},{"id":65038,"structure_id":13352,"section_number":"6.2-1621","catch_line":"Filing of written report with Commissioner; events affecting activities of licensee","url":"\/6.2-1621\/","token":"6.2\/III\/16\/6.2-1621","metadata":false},{"id":61967,"structure_id":13352,"section_number":"6.2-1622","catch_line":"Cease and desist orders","url":"\/6.2-1622\/","token":"6.2\/III\/16\/6.2-1622","metadata":false},{"id":85659,"structure_id":13352,"section_number":"6.2-1623","catch_line":"Notice of proposed suspension or revocation","url":"\/6.2-1623\/","token":"6.2\/III\/16\/6.2-1623","metadata":false},{"id":70740,"structure_id":13352,"section_number":"6.2-1624","catch_line":"Civil penalties","url":"\/6.2-1624\/","token":"6.2\/III\/16\/6.2-1624","metadata":false},{"id":82877,"structure_id":13352,"section_number":"6.2-1625","catch_line":"Criminal penalties","url":"\/6.2-1625\/","token":"6.2\/III\/16\/6.2-1625","metadata":false},{"id":83877,"structure_id":13352,"section_number":"6.2-1626","catch_line":"Authority of Attorney General; referral by Commission to Attorney General","url":"\/6.2-1626\/","token":"6.2\/III\/16\/6.2-1626","metadata":false},{"id":73847,"structure_id":13352,"section_number":"6.2-1627","catch_line":"Private actions","url":"\/6.2-1627\/","token":"6.2\/III\/16\/6.2-1627","metadata":false},{"id":73955,"structure_id":13352,"section_number":"6.2-1628","catch_line":"Enforcement of prohibitions on certain practices; recovery of attorney fees","url":"\/6.2-1628\/","token":"6.2\/III\/16\/6.2-1628","metadata":false},{"id":62961,"structure_id":13352,"section_number":"6.2-1629","catch_line":"Prohibited practices; authority of the Attorney General","url":"\/6.2-1629\/","token":"6.2\/III\/16\/6.2-1629","metadata":false}],"next_section":{"id":69139,"structure_id":13352,"section_number":"6.2-1601","catch_line":"License requirement","url":"\/6.2-1601\/","token":"6.2\/III\/16\/6.2-1601","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1600\/","history_text":"

This law was first created in 1987. The record of its establishment is cataloged in chapter 596 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1987 \u201cActs\u201d aren\u2019t available online. It has been modified 6 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1993, chapter 183; in 2006, chapter 422<\/a>; in 2008, chapter 863<\/a>; in 2010, chapters 146<\/a>, 665<\/a>, 794<\/a>, and 831<\/a>; in 2012, chapters 53<\/a> and 188<\/a>; in 2023, chapter 573<\/a>.<\/p>","references":[{"id":81089,"section_number":"19.2-389","catch_line":"(Effective July 1, 2026) Dissemination of criminal history record information","order_by":null,"url":"\/19.2-389\/"},{"id":63325,"section_number":"55.1-315","catch_line":"Effect of option; recording","order_by":null,"url":"\/55.1-315\/"},{"id":69020,"section_number":"59.1-199","catch_line":"Exclusions","order_by":null,"url":"\/59.1-199\/"},{"id":74984,"section_number":"6.2-1701.3","catch_line":"Temporary authority to act as a mortgage loan originator","order_by":null,"url":"\/6.2-1701.3\/"},{"id":60886,"section_number":"6.2-1703","catch_line":"Bond required","order_by":null,"url":"\/6.2-1703\/"},{"id":76664,"section_number":"6.2-1714","catch_line":"Annual fees","order_by":null,"url":"\/6.2-1714\/"},{"id":69740,"section_number":"6.2-888","catch_line":"Real estate brokerage business of controlled subsidiary","order_by":null,"url":"\/6.2-888\/"}],"refers_to":[{"id":81215,"section_number":"6.2-1607","catch_line":"Licenses; places of business; changes","order_by":null,"url":"\/6.2-1607\/"}],"permalink":{"id":266009,"object_type":"law","relational_id":71155,"identifier":"6.2-1600","token":"6.2\/III\/16\/6.2-1600","url":"\/6.2-1600\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1600\/","token":"6.2\/III\/16\/6.2-1600","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1600","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this chapter, unless the context requires a different meaning:\n\t\t“Entity<\/span>” means any corporation, partnership, association, cooperative, limited liability company, trust, joint venture, or other legal or commercial entity<\/span>.\n\t\t“Licensee<\/span>” means a mortgage lender<\/span> or mortgage broker<\/span> licensed by the Commission<\/span> pursuant to this chapter.\n\t\t“Mortgage broker<\/span>” means any person<\/span> who directly or indirectly negotiates, places or finds mortgage loans<\/span> for others, or offers to negotiate, place or find mortgage loans<\/span> for others. Any licensed mortgage lender<\/span> that, pursuant to an executed originating agreement with the Virginia Housing Development Authority, acts or offers to act as an originating agent of the Virginia Housing Development Authority in connection with a mortgage loan<\/span> shall not be deemed to be acting as a mortgage broker<\/span> with respect to such mortgage loan<\/span> but shall be deemed to be acting as a mortgage lender<\/span> with respect to such mortgage loan<\/span>, notwithstanding that the Virginia Housing Development Authority is or would be the payee on the note evidencing such mortgage loan<\/span> and that the Virginia Housing Development Authority provides or would provide the funding of such mortgage loan<\/span> prior to or at the settlement<\/span> thereof.\n\t\t“Mortgage lender<\/span>” means any person<\/span> who directly or indirectly originates or makes mortgage loans<\/span>.\n\t\t“Mortgage loan<\/span>” means a loan made to an individual, the proceeds of which are to be used primarily for personal, family or household purposes, which loan is secured by a mortgage or deed of trust upon any interest in one- to four-family residential property<\/span> located in the Commonwealth, regardless of where made, including the renewal or refinancing of any such loan, but excluding (i) loans to persons<\/span> related to the lender by blood or marriage and (ii) loans to persons<\/span> who are bona fide employees of the lender. “Mortgage loan<\/span>” shall not include any loan secured by a mortgage or deed of trust upon any interest in a more than four-family residential property<\/span> or property used for a commercial or agricultural purpose.\n\t\t“Nationwide Mortgage Licensing System and Registry<\/span>” or “Registry” means the mortgage licensing and registration system developed and maintained by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators.\n\t\t“Office<\/span>” means a location other than a licensee<\/span>’s principal<\/span> place of business where (i) the licensee<\/span> negotiates, places, finds, or makes Virginia mortgage loans<\/span>; (ii) the licensee<\/span>’s name, advertising or promotional materials<\/span>, or signage indicates that the licensee<\/span> negotiates, places, finds, or makes Virginia mortgage loans<\/span> from the location; or (iii) the licensee<\/span> maintains books, accounts, or records of Virginia mortgage loans<\/span>. A remote location<\/span> is not an office<\/span> if the requirements set forth in subsection F of \u00a7 6.2-1607<\/a> are met.\n\t\t“Person<\/span>” means any individual or entity<\/span>.\n\t\t“Principal<\/span>” means any person<\/span> who, directly or indirectly, owns or controls a 10 percent or greater interest in any entity<\/span>.\n\t\t“Remote location<\/span>” means a location, other than a licensee<\/span>’s principal<\/span> place of business or office<\/span>, at which the employees or exclusive agents of a licensee<\/span> may conduct business if the requirements set forth in subsection F of \u00a7 6.2-1607<\/a> are met.\n\t\t“Residential property<\/span>” means improved real property used or occupied, or intended to be used or occupied, for residential purposes.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 6.2-1600)\n\nAs used in this chapter, unless the context requires a different meaning:\n\t\t“Entity” means any corporation, partnership, association,\ncooperative, limited liability company, trust, joint venture, or other legal or\ncommercial entity.\n\t\t“Licensee” means a mortgage lender or mortgage broker licensed by\nthe Commission pursuant to this chapter.\n\t\t“Mortgage broker” means any person who directly or indirectly\nnegotiates, places or finds mortgage loans for others, or offers to negotiate,\nplace or find mortgage loans for others. Any licensed mortgage lender that,\npursuant to an executed originating agreement with the Virginia Housing\nDevelopment Authority, acts or offers to act as an originating agent of the\nVirginia Housing Development Authority in connection with a mortgage loan shall\nnot be deemed to be acting as a mortgage broker with respect to such mortgage\nloan but shall be deemed to be acting as a mortgage lender with respect to such\nmortgage loan, notwithstanding that the Virginia Housing Development Authority\nis or would be the payee on the note evidencing such mortgage loan and that the\nVirginia Housing Development Authority provides or would provide the funding of\nsuch mortgage loan prior to or at the settlement thereof.\n\t\t“Mortgage lender” means any person who directly or indirectly\noriginates or makes mortgage loans.\n\t\t“Mortgage loan” means a loan made to an individual, the proceeds\nof which are to be used primarily for personal, family or household purposes,\nwhich loan is secured by a mortgage or deed of trust upon any interest in one-\nto four-family residential property located in the Commonwealth, regardless of\nwhere made, including the renewal or refinancing of any such loan, but excluding\n(i) loans to persons related to the lender by blood or marriage and (ii) loans\nto persons who are bona fide employees of the lender. “Mortgage\nloan” shall not include any loan secured by a mortgage or deed of trust\nupon any interest in a more than four-family residential property or property\nused for a commercial or agricultural purpose.\n\t\t“Nationwide Mortgage Licensing System and Registry” or\n“Registry” means the mortgage licensing and registration system\ndeveloped and maintained by the Conference of State Bank Supervisors and the\nAmerican Association of Residential Mortgage Regulators.\n\t\t“Office” means a location other than a licensee’s principal\nplace of business where (i) the licensee negotiates, places, finds, or makes\nVirginia mortgage loans; (ii) the licensee’s name, advertising or\npromotional materials, or signage indicates that the licensee negotiates,\nplaces, finds, or makes Virginia mortgage loans from the location; or (iii) the\nlicensee maintains books, accounts, or records of Virginia mortgage loans. A\nremote location is not an office if the requirements set forth in subsection F\nof \u00a7 6.2-1607 are met.\n\t\t“Person” means any individual or entity.\n\t\t“Principal” means any person who, directly or indirectly, owns or\ncontrols a 10 percent or greater interest in any entity.\n\t\t“Remote location” means a location, other than a licensee’s\nprincipal place of business or office, at which the employees or exclusive\nagents of a licensee may conduct business if the requirements set forth in\nsubsection F of \u00a7 6.2-1607 are met.\n\t\t“Residential property” means improved real property used or\noccupied, or intended to be used or occupied, for residential purposes.\n\nHISTORY: 1987, c. 596, \u00a7 6.1-409; 1993, c. 183; 2006, c. 422; 2008, c. 863;\n2010, cc. 146, 665, 794, 831; 2012, cc. 53, 188; 2023, c. 573.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}