{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1624.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1624.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1624.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1624.html"}],"law_id":70740,"edition_id":1,"section_id":70740,"structure_id":13352,"section_number":"6.2-1624","catch_line":"Civil penalties","history":"1987, c. 596, \u00a7 6.1-428; 1990, c. 4; 2001, c. 511; 2008, c. 863; 2010, c. 794.","full_text":"In addition to the authority conferred under \u00a7\u00a7 6.2-1619 and 6.2-1622, the Commission may impose a civil penalty not exceeding $2,500 upon any mortgage lender or mortgage broker required to be licensed under this chapter who it determines, in proceedings commenced in accordance with the Commission&#8217;s Rules, has violated any of the provisions of this chapter or any other law or regulation applicable to the conduct of the mortgage lender&#8217;s or mortgage broker&#8217;s business. For the purposes of this section, each separate violation shall be subject to the civil penalty herein prescribed, and each day after the date of notification, excluding Sundays and holidays, as prescribed in \u00a7 2.2-3300, that an unlicensed person engages in the business or holds himself out to the general public as a mortgage lender or mortgage broker shall constitute a separate violation.","order_by":null,"text":{"0":{"id":255187,"text":"In addition to the authority conferred under \u00a7\u00a7 6.2-1619 and 6.2-1622, the Commission may impose a civil penalty not exceeding $2,500 upon any mortgage lender or mortgage broker required to be licensed under this chapter who it determines, in proceedings commenced in accordance with the Commission&#8217;s Rules, has violated any of the provisions of this chapter or any other law or regulation applicable to the conduct of the mortgage lender&#8217;s or mortgage broker&#8217;s business. For the purposes of this section, each separate violation shall be subject to the civil penalty herein prescribed, and each day after the date of notification, excluding Sundays and holidays, as prescribed in \u00a7 2.2-3300, that an unlicensed person engages in the business or holds himself out to the general public as a mortgage lender or mortgage broker shall constitute a separate violation.","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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1624\/","history_text":"<p>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 4 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 1990, chapter 4; in 2001, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?011+ful+CHAP0511\">511<\/a>; in 2008, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?081+ful+CHAP0863\">863<\/a>; in 2010, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?101+ful+CHAP0794\">794<\/a>.<\/p>","references":false,"refers_to":[{"id":81021,"section_number":"2.2-3300","catch_line":"Legal holidays","order_by":null,"url":"\/2.2-3300\/"},{"id":69878,"section_number":"6.2-1619","catch_line":"Suspension or revocation of license","order_by":null,"url":"\/6.2-1619\/"},{"id":61967,"section_number":"6.2-1622","catch_line":"Cease and desist orders","order_by":null,"url":"\/6.2-1622\/"}],"permalink":{"id":266105,"object_type":"law","relational_id":70740,"identifier":"6.2-1624","token":"6.2\/III\/16\/6.2-1624","url":"\/6.2-1624\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1624\/","token":"6.2\/III\/16\/6.2-1624","dublin_core":{"Title":"Civil penalties","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1624","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>In addition to the authority conferred under \u00a7\u00a7&nbsp;<a class=\"law\" title=\"Suspension or revocation of license\" href=\"\/6.2-1619\/\">6.2-1619<\/a> and <a class=\"law\" title=\"Cease and desist orders\" href=\"\/6.2-1622\/\">6.2-1622<\/a>, the <span class=\"dictionary\">Commission<\/span> may impose a civil <span class=\"dictionary\">penalty<\/span> not exceeding $2,500 upon any <span class=\"dictionary\">mortgage lender<\/span> or <span class=\"dictionary\">mortgage broker<\/span> required to be licensed under this chapter who it determines, in proceedings commenced in accordance with the <span class=\"dictionary\">Commission<\/span>&#8217;s Rules, has violated any of the provisions of this chapter or any other <span class=\"dictionary\">law<\/span> or regulation applicable to the conduct of the <span class=\"dictionary\">mortgage lender<\/span>&#8217;s or <span class=\"dictionary\">mortgage broker<\/span>&#8217;s business. For the purposes of this section, each separate violation shall be subject to the civil <span class=\"dictionary\">penalty<\/span> herein prescribed, and each day after the date of notification, excluding Sundays and holidays, as prescribed in \u00a7&nbsp;<a class=\"law\" title=\"Legal holidays\" href=\"\/2.2-3300\/\">2.2-3300<\/a>, that an unlicensed <span class=\"dictionary\">person<\/span> engages in the business or holds himself out to the general public as a <span class=\"dictionary\">mortgage lender<\/span> or <span class=\"dictionary\">mortgage broker<\/span> shall constitute a separate violation.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nCIVIL PENALTIES (\u00a7 6.2-1624)\n\nIn addition to the authority conferred under \u00a7\u00a7 6.2-1619 and 6.2-1622, the\nCommission may impose a civil penalty not exceeding $2,500 upon any mortgage\nlender or mortgage broker required to be licensed under this chapter who it\ndetermines, in proceedings commenced in accordance with the Commission&#8217;s\nRules, has violated any of the provisions of this chapter or any other law or\nregulation applicable to the conduct of the mortgage lender&#8217;s or mortgage\nbroker&#8217;s business. For the purposes of this section, each separate\nviolation shall be subject to the civil penalty herein prescribed, and each day\nafter the date of notification, excluding Sundays and holidays, as prescribed in\n\u00a7 2.2-3300, that an unlicensed person engages in the business or holds himself\nout to the general public as a mortgage lender or mortgage broker shall\nconstitute a separate violation.\n\nHISTORY: 1987, c. 596, \u00a7 6.1-428; 1990, c. 4; 2001, c. 511; 2008, c. 863; 2010,\nc. 794.","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}}