{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1701.3.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1701.3.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1701.3.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1701.3.html"}],"law_id":74984,"edition_id":1,"section_id":74984,"structure_id":14519,"section_number":"6.2-1701.3","catch_line":"Temporary authority to act as a mortgage loan originator","history":"2019, c. 740.","full_text":"A\n\nAn individual shall be deemed to have temporary authority to act as a mortgage loan originator in the Commonwealth to the extent authorized by, and subject to the terms and conditions prescribed in, § 1518 of the Act.B\n\nA mortgage lender or mortgage broker that employs an individual who is deemed to have temporary authority to act as a mortgage loan originator in the Commonwealth pursuant to this section shall be subject to the requirements of this chapter and Chapter 16 (§ 6.2-1600 et seq.) to the same extent that such mortgage lender or mortgage broker would be subject to such requirements if such individual were a licensed mortgage loan originator under this chapter.C\n\nAn individual who is deemed to have temporary authority to act as a mortgage loan originator in the Commonwealth pursuant to this section and acts as a mortgage loan originator shall be subject to the requirements of this chapter to the same extent as if such individual was a licensed mortgage loan originator under this chapter.","order_by":null,"text":{"0":{"id":269363,"text":"An individual shall be deemed to have temporary authority to act as a mortgage loan originator in the Commonwealth to the extent authorized by, and subject to the terms and conditions prescribed in, § 1518 of the Act.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":269364,"text":"A mortgage lender or mortgage broker that employs an individual who is deemed to have temporary authority to act as a mortgage loan originator in the Commonwealth pursuant to this section shall be subject to the requirements of this chapter and Chapter 16 (§ 6.2-1600 et seq.) to the same extent that such mortgage lender or mortgage broker would be subject to such requirements if such individual were a licensed mortgage loan originator under this chapter.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":269365,"text":"An individual who is deemed to have temporary authority to act as a mortgage loan originator in the Commonwealth pursuant to this section and acts as a mortgage loan originator shall be subject to the requirements of this chapter to the same extent as if such individual was a licensed mortgage loan originator under this chapter.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14519,"edition_id":1,"name":"Mortgage Loan Originators","identifier":"17","label":"chapter","depth":3,"order_by":1,"parent_id":13060,"metadata":{},"date_created":"2026-06-26 03:48:29","date_modified":"2026-06-26 03:48:29","permalink":{"id":266129,"object_type":"structure","relational_id":14519,"identifier":"17","token":"6.2\/III\/17","url":"\/6.2\/III\/17\/","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 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orders","url":"\/6.2-1721\/","token":"6.2\/III\/17\/6.2-1721","metadata":false}],"previous_section":{"id":55948,"structure_id":14519,"section_number":"6.2-1701.2","catch_line":"Repealed","url":"\/6.2-1701.2\/","token":"6.2\/III\/17\/6.2-1701.2","metadata":false},"next_section":{"id":74815,"structure_id":14519,"section_number":"6.2-1702","catch_line":"Application for license; form; content; fee","url":"\/6.2-1702\/","token":"6.2\/III\/17\/6.2-1702","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1701.3\/","history_text":"

This law was first created in 2019. The record of its establishment is cataloged in chapter 740<\/a> 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.<\/p>","references":[{"id":68765,"section_number":"6.2-1701","catch_line":"License requirement","order_by":null,"url":"\/6.2-1701\/"}],"refers_to":[{"id":71155,"section_number":"6.2-1600","catch_line":"Definitions","order_by":null,"url":"\/6.2-1600\/"}],"permalink":{"id":266147,"object_type":"law","relational_id":74984,"identifier":"6.2-1701.3","token":"6.2\/III\/17\/6.2-1701.3","url":"\/6.2-1701.3\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1701.3\/","token":"6.2\/III\/17\/6.2-1701.3","dublin_core":{"Title":"Temporary authority to act as a mortgage loan originator","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1701.3","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> An individual shall be deemed to have temporary authority to act<\/span> as a mortgage loan originator<\/span> in the Commonwealth to the extent authorized by, and subject to the terms and conditions prescribed in, § 1518 of the Act<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A mortgage lender or mortgage broker that employs an individual who is deemed to have temporary authority to act<\/span> as a mortgage loan originator<\/span> in the Commonwealth pursuant to this section shall be subject to the requirements of this chapter and Chapter 16 (§ 6.2-1600<\/a> et seq.) to the same extent that such mortgage lender or mortgage broker would be subject to such requirements if such individual were a licensed mortgage loan originator<\/span> under this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> An individual who is deemed to have temporary authority to act<\/span> as a mortgage loan originator<\/span> in the Commonwealth pursuant to this section and acts<\/span> as a mortgage loan originator<\/span> shall be subject to the requirements of this chapter to the same extent as if such individual was a licensed mortgage loan originator<\/span> under this chapter. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTEMPORARY AUTHORITY TO ACT AS A MORTGAGE LOAN ORIGINATOR (\u00a7 6.2-1701.3)\n\nA. An individual shall be deemed to have temporary authority to act as a\nmortgage loan originator in the Commonwealth to the extent authorized by, and\nsubject to the terms and conditions prescribed in, § 1518 of the Act.\n\nB. A mortgage lender or mortgage broker that employs an individual who is deemed\nto have temporary authority to act as a mortgage loan originator in the\nCommonwealth pursuant to this section shall be subject to the requirements of\nthis chapter and Chapter 16 (§ 6.2-1600 et seq.) to the same extent that\nsuch mortgage lender or mortgage broker would be subject to such requirements if\nsuch individual were a licensed mortgage loan originator under this chapter.\n\nC. An individual who is deemed to have temporary authority to act as a mortgage\nloan originator in the Commonwealth pursuant to this section and acts as a\nmortgage loan originator shall be subject to the requirements of this chapter to\nthe same extent as if such individual was a licensed mortgage loan originator\nunder this chapter.\n\nHISTORY: 2019, c. 740.","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}}