{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1701.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1701.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1701.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1701.html"}],"law_id":68765,"edition_id":1,"section_id":68765,"structure_id":14519,"section_number":"6.2-1701","catch_line":"License requirement","history":"2009, cc. 273, 453, \u00a7 6.1-431.2; 2010, c. 794; 2012, cc. 52, 187; 2013, cc. 20, 380; 2014, cc. 295, 343; 2019, c. 740.","full_text":"A\n\nExcept as otherwise provided in § 6.2-1701.3, no individual shall engage in the business of a mortgage loan originator unless such individual has first obtained and maintains annually a license under this chapter.B\n\nThe following shall be exempt from licensing and other provisions of this chapter:1\n\nAny individual engaged solely as a loan processor or underwriter. Except as otherwise provided in this subsection, an individual acting as an independent contractor may not engage in residential mortgage loan origination activities as a loan processor or underwriter unless such individual has first obtained and maintains annually a mortgage loan originator license;2\n\nAny individual who only performs administrative or clerical tasks on behalf of a mortgage loan originator;3\n\nAny individual who only performs real estate brokerage activities and is licensed or registered in accordance with applicable law, unless the individual is compensated directly or indirectly by the lender, a mortgage broker, or other mortgage loan originator or by any agent of such lender, mortgage broker, or other mortgage loan originator;4\n\nAny individual solely involved in extensions of credit relating to timeshare plans, as that term is defined in 11 U.S.C. § 101 (53D);5\n\nA registered mortgage loan originator;6\n\nAny individual who offers or negotiates terms of a residential mortgage loan with or on behalf of an immediate family member of the individual;7\n\nAny individual who acts as a loan originator in providing financing for the sale of that individual’s own residence;8\n\nA licensed attorney, provided that the attorney’s mortgage loan origination activities are: (i) considered by the Supreme Court of Virginia to be part of the authorized practice of law within the Commonwealth, (ii) carried out within an attorney-client relationship, and (iii) accomplished by the attorney in compliance with all applicable laws, rules, ethics, and standards;9\n\nAny employee of federal, state, or local government, or a housing finance agency, who acts as a mortgage loan originator only pursuant to his official duties of employment. For the purposes of this subdivision, “local government” means any county, city, or town or other local or regional political subdivision; and10\n\nAny employee of a bona fide nonprofit organization, as determined by the Commission in accordance with § 6.2-1701.1, who acts as a mortgage loan originator only (i) pursuant to his official duties of employment and (ii) with respect to residential mortgage loans with terms that are favorable to a borrower.","order_by":null,"text":{"0":{"id":248930,"text":"Except as otherwise provided in § 6.2-1701.3, no individual shall engage in the business of a mortgage loan originator unless such individual has first obtained and maintains annually a license under this chapter.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":248931,"text":"The following shall be exempt from licensing and other provisions of this chapter:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":248932,"text":"Any individual engaged solely as a loan processor or underwriter. Except as otherwise provided in this subsection, an individual acting as an independent contractor may not engage in residential mortgage loan origination activities as a loan processor or underwriter unless such individual has first obtained and maintains annually a mortgage loan originator license;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":248933,"text":"Any individual who only performs administrative or clerical tasks on behalf of a mortgage loan originator;","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":248934,"text":"Any individual who only performs real estate brokerage activities and is licensed or registered in accordance with applicable law, unless the individual is compensated directly or indirectly by the lender, a mortgage broker, or other mortgage loan originator or by any agent of such lender, mortgage broker, or other mortgage loan originator;","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"B4"},"5":{"id":248935,"text":"Any individual solely involved in extensions of credit relating to timeshare plans, as that term is defined in 11 U.S.C. § 101 (53D);","type":"section","prefixes":["B","4"],"prefix":"4","entire_prefix":"B4","prefix_anchor":"B4","level":2,"prior_prefix":"B3","next_prefix":"B5"},"6":{"id":248936,"text":"A registered mortgage loan originator;","type":"section","prefixes":["B","5"],"prefix":"5","entire_prefix":"B5","prefix_anchor":"B5","level":2,"prior_prefix":"B4","next_prefix":"B6"},"7":{"id":248937,"text":"Any individual who offers or negotiates terms of a residential mortgage loan with or on behalf of an immediate family member of the individual;","type":"section","prefixes":["B","6"],"prefix":"6","entire_prefix":"B6","prefix_anchor":"B6","level":2,"prior_prefix":"B5","next_prefix":"B7"},"8":{"id":248938,"text":"Any individual who acts as a loan originator in providing financing for the sale of that individual’s own residence;","type":"section","prefixes":["B","7"],"prefix":"7","entire_prefix":"B7","prefix_anchor":"B7","level":2,"prior_prefix":"B6","next_prefix":"B8"},"9":{"id":248939,"text":"A licensed attorney, provided that the attorney’s mortgage loan origination activities are: (i) considered by the Supreme Court of Virginia to be part of the authorized practice of law within the Commonwealth, (ii) carried out within an attorney-client relationship, and (iii) accomplished by the attorney in compliance with all applicable laws, rules, ethics, and standards;","type":"section","prefixes":["B","8"],"prefix":"8","entire_prefix":"B8","prefix_anchor":"B8","level":2,"prior_prefix":"B7","next_prefix":"B9"},"10":{"id":248940,"text":"Any employee of federal, state, or local government, or a housing finance agency, who acts as a mortgage loan originator only pursuant to his official duties of employment. For the purposes of this subdivision, “local government” means any county, city, or town or other local or regional political subdivision; and","type":"section","prefixes":["B","9"],"prefix":"9","entire_prefix":"B9","prefix_anchor":"B9","level":2,"prior_prefix":"B8","next_prefix":"B10"},"11":{"id":248941,"text":"Any employee of a bona fide nonprofit organization, as determined by the Commission in accordance with § 6.2-1701.1, who acts as a mortgage loan originator only (i) pursuant to his official duties of employment and (ii) with respect to residential mortgage loans with terms that are favorable to a borrower.","type":"section","prefixes":["B","10"],"prefix":"10","entire_prefix":"B10","prefix_anchor":"B10","level":2,"prior_prefix":"B9"}},"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 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":70948,"structure_id":14519,"section_number":"6.2-1700","catch_line":"Definitions","url":"\/6.2-1700\/","token":"6.2\/III\/17\/6.2-1700","metadata":false},{"id":68765,"structure_id":14519,"section_number":"6.2-1701","catch_line":"License requirement","url":"\/6.2-1701\/","token":"6.2\/III\/17\/6.2-1701","metadata":false},{"id":85304,"structure_id":14519,"section_number":"6.2-1701.1","catch_line":"Bona fide nonprofit organizations","url":"\/6.2-1701.1\/","token":"6.2\/III\/17\/6.2-1701.1","metadata":false},{"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},{"id":74984,"structure_id":14519,"section_number":"6.2-1701.3","catch_line":"Temporary authority to act as a mortgage loan originator","url":"\/6.2-1701.3\/","token":"6.2\/III\/17\/6.2-1701.3","metadata":false},{"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},{"id":60886,"structure_id":14519,"section_number":"6.2-1703","catch_line":"Bond required","url":"\/6.2-1703\/","token":"6.2\/III\/17\/6.2-1703","metadata":false},{"id":63021,"structure_id":14519,"section_number":"6.2-1704","catch_line":"Mortgage loan originator background checks","url":"\/6.2-1704\/","token":"6.2\/III\/17\/6.2-1704","metadata":false},{"id":80126,"structure_id":14519,"section_number":"6.2-1705","catch_line":"Coordination of licensing","url":"\/6.2-1705\/","token":"6.2\/III\/17\/6.2-1705","metadata":false},{"id":76977,"structure_id":14519,"section_number":"6.2-1706","catch_line":"Qualifications","url":"\/6.2-1706\/","token":"6.2\/III\/17\/6.2-1706","metadata":false},{"id":57179,"structure_id":14519,"section_number":"6.2-1707","catch_line":"Other conditions for mortgage loan originator licensing","url":"\/6.2-1707\/","token":"6.2\/III\/17\/6.2-1707","metadata":false},{"id":74630,"structure_id":14519,"section_number":"6.2-1708","catch_line":"Pre-licensing education of mortgage loan originators","url":"\/6.2-1708\/","token":"6.2\/III\/17\/6.2-1708","metadata":false},{"id":86756,"structure_id":14519,"section_number":"6.2-1709","catch_line":"Testing of mortgage loan originator applicants","url":"\/6.2-1709\/","token":"6.2\/III\/17\/6.2-1709","metadata":false},{"id":73180,"structure_id":14519,"section_number":"6.2-1710","catch_line":"Continuing education requirements","url":"\/6.2-1710\/","token":"6.2\/III\/17\/6.2-1710","metadata":false},{"id":62238,"structure_id":14519,"section_number":"6.2-1711","catch_line":"Licenses; places of business; changes","url":"\/6.2-1711\/","token":"6.2\/III\/17\/6.2-1711","metadata":false},{"id":75970,"structure_id":14519,"section_number":"6.2-1712","catch_line":"Repealed","url":"\/6.2-1712\/","token":"6.2\/III\/17\/6.2-1712","metadata":false},{"id":74171,"structure_id":14519,"section_number":"6.2-1712.1","catch_line":"Inactive mortgage loan originator licenses","url":"\/6.2-1712.1\/","token":"6.2\/III\/17\/6.2-1712.1","metadata":false},{"id":61396,"structure_id":14519,"section_number":"6.2-1713","catch_line":"Investigations; examinations","url":"\/6.2-1713\/","token":"6.2\/III\/17\/6.2-1713","metadata":false},{"id":76664,"structure_id":14519,"section_number":"6.2-1714","catch_line":"Annual fees","url":"\/6.2-1714\/","token":"6.2\/III\/17\/6.2-1714","metadata":false},{"id":68427,"structure_id":14519,"section_number":"6.2-1715","catch_line":"Advertising; use of a unique identifier","url":"\/6.2-1715\/","token":"6.2\/III\/17\/6.2-1715","metadata":false},{"id":59032,"structure_id":14519,"section_number":"6.2-1716","catch_line":"Suspension or revocation of license","url":"\/6.2-1716\/","token":"6.2\/III\/17\/6.2-1716","metadata":false},{"id":86396,"structure_id":14519,"section_number":"6.2-1717","catch_line":"Filing of written report with Commissioner; events affecting a licensee","url":"\/6.2-1717\/","token":"6.2\/III\/17\/6.2-1717","metadata":false},{"id":64231,"structure_id":14519,"section_number":"6.2-1718","catch_line":"Notice of proposed suspension or revocation","url":"\/6.2-1718\/","token":"6.2\/III\/17\/6.2-1718","metadata":false},{"id":60139,"structure_id":14519,"section_number":"6.2-1719","catch_line":"Civil penalties","url":"\/6.2-1719\/","token":"6.2\/III\/17\/6.2-1719","metadata":false},{"id":76095,"structure_id":14519,"section_number":"6.2-1720","catch_line":"Regulations; agreements between Commission and Registry","url":"\/6.2-1720\/","token":"6.2\/III\/17\/6.2-1720","metadata":false},{"id":85681,"structure_id":14519,"section_number":"6.2-1721","catch_line":"Cease and desist orders","url":"\/6.2-1721\/","token":"6.2\/III\/17\/6.2-1721","metadata":false}],"previous_section":{"id":70948,"structure_id":14519,"section_number":"6.2-1700","catch_line":"Definitions","url":"\/6.2-1700\/","token":"6.2\/III\/17\/6.2-1700","metadata":false},"next_section":{"id":85304,"structure_id":14519,"section_number":"6.2-1701.1","catch_line":"Bona fide nonprofit organizations","url":"\/6.2-1701.1\/","token":"6.2\/III\/17\/6.2-1701.1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1701\/","history_text":"

This law was first created in 2009. The record of its establishment is cataloged in chapters 273<\/a> and 453<\/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. It has been modified 5 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 2010, chapter 794<\/a>; in 2012, chapters 52<\/a> and 187<\/a>; in 2013, chapters 20<\/a> and 380<\/a>; in 2014, chapters 295<\/a> and 343<\/a>; in 2019, chapter 740<\/a>.<\/p>","references":false,"refers_to":[{"id":85304,"section_number":"6.2-1701.1","catch_line":"Bona fide nonprofit organizations","order_by":null,"url":"\/6.2-1701.1\/"},{"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\/"}],"permalink":{"id":266135,"object_type":"law","relational_id":68765,"identifier":"6.2-1701","token":"6.2\/III\/17\/6.2-1701","url":"\/6.2-1701\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1701\/","token":"6.2\/III\/17\/6.2-1701","dublin_core":{"Title":"License requirement","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1701","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Except as otherwise provided in § 6.2-1701.3<\/a>, no individual shall engage in the business of a mortgage loan originator<\/span> unless such individual has first obtained and maintains annually a license under this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The following shall be exempt from licensing and other provisions of this chapter: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Any individual engaged solely as a loan processor or underwriter<\/span>. Except as otherwise provided in this subsection, an individual acting as an independent contractor may not engage in residential mortgage loan<\/span> origination activities as a loan processor or underwriter<\/span> unless such individual has first obtained and maintains annually a mortgage loan originator<\/span> license; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Any individual who only performs administrative or clerical tasks<\/span> on behalf of a mortgage loan originator<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Any individual who only performs real estate brokerage activities<\/span> and is licensed or registered in accordance with applicable law<\/span>, unless the individual is compensated directly or indirectly by the lender, a mortgage broker, or other mortgage loan originator<\/span> or by any agent of such lender, mortgage broker, or other mortgage loan originator<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Any individual solely involved in extensions of credit relating to timeshare plans, as that term is defined in 11 U.S.C. § 101 (53D); <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> A registered mortgage loan originator<\/span><\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Any individual who offers or negotiates terms of a residential mortgage loan<\/span> with or on behalf of an immediate family member<\/span> of the individual; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> Any individual who acts<\/span> as a loan originator in providing financing for the sale of that individual’s own residence; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> A licensed attorney, provided that the attorney’s mortgage loan origination activities are: (i) considered by the Supreme Court<\/span> of Virginia to be part of the authorized practice of law<\/span> within the Commonwealth, (ii) carried out within an attorney-client relationship, and (iii) accomplished by the attorney in compliance with all applicable laws<\/span>, rules, ethics, and standards; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> Any employee<\/span> of federal, state, or local government<\/span>, or a housing finance agency, who acts<\/span> as a mortgage loan originator<\/span> only pursuant to his official duties of employment. For the purposes of this subdivision, “local government<\/span>” means any county, city, or town or other local or regional political subdivision; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

10.<\/span> Any employee<\/span> of a bona fide nonprofit organization, as determined by the Commission<\/span> in accordance with § 6.2-1701.1<\/a>, who acts<\/span> as a mortgage loan originator<\/span> only (i) pursuant to his official duties of employment and (ii) with respect to residential mortgage loans<\/span> with terms that are favorable to a borrower. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLICENSE REQUIREMENT (\u00a7 6.2-1701)\n\nA. Except as otherwise provided in § 6.2-1701.3, no individual shall engage\nin the business of a mortgage loan originator unless such individual has first\nobtained and maintains annually a license under this chapter.\n\nB. The following shall be exempt from licensing and other provisions of this\nchapter:\n\n 1. Any individual engaged solely as a loan processor or underwriter. Except as\n otherwise provided in this subsection, an individual acting as an independent\n contractor may not engage in residential mortgage loan origination activities\n as a loan processor or underwriter unless such individual has first obtained\n and maintains annually a mortgage loan originator license;\n\n 2. Any individual who only performs administrative or clerical tasks on behalf\n of a mortgage loan originator;\n\n 3. Any individual who only performs real estate brokerage activities and is\n licensed or registered in accordance with applicable law, unless the\n individual is compensated directly or indirectly by the lender, a mortgage\n broker, or other mortgage loan originator or by any agent of such lender,\n mortgage broker, or other mortgage loan originator;\n\n 4. Any individual solely involved in extensions of credit relating to\n timeshare plans, as that term is defined in 11 U.S.C. § 101 (53D);\n\n 5. A registered mortgage loan originator;\n\n 6. Any individual who offers or negotiates terms of a residential mortgage\n loan with or on behalf of an immediate family member of the individual;\n\n 7. Any individual who acts as a loan originator in providing financing for the\n sale of that individual’s own residence;\n\n 8. A licensed attorney, provided that the attorney’s mortgage loan\n origination activities are: (i) considered by the Supreme Court of Virginia to\n be part of the authorized practice of law within the Commonwealth, (ii)\n carried out within an attorney-client relationship, and (iii) accomplished by\n the attorney in compliance with all applicable laws, rules, ethics, and\n standards;\n\n 9. Any employee of federal, state, or local government, or a housing finance\n agency, who acts as a mortgage loan originator only pursuant to his official\n duties of employment. For the purposes of this subdivision, “local\n government” means any county, city, or town or other local or regional\n political subdivision; and\n\n 10. Any employee of a bona fide nonprofit organization, as determined by the\n Commission in accordance with § 6.2-1701.1, who acts as a mortgage loan\n originator only (i) pursuant to his official duties of employment and (ii)\n with respect to residential mortgage loans with terms that are favorable to a\n borrower.\n\nHISTORY: 2009, cc. 273, 453, \u00a7 6.1-431.2; 2010, c. 794; 2012, cc. 52, 187;\n2013, cc. 20, 380; 2014, cc. 295, 343; 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}}