{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1714.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1714.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1714.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1714.html"}],"law_id":76664,"edition_id":1,"section_id":76664,"structure_id":14519,"section_number":"6.2-1714","catch_line":"Annual fees","history":"2009, cc. 273, 453, \u00a7 6.1-431.15; 2010, c. 794.","full_text":"A\n\nIn order to defray the costs of his examination, supervision, and regulation, every licensee shall pay an annual license renewal fee. The fee shall be $100 unless another amount is prescribed by the Commission. The renewal fee shall be paid by the licensee to the State Treasurer or through the Registry, as determined by the Commission, on or before the end of each license year.B\n\nWhen it becomes necessary to examine or investigate the books and records of an individual required to be licensed under this chapter at a location outside the Commonwealth, the individual shall be liable for and shall pay to the Commission within 30 days of the presentation of an itemized statement, the actual travel and reasonable living expenses incurred on account of his examination, supervision, and regulation, or shall pay a reasonable per diem rate approved by the Commission. Any sums due pursuant to this subsection shall be in addition to the annual fee prescribed in subsection A.C\n\nIf an individual is an employee or exclusive agent of a person licensed under Chapter 16 (§ 6.2-1600 et seq.), the expenses referred to in subsection B shall be paid by the licensed mortgage lender or mortgage broker.","order_by":null,"text":{"0":{"id":275181,"text":"In order to defray the costs of his examination, supervision, and regulation, every licensee shall pay an annual license renewal fee. The fee shall be $100 unless another amount is prescribed by the Commission. The renewal fee shall be paid by the licensee to the State Treasurer or through the Registry, as determined by the Commission, on or before the end of each license year.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":275182,"text":"When it becomes necessary to examine or investigate the books and records of an individual required to be licensed under this chapter at a location outside the Commonwealth, the individual shall be liable for and shall pay to the Commission within 30 days of the presentation of an itemized statement, the actual travel and reasonable living expenses incurred on account of his examination, supervision, and regulation, or shall pay a reasonable per diem rate approved by the Commission. Any sums due pursuant to this subsection shall be in addition to the annual fee prescribed in subsection A.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":275183,"text":"If an individual is an employee or exclusive agent of a person licensed under Chapter 16 (§ 6.2-1600 et seq.), the expenses referred to in subsection B shall be paid by the licensed mortgage lender or mortgage broker.","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 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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1714\/","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 1 time. 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. That modification is as follows: in 2010, chapter 794<\/a>.<\/p>","references":[{"id":62238,"section_number":"6.2-1711","catch_line":"Licenses; places of business; changes","order_by":null,"url":"\/6.2-1711\/"}],"refers_to":[{"id":71155,"section_number":"6.2-1600","catch_line":"Definitions","order_by":null,"url":"\/6.2-1600\/"}],"permalink":{"id":266203,"object_type":"law","relational_id":76664,"identifier":"6.2-1714","token":"6.2\/III\/17\/6.2-1714","url":"\/6.2-1714\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1714\/","token":"6.2\/III\/17\/6.2-1714","dublin_core":{"Title":"Annual fees","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1714","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> In order<\/span> to defray the costs of his examination, supervision, and regulation, every licensee<\/span> shall pay an annual license renewal fee. The fee shall be $100 unless another amount is prescribed by the Commission<\/span>. The renewal fee shall be paid by the licensee<\/span> to the State Treasurer or through the Registry<\/span>, as determined by the Commission<\/span>, on or before the end of each license year. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> When it becomes necessary to examine or investigate the books and records of an individual required to be licensed under this chapter at a location outside the Commonwealth, the individual shall be liable for and shall pay to the Commission<\/span> within 30 days of the presentation of an itemized statement, the actual travel and reasonable living expenses incurred on account of his examination, supervision, and regulation, or shall pay a reasonable per diem rate approved by the Commission<\/span>. Any sums due pursuant to this subsection shall be in addition to the annual fee prescribed in subsection A. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> If an individual is an employee<\/span> or exclusive agent of a person<\/span> licensed under Chapter 16 (§ 6.2-1600<\/a> et seq.), the expenses referred to in subsection B shall be paid by the licensed mortgage lender or mortgage broker. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nANNUAL FEES (\u00a7 6.2-1714)\n\nA. In order to defray the costs of his examination, supervision, and regulation,\nevery licensee shall pay an annual license renewal fee. The fee shall be $100\nunless another amount is prescribed by the Commission. The renewal fee shall be\npaid by the licensee to the State Treasurer or through the Registry, as\ndetermined by the Commission, on or before the end of each license year.\n\nB. When it becomes necessary to examine or investigate the books and records of\nan individual required to be licensed under this chapter at a location outside\nthe Commonwealth, the individual shall be liable for and shall pay to the\nCommission within 30 days of the presentation of an itemized statement, the\nactual travel and reasonable living expenses incurred on account of his\nexamination, supervision, and regulation, or shall pay a reasonable per diem\nrate approved by the Commission. Any sums due pursuant to this subsection shall\nbe in addition to the annual fee prescribed in subsection A.\n\nC. If an individual is an employee or exclusive agent of a person licensed under\nChapter 16 (§ 6.2-1600 et seq.), the expenses referred to in subsection B\nshall be paid by the licensed mortgage lender or mortgage broker.\n\nHISTORY: 2009, cc. 273, 453, \u00a7 6.1-431.15; 2010, c. 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}}