{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-2043.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-2043.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-2043.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-2043.html"}],"law_id":57456,"edition_id":1,"section_id":57456,"structure_id":14206,"section_number":"6.2-2043","catch_line":"Suspension or revocation of license","history":"2020, c. 785.","full_text":"A\n\nThe Commission may suspend or revoke any license issued under this chapter upon any of the following grounds:1\n\nAny ground for denial of a license under this chapter;2\n\nAny violation of the provisions of this chapter or regulations adopted by the Commission thereunder, or a violation of any other law or regulation applicable to the conduct of the licensee’s business;3\n\nA course of conduct consisting of the failure to perform written agreements with consumers;4\n\nConviction of a felony or misdemeanor involving fraud, misrepresentation, or deceit;5\n\nEntry of a judgment against the licensee involving fraud, misrepresentation, or deceit;6\n\nEntry of a federal or state administrative order against such licensee for violation of any law or any regulation applicable to the conduct of his business;7\n\nRefusal to permit an investigation or examination by the Commission;8\n\nFailure to pay any fee or assessment imposed by this chapter;9\n\nFailure to comply with any order of the Commission; or10\n\nInsolvency of the licensee.B\n\nFor the purposes of this section, acts of any officer, director, member, trustee, beneficiary, partner, or principal shall be deemed acts of the licensee.","order_by":null,"text":{"0":{"id":210522,"text":"The Commission may suspend or revoke any license issued under this chapter upon any of the following grounds:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":210523,"text":"Any ground for denial of a license under this chapter;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":210524,"text":"Any violation of the provisions of this chapter or regulations adopted by the Commission thereunder, or a violation of any other law or regulation applicable to the conduct of the licensee’s business;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":210525,"text":"A course of conduct consisting of the failure to perform written agreements with consumers;","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":210526,"text":"Conviction of a felony or misdemeanor involving fraud, misrepresentation, or deceit;","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"A5"},"5":{"id":210527,"text":"Entry of a judgment against the licensee involving fraud, misrepresentation, or deceit;","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2,"prior_prefix":"A4","next_prefix":"A6"},"6":{"id":210528,"text":"Entry of a federal or state administrative order against such licensee for violation of any law or any regulation applicable to the conduct of his business;","type":"section","prefixes":["A","6"],"prefix":"6","entire_prefix":"A6","prefix_anchor":"A6","level":2,"prior_prefix":"A5","next_prefix":"A7"},"7":{"id":210529,"text":"Refusal to permit an investigation or examination by the Commission;","type":"section","prefixes":["A","7"],"prefix":"7","entire_prefix":"A7","prefix_anchor":"A7","level":2,"prior_prefix":"A6","next_prefix":"A8"},"8":{"id":210530,"text":"Failure to pay any fee or assessment imposed by this chapter;","type":"section","prefixes":["A","8"],"prefix":"8","entire_prefix":"A8","prefix_anchor":"A8","level":2,"prior_prefix":"A7","next_prefix":"A9"},"9":{"id":210531,"text":"Failure to comply with any order of the Commission; or","type":"section","prefixes":["A","9"],"prefix":"9","entire_prefix":"A9","prefix_anchor":"A9","level":2,"prior_prefix":"A8","next_prefix":"A10"},"10":{"id":210532,"text":"Insolvency of the licensee.","type":"section","prefixes":["A","10"],"prefix":"10","entire_prefix":"A10","prefix_anchor":"A10","level":2,"prior_prefix":"A9","next_prefix":"B"},"11":{"id":210533,"text":"For the purposes of this section, acts of any officer, director, member, trustee, beneficiary, partner, or principal shall be deemed acts of the licensee.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A10"}},"ancestry":[{"id":14206,"edition_id":1,"name":"Debt Settlement Services Providers","identifier":"20.1","label":"chapter","depth":3,"order_by":1,"parent_id":13060,"metadata":{},"date_created":"2026-06-26 03:47:16","date_modified":"2026-06-26 03:47:16","permalink":{"id":266731,"object_type":"structure","relational_id":14206,"identifier":"20.1","token":"6.2\/III\/20.1","url":"\/6.2\/III\/20.1\/","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":76223,"structure_id":14206,"section_number":"6.2-2026","catch_line":"Definitions","url":"\/6.2-2026\/","token":"6.2\/III\/20.1\/6.2-2026","metadata":false},{"id":55395,"structure_id":14206,"section_number":"6.2-2027","catch_line":"License requirement; exceptions","url":"\/6.2-2027\/","token":"6.2\/III\/20.1\/6.2-2027","metadata":false},{"id":70448,"structure_id":14206,"section_number":"6.2-2028","catch_line":"Application for license; form; content; fee","url":"\/6.2-2028\/","token":"6.2\/III\/20.1\/6.2-2028","metadata":false},{"id":83350,"structure_id":14206,"section_number":"6.2-2029","catch_line":"Bond required","url":"\/6.2-2029\/","token":"6.2\/III\/20.1\/6.2-2029","metadata":false},{"id":58352,"structure_id":14206,"section_number":"6.2-2030","catch_line":"Investigation of applications","url":"\/6.2-2030\/","token":"6.2\/III\/20.1\/6.2-2030","metadata":false},{"id":67583,"structure_id":14206,"section_number":"6.2-2031","catch_line":"Qualifications","url":"\/6.2-2031\/","token":"6.2\/III\/20.1\/6.2-2031","metadata":false},{"id":63306,"structure_id":14206,"section_number":"6.2-2032","catch_line":"Licenses; places of business; changes","url":"\/6.2-2032\/","token":"6.2\/III\/20.1\/6.2-2032","metadata":false},{"id":80384,"structure_id":14206,"section_number":"6.2-2033","catch_line":"Acquisition of control; application","url":"\/6.2-2033\/","token":"6.2\/III\/20.1\/6.2-2033","metadata":false},{"id":87030,"structure_id":14206,"section_number":"6.2-2034","catch_line":"Retention of books, accounts, and records; responding to Bureau","url":"\/6.2-2034\/","token":"6.2\/III\/20.1\/6.2-2034","metadata":false},{"id":83844,"structure_id":14206,"section_number":"6.2-2035","catch_line":"Annual report","url":"\/6.2-2035\/","token":"6.2\/III\/20.1\/6.2-2035","metadata":false},{"id":85989,"structure_id":14206,"section_number":"6.2-2036","catch_line":"Other reporting requirements","url":"\/6.2-2036\/","token":"6.2\/III\/20.1\/6.2-2036","metadata":false},{"id":79999,"structure_id":14206,"section_number":"6.2-2037","catch_line":"Investigations; examinations","url":"\/6.2-2037\/","token":"6.2\/III\/20.1\/6.2-2037","metadata":false},{"id":80270,"structure_id":14206,"section_number":"6.2-2038","catch_line":"Annual fees","url":"\/6.2-2038\/","token":"6.2\/III\/20.1\/6.2-2038","metadata":false},{"id":82260,"structure_id":14206,"section_number":"6.2-2039","catch_line":"Regulations","url":"\/6.2-2039\/","token":"6.2\/III\/20.1\/6.2-2039","metadata":false},{"id":56890,"structure_id":14206,"section_number":"6.2-2040","catch_line":"Licensees providing debt settlement services; 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referral by Commission to Attorney General","url":"\/6.2-2049\/","token":"6.2\/III\/20.1\/6.2-2049","metadata":false},{"id":83927,"structure_id":14206,"section_number":"6.2-2050","catch_line":"Violation of the Virginia Consumer Protection Act","url":"\/6.2-2050\/","token":"6.2\/III\/20.1\/6.2-2050","metadata":false}],"previous_section":{"id":66000,"structure_id":14206,"section_number":"6.2-2042","catch_line":"Advertising","url":"\/6.2-2042\/","token":"6.2\/III\/20.1\/6.2-2042","metadata":false},"next_section":{"id":85206,"structure_id":14206,"section_number":"6.2-2044","catch_line":"Cease and desist orders","url":"\/6.2-2044\/","token":"6.2\/III\/20.1\/6.2-2044","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-2043\/","history_text":"

This law was first created in 2020. The record of its establishment is cataloged in chapter 785<\/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":65724,"section_number":"6.2-2045","catch_line":"Notice of proposed suspension or revocation","order_by":null,"url":"\/6.2-2045\/"},{"id":64784,"section_number":"6.2-2046","catch_line":"Civil penalties","order_by":null,"url":"\/6.2-2046\/"}],"refers_to":false,"permalink":{"id":266801,"object_type":"law","relational_id":57456,"identifier":"6.2-2043","token":"6.2\/III\/20.1\/6.2-2043","url":"\/6.2-2043\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-2043\/","token":"6.2\/III\/20.1\/6.2-2043","dublin_core":{"Title":"Suspension or revocation of license","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-2043","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Commission<\/span> may suspend or revoke any license issued under this chapter upon any of the following grounds: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Any ground for denial of a license under this chapter; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Any violation of the provisions of this chapter or regulations adopted by the Commission<\/span> thereunder, or a violation of any other law<\/span> or regulation applicable to the conduct of the licensee<\/span>’s business; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> A course of conduct consisting of the failure to perform written agreements with consumers<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Conviction<\/span> of a felony<\/span> or misdemeanor<\/span> involving fraud<\/span>, misrepresentation, or deceit; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Entry of a judgment<\/span> against the licensee<\/span> involving fraud<\/span>, misrepresentation, or deceit; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Entry of a federal or state administrative order<\/span> against such licensee<\/span> for violation of any law<\/span> or any regulation applicable to the conduct of his business; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> Refusal to permit an investigation or examination by the Commission<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> Failure to pay any fee or assessment imposed by this chapter; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> Failure to comply with any order<\/span> of the Commission<\/span>; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

10.<\/span> Insolvency of the licensee<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> For the purposes of this section, acts of any officer, director, member, trustee, beneficiary, partner, or principal<\/span> shall be deemed acts of the licensee<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSUSPENSION OR REVOCATION OF LICENSE (\u00a7 6.2-2043)\n\nA. The Commission may suspend or revoke any license issued under this chapter\nupon any of the following grounds:\n\n 1. Any ground for denial of a license under this chapter;\n\n 2. Any violation of the provisions of this chapter or regulations adopted by\n the Commission thereunder, or a violation of any other law or regulation\n applicable to the conduct of the licensee’s business;\n\n 3. A course of conduct consisting of the failure to perform written agreements\n with consumers;\n\n 4. Conviction of a felony or misdemeanor involving fraud, misrepresentation,\n or deceit;\n\n 5. Entry of a judgment against the licensee involving fraud,\n misrepresentation, or deceit;\n\n 6. Entry of a federal or state administrative order against such licensee for\n violation of any law or any regulation applicable to the conduct of his\n business;\n\n 7. Refusal to permit an investigation or examination by the Commission;\n\n 8. Failure to pay any fee or assessment imposed by this chapter;\n\n 9. Failure to comply with any order of the Commission; or\n\n 10. Insolvency of the licensee.\n\nB. For the purposes of this section, acts of any officer, director, member,\ntrustee, beneficiary, partner, or principal shall be deemed acts of the\nlicensee.\n\nHISTORY: 2020, c. 785.","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}}