{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-2603.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-2603.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-2603.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-2603.html"}],"law_id":56136,"edition_id":1,"section_id":56136,"structure_id":12857,"section_number":"6.2-2603","catch_line":"Application for license; form; content; fee","history":"2020, cc. 1198, 1250.","full_text":"A\n\nAn application for a license under this chapter shall be made in writing and on a form provided by the Commission.B\n\nThe application shall set forth:1\n\nThe name and address of the applicant, the name and address of each senior officer, and (i) if the applicant is a partnership, firm, or association, the name and address of each partner or member; (ii) if the applicant is a corporation or limited liability company, the name and address of each director, member, registered agent, and principal; or (iii) if the applicant is a business trust, the name and address of each trustee;2\n\nThe address of the principal place of business to be licensed;3\n\nSuch other information concerning the financial responsibility, background, experience, and general fitness of the applicant and its members, senior officers, directors, trustees, and principals as the Commissioner may require; and4\n\nAny other pertinent information that the Commissioner may require.C\n\nThe application shall be accompanied by payment of a nonrefundable application fee as prescribed by the Commission. The fee shall not be abated by surrender, suspension, or revocation of the license.D\n\nIf the Commissioner requests information to complete a deficient application and the information is not received within 60 days of the Commissioner’s request, the application shall be deemed abandoned unless a request for an extension of time is received and approved by the Commissioner prior to the expiration of the 60-day period. However, this subsection shall not be construed to prohibit the Commission from denying a license application that does not meet the requirements of this chapter.","order_by":null,"text":{"0":{"id":205730,"text":"An application for a license under this chapter shall be made in writing and on a form provided by the Commission.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":205731,"text":"The application shall set forth:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":205732,"text":"The name and address of the applicant, the name and address of each senior officer, and (i) if the applicant is a partnership, firm, or association, the name and address of each partner or member; (ii) if the applicant is a corporation or limited liability company, the name and address of each director, member, registered agent, and principal; or (iii) if the applicant is a business trust, the name and address of each trustee;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":205733,"text":"The address of the principal place of business to be licensed;","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":205734,"text":"Such other information concerning the financial responsibility, background, experience, and general fitness of the applicant and its members, senior officers, directors, trustees, and principals as the Commissioner may require; and","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"B4"},"5":{"id":205735,"text":"Any other pertinent information that the Commissioner may require.","type":"section","prefixes":["B","4"],"prefix":"4","entire_prefix":"B4","prefix_anchor":"B4","level":2,"prior_prefix":"B3","next_prefix":"C"},"6":{"id":205736,"text":"The application shall be accompanied by payment of a nonrefundable application fee as prescribed by the Commission. The fee shall not be abated by surrender, suspension, or revocation of the license.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B4","next_prefix":"D"},"7":{"id":205737,"text":"If the Commissioner requests information to complete a deficient application and the information is not received within 60 days of the Commissioner’s request, the application shall be deemed abandoned unless a request for an extension of time is received and approved by the Commissioner prior to the expiration of the 60-day period. However, this subsection shall not be construed to prohibit the Commission from denying a license application that does not meet the requirements of this chapter.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":12857,"edition_id":1,"name":"Qualified Education Loan Servicers","identifier":"26","label":"chapter","depth":3,"order_by":1,"parent_id":12856,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":267179,"object_type":"structure","relational_id":12857,"identifier":"26","token":"6.2\/IV\/26","url":"\/6.2\/IV\/26\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12856,"edition_id":1,"name":"Other Financial Activities","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":267075,"object_type":"structure","relational_id":12856,"identifier":"IV","token":"6.2\/IV","url":"\/6.2\/IV\/","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":79869,"structure_id":12857,"section_number":"6.2-2600","catch_line":"Definitions","url":"\/6.2-2600\/","token":"6.2\/IV\/26\/6.2-2600","metadata":false},{"id":56387,"structure_id":12857,"section_number":"6.2-2601","catch_line":"License requirement; exceptions","url":"\/6.2-2601\/","token":"6.2\/IV\/26\/6.2-2601","metadata":false},{"id":62840,"structure_id":12857,"section_number":"6.2-2602","catch_line":"Licensure of qualified education loan servicers; automatic issuance of license for federal student loan servicing contractors","url":"\/6.2-2602\/","token":"6.2\/IV\/26\/6.2-2602","metadata":false},{"id":56136,"structure_id":12857,"section_number":"6.2-2603","catch_line":"Application for license; form; content; fee","url":"\/6.2-2603\/","token":"6.2\/IV\/26\/6.2-2603","metadata":false},{"id":86504,"structure_id":12857,"section_number":"6.2-2604","catch_line":"Bond required","url":"\/6.2-2604\/","token":"6.2\/IV\/26\/6.2-2604","metadata":false},{"id":71805,"structure_id":12857,"section_number":"6.2-2605","catch_line":"Investigation of applications","url":"\/6.2-2605\/","token":"6.2\/IV\/26\/6.2-2605","metadata":false},{"id":77205,"structure_id":12857,"section_number":"6.2-2606","catch_line":"Qualifications","url":"\/6.2-2606\/","token":"6.2\/IV\/26\/6.2-2606","metadata":false},{"id":56065,"structure_id":12857,"section_number":"6.2-2607","catch_line":"Licenses; place of business; changes; renewal","url":"\/6.2-2607\/","token":"6.2\/IV\/26\/6.2-2607","metadata":false},{"id":79671,"structure_id":12857,"section_number":"6.2-2608","catch_line":"Retention of records; responding to the Bureau","url":"\/6.2-2608\/","token":"6.2\/IV\/26\/6.2-2608","metadata":false},{"id":76529,"structure_id":12857,"section_number":"6.2-2609","catch_line":"Acquisition of control; application","url":"\/6.2-2609\/","token":"6.2\/IV\/26\/6.2-2609","metadata":false},{"id":82485,"structure_id":12857,"section_number":"6.2-2610","catch_line":"Prohibited activities; compliance with federal laws and regulations","url":"\/6.2-2610\/","token":"6.2\/IV\/26\/6.2-2610","metadata":false},{"id":77018,"structure_id":12857,"section_number":"6.2-2611","catch_line":"Affirmative acts required of qualified education loan servicers","url":"\/6.2-2611\/","token":"6.2\/IV\/26\/6.2-2611","metadata":false},{"id":65901,"structure_id":12857,"section_number":"6.2-2612","catch_line":"Reporting requirements","url":"\/6.2-2612\/","token":"6.2\/IV\/26\/6.2-2612","metadata":false},{"id":80772,"structure_id":12857,"section_number":"6.2-2613","catch_line":"Investigations; 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automatic issuance of license for federal student loan servicing contractors","url":"\/6.2-2602\/","token":"6.2\/IV\/26\/6.2-2602","metadata":false},"next_section":{"id":86504,"structure_id":12857,"section_number":"6.2-2604","catch_line":"Bond required","url":"\/6.2-2604\/","token":"6.2\/IV\/26\/6.2-2604","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-2603\/","history_text":"

This law was first created in 2020. The record of its establishment is cataloged in chapters 1198<\/a> and 1250<\/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":62840,"section_number":"6.2-2602","catch_line":"Licensure of qualified education loan servicers; automatic issuance of license for federal student loan servicing contractors","order_by":null,"url":"\/6.2-2602\/"},{"id":77205,"section_number":"6.2-2606","catch_line":"Qualifications","order_by":null,"url":"\/6.2-2606\/"}],"refers_to":false,"permalink":{"id":267193,"object_type":"law","relational_id":56136,"identifier":"6.2-2603","token":"6.2\/IV\/26\/6.2-2603","url":"\/6.2-2603\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-2603\/","token":"6.2\/IV\/26\/6.2-2603","dublin_core":{"Title":"Application for license; form; content; fee","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-2603","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> An application for a license under this chapter shall be made in writing and on a form provided by the Commission<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The application shall set forth: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The name and address of the applicant, the name and address of each senior officer, and (i) if the applicant is a partnership, firm, or association, the name and address of each partner or member; (ii) if the applicant is a corporation or limited liability company, the name and address of each director, member, registered agent, and principal<\/span>; or (iii) if the applicant is a business trust, the name and address of each trustee; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The address of the principal<\/span> place of business to be licensed; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Such other information concerning the financial responsibility, background, experience, and general fitness of the applicant and its members, senior officers, directors, trustees, and principals<\/span> as the Commissioner<\/span> may require; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Any other pertinent information that the Commissioner<\/span> may require. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The application shall be accompanied by payment of a nonrefundable application fee as prescribed by the Commission<\/span>. The fee shall not be abated by surrender, suspension, or revocation<\/span> of the license. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> If the Commissioner<\/span> requests information to complete a deficient application and the information is not received within 60 days of the Commissioner<\/span>’s request, the application shall be deemed abandoned unless a request for an extension of time is received and approved by the Commissioner<\/span> prior to the expiration of the 60-day period. However, this subsection shall not be construed to prohibit the Commission<\/span> from denying a license application that does not meet the requirements of this chapter. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAPPLICATION FOR LICENSE; FORM; CONTENT; FEE (\u00a7 6.2-2603)\n\nA. An application for a license under this chapter shall be made in writing and\non a form provided by the Commission.\n\nB. The application shall set forth:\n\n 1. The name and address of the applicant, the name and address of each senior\n officer, and (i) if the applicant is a partnership, firm, or association, the\n name and address of each partner or member; (ii) if the applicant is a\n corporation or limited liability company, the name and address of each\n director, member, registered agent, and principal; or (iii) if the applicant\n is a business trust, the name and address of each trustee;\n\n 2. The address of the principal place of business to be licensed;\n\n 3. Such other information concerning the financial responsibility, background,\n experience, and general fitness of the applicant and its members, senior\n officers, directors, trustees, and principals as the Commissioner may require;\n and\n\n 4. Any other pertinent information that the Commissioner may require.\n\nC. The application shall be accompanied by payment of a nonrefundable\napplication fee as prescribed by the Commission. The fee shall not be abated by\nsurrender, suspension, or revocation of the license.\n\nD. If the Commissioner requests information to complete a deficient application\nand the information is not received within 60 days of the Commissioner’s\nrequest, the application shall be deemed abandoned unless a request for an\nextension of time is received and approved by the Commissioner prior to the\nexpiration of the 60-day period. However, this subsection shall not be construed\nto prohibit the Commission from denying a license application that does not meet\nthe requirements of this chapter.\n\nHISTORY: 2020, cc. 1198, 1250.","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}}