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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>56011</law_id><section_number>6.2-1511</section_number><catch_line>Revocation of license</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="6.2">Financial Institutions and Services</unit><unit label="subtitle" level="2" order_by="1" identifier="III">Other Regulated Providers of Financial Services</unit><unit label="chapter" level="3" order_by="1" identifier="15">Consumer Finance Companies</unit></structure><text>
						<section><p>The <span class="dictionary">Commission</span>, upon 10 days&#x2019; written notice to the <span class="dictionary">licensee</span> stating the contemplated action and in general the grounds therefor, and upon reasonable opportunity to be heard, may revoke any license issued hereunder if it finds that:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> The <span class="dictionary">licensee</span> has failed to pay the annual fee assessed pursuant to &#xA7; <a class="law" title="Fees for examination, supervision and regulation" href="/6.2-1532/">6.2-1532</a> or to comply with any <span class="dictionary">order</span> of the <span class="dictionary">Commission</span> lawfully made pursuant to and within the authority of this chapter; <a id="paragraph-205285" class="section-permalink" href="https://vacode.org/6.2-1511/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> The <span class="dictionary">licensee</span>, either knowingly or without the exercise of due care to prevent the same, has violated any provision of this chapter or any regulation lawfully made by the <span class="dictionary">Commission</span> under &#xA7; <a class="law" title="Regulations and orders" href="/6.2-1535/">6.2-1535</a>; or <a id="paragraph-205286" class="section-permalink" href="https://vacode.org/6.2-1511/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> Any <span class="dictionary">fact</span> or condition exists that clearly would have warranted the <span class="dictionary">Commission</span> to refuse originally to <span class="dictionary">issue</span> the license. <a id="paragraph-205287" class="section-permalink" href="https://vacode.org/6.2-1511/#3"><i class="fa fa-link"/></a></p></section></text><history>Code 1950, &#xA7; 6-290; 1956, c. 71; 1966, c. 584, &#xA7; 6.1-260; 2010, c. 794.</history><metadata></metadata></law>
