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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>54762</law_id><section_number>6.2-1603</section_number><catch_line>Application for license; form; content; fee</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>6.2-1606</reference></referred_to_by><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="16">Mortgage Lenders and Mortgage Brokers</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> An application for a license under this chapter shall be made in writing, under <span class="dictionary">oath</span> and on a form provided by the <span class="dictionary">Commissioner</span>. <a id="paragraph-200996" class="section-permalink" href="https://vacode.org/6.2-1603/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The application shall set forth: <a id="paragraph-200997" class="section-permalink" href="https://vacode.org/6.2-1603/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B1" class="indent-1"><p><span class="prefix-number">1.</span> The name and address of the applicant; <a id="paragraph-200998" class="section-permalink" href="https://vacode.org/6.2-1603/#B1"><i class="fa fa-link"/></a></p></section>
						<section id="B2" class="indent-1"><p><span class="prefix-number">2.</span> If the applicant is a firm or partnership, the name and address of each member of the firm or partnership; <a id="paragraph-200999" class="section-permalink" href="https://vacode.org/6.2-1603/#B2"><i class="fa fa-link"/></a></p></section>
						<section id="B3" class="indent-1"><p><span class="prefix-number">3.</span> If the applicant is a corporation or a limited liability company, the name and address of each officer, director, registered agent and each <span class="dictionary">principal</span>; <a id="paragraph-201000" class="section-permalink" href="https://vacode.org/6.2-1603/#B3"><i class="fa fa-link"/></a></p></section>
						<section id="B4" class="indent-1"><p><span class="prefix-number">4.</span> The address of each <span class="dictionary">office</span> at which the business to be licensed is to be conducted; <a id="paragraph-201001" class="section-permalink" href="https://vacode.org/6.2-1603/#B4"><i class="fa fa-link"/></a></p></section>
						<section id="B5" class="indent-1"><p><span class="prefix-number">5.</span> Whether the applicant seeks a license to act as a <span class="dictionary">mortgage lender</span>, <span class="dictionary">mortgage broker</span>, or both; and <a id="paragraph-201002" class="section-permalink" href="https://vacode.org/6.2-1603/#B5"><i class="fa fa-link"/></a></p></section>
						<section id="B6" class="indent-1"><p><span class="prefix-number">6.</span> Such other information concerning the financial responsibility, background, experience and activities of the applicant and its members, officers, directors, and <span class="dictionary">principals</span> as the <span class="dictionary">Commissioner</span> may require. <a id="paragraph-201003" class="section-permalink" href="https://vacode.org/6.2-1603/#B6"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> The application shall be accompanied by payment of the following fees: <a id="paragraph-201004" class="section-permalink" href="https://vacode.org/6.2-1603/#C"><i class="fa fa-link"/></a></p></section>
						<section id="C1" class="indent-1"><p><span class="prefix-number">1.</span> A license application fee of:
				a. In the case of an application for a license to act as a <span class="dictionary">mortgage lender</span> or a <span class="dictionary">mortgage broker</span>, $500; or
				b. In the case of an application for a license to act as both <span class="dictionary">mortgage lender</span> and <span class="dictionary">mortgage broker</span>, $1,000; and <a id="paragraph-201005" class="section-permalink" href="https://vacode.org/6.2-1603/#C1"><i class="fa fa-link"/></a></p></section>
						<section id="C2" class="indent-1"><p><span class="prefix-number">2.</span> An application fee of $150 for each <span class="dictionary">office</span> at which the business to be licensed is to be conducted. <a id="paragraph-201006" class="section-permalink" href="https://vacode.org/6.2-1603/#C2"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> The application fees shall not be refundable in any event. The fees shall not be abated by surrender, suspension or <span class="dictionary">revocation</span> of the license. <a id="paragraph-201007" class="section-permalink" href="https://vacode.org/6.2-1603/#D"><i class="fa fa-link"/></a></p></section></text><history>1987, c. 596, &#xA7; 6.1-412; 1989, c. 411; 1992, c. 283; 1993, c. 183; 2010, c. 794; 2011, c. 435.</history><metadata></metadata></law>
