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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>80126</law_id><section_number>6.2-1705</section_number><catch_line>Coordination of licensing</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="17">Mortgage Loan Originators</unit></structure><text>
						<section><p>In connection with its administration and enforcement of this chapter, the <span class="dictionary">Commission</span> is authorized to establish agreements or <span class="dictionary">contracts</span> with the <span class="dictionary">Registry</span> or other entities designated by the <span class="dictionary">Registry</span> to collect, distribute, and maintain information and records, and to process transaction fees and other fees, related to <span class="dictionary">licensees</span> and other <span class="dictionary">persons</span> subject to this chapter. When establishing such agreements or <span class="dictionary">contracts</span> the <span class="dictionary">Commission</span> shall not be subject to the Virginia Public Procurement <span class="dictionary">Act</span> (&#xA7;&#xA0;<a class="law" title="Short title; purpose; declaration of intent" href="/2.2-4300/">2.2-4300</a> et seq.). Notwithstanding the provisions of &#xA7;&#xA0;<a class="law" title="Confidentiality of information" href="/6.2-101/">6.2-101</a>, the <span class="dictionary">Commission</span> shall report regularly to the <span class="dictionary">Registry</span> any violations of this chapter, enforcement actions, and license status changes. The <span class="dictionary">Commission</span> shall report to the <span class="dictionary">Registry</span> only those violations, actions, and license status changes effected by <span class="dictionary">final order</span> of the <span class="dictionary">Commission</span> or by the <span class="dictionary">Commissioner</span> pursuant to his delegated authority.</p></section></text><history>2009, cc. 273, 453, &#xA7; 6.1-431.6; 2010, c. 794.</history><metadata></metadata></law>
