<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>57179</law_id><section_number>6.2-1707</section_number><catch_line>Other conditions for mortgage loan originator licensing</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>6.2-1708</reference><reference>6.2-1709</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="17">Mortgage Loan Originators</unit></structure><text>
						<section><p>In addition to the <span class="dictionary">findings</span> required by &#xA7;&#xA0;<a class="law" title="Qualifications" href="/6.2-1706/">6.2-1706</a>, the <span class="dictionary">Commission</span> shall not <span class="dictionary">issue</span> a <span class="dictionary">mortgage loan originator</span> license unless it finds that:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> The applicant has never had a <span class="dictionary">mortgage loan originator</span> license revoked by any governmental authority; <a id="paragraph-209455" class="section-permalink" href="https://vacode.org/6.2-1707/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> The applicant has not been convicted of, or pled guilty or <span class="dictionary">nolo contendere</span> to, a <span class="dictionary">felony</span> in a domestic, foreign, or military <span class="dictionary">court</span> (i) during the seven-year period preceding the application for licensing and registration; or (ii) at any time preceding such date of application if such <span class="dictionary">felony</span> involved an <span class="dictionary">act</span> of <span class="dictionary">fraud</span>, dishonesty, breach of trust, or money laundering; <a id="paragraph-209456" class="section-permalink" href="https://vacode.org/6.2-1707/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> The applicant has completed the pre-licensing education requirement described in &#xA7; <a class="law" title="Pre-licensing education of mortgage loan originators" href="/6.2-1708/">6.2-1708</a>; <a id="paragraph-209457" class="section-permalink" href="https://vacode.org/6.2-1707/#3"><i class="fa fa-link"/></a></p></section>
						<section id="4"><p><span class="prefix-number">4.</span> The applicant has passed a written test that meets the test requirement described in &#xA7; <a class="law" title="Testing of mortgage loan originator applicants" href="/6.2-1709/">6.2-1709</a>; and <a id="paragraph-209458" class="section-permalink" href="https://vacode.org/6.2-1707/#4"><i class="fa fa-link"/></a></p></section>
						<section id="5"><p><span class="prefix-number">5.</span> The applicant has become registered through, and obtained a <span class="dictionary">unique identifier</span> from, the <span class="dictionary">Registry</span>. <a id="paragraph-209459" class="section-permalink" href="https://vacode.org/6.2-1707/#5"><i class="fa fa-link"/></a></p></section></text><history>2009, cc. 273, 453, &#xA7; 6.1-431.8; 2010, c. 794; 2014, cc. 295, 343; 2019, c. 740.</history><metadata></metadata></law>
