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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>74097</law_id><section_number>6.2-2020</section_number><catch_line>Notice of proposed suspension or revocation</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="20">Agencies Providing Debt Management Plans</unit></structure><text>
						<section><p>The <span class="dictionary">Commission</span> shall not revoke or suspend the license of any <span class="dictionary">person</span> licensed under this chapter upon any of the grounds set forth in &#xA7;&#xA0;<a class="law" title="Suspension or revocation of license" href="/6.2-2018/">6.2-2018</a> until it has given the <span class="dictionary">licensee</span> 21 days&#x2019; notice in writing of the reasons for the proposed <span class="dictionary">revocation</span> or suspension and an opportunity to introduce <span class="dictionary">evidence</span> and be heard. The notice shall be sent by certified mail to the <span class="dictionary">principal</span> place of business of the <span class="dictionary">licensee</span> or other address authorized under &#xA7;&#xA0;<a class="law" title="Service of process on the Clerk of the State Corporation Commission as statutory agent" href="/12.1-19.1/">12.1-19.1</a> and shall state with particularity the grounds for the contemplated action. Within 14 days of mailing the notice, the <span class="dictionary">person</span> or <span class="dictionary">persons</span> named therein may file with the clerk of the <span class="dictionary">Commission</span> a written request for a <span class="dictionary">hearing</span>. If a <span class="dictionary">hearing</span> is requested, the <span class="dictionary">Commission</span> shall not suspend or revoke the license except based upon <span class="dictionary">findings</span> made at such <span class="dictionary">hearing</span>. The <span class="dictionary">hearing</span> shall be conducted in accordance with the <span class="dictionary">Commission</span>&#x2019;s Rules.</p></section></text><history>2004, c. 790, &#xA7; 6.1-363.22; 2010, c. 794.</history><metadata></metadata></law>
