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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>53994</law_id><section_number>6.2-2617</section_number><catch_line>Cease and desist orders</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>6.2-2610</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="IV">Other Financial Activities</unit><unit label="chapter" level="3" order_by="1" identifier="26">Qualified Education Loan Servicers</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> If the <span class="dictionary">Commission</span> determines that any <span class="dictionary">person</span> has violated any provision of this chapter or any regulation adopted by the <span class="dictionary">Commission</span> pursuant thereto, or violated any other <span class="dictionary">law</span> or regulation applicable to the conduct of a <span class="dictionary">licensee</span>&#x2019;s business, the <span class="dictionary">Commission</span> may, upon 21 days&#x2019; notice in writing, <span class="dictionary">order</span> such <span class="dictionary">person</span> to cease and desist from such practices and to comply with the provisions of this chapter and other applicable <span class="dictionary">laws</span> and regulations. The notice shall be sent by certified mail to the <span class="dictionary">principal</span> place of business of such <span class="dictionary">person</span> or other address authorized under &#xA7; <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 the grounds for the contemplated action. <a id="paragraph-198260" class="section-permalink" href="https://vacode.org/6.2-2617/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> Within 14 days of mailing the notice, the <span class="dictionary">person</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 <span class="dictionary">issue</span> a cease and desist <span class="dictionary">order</span> except on the basis of <span class="dictionary">findings</span> made at the <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. The <span class="dictionary">Commission</span> may enforce compliance with any <span class="dictionary">order</span> issued under this section by imposition and collection of such fines and penalties as may be prescribed by <span class="dictionary">law</span>. <a id="paragraph-198261" class="section-permalink" href="https://vacode.org/6.2-2617/#B"><i class="fa fa-link"/></a></p></section></text><history>2020, cc. 1198, 1250.</history><metadata></metadata></law>
