                                 CODE OF VIRGINIA

INVESTIGATION OF APPLICATIONS (§ 6.2-1605)

A. The Commissioner may make such investigations as he deems necessary to
determine if the applicant has complied with all applicable provisions of law
and regulations.

B. For the purpose of investigating individuals who are members, senior
officers, directors, and principals of an applicant, such persons shall consent
to a national and state criminal history records check and submit to
fingerprinting. Each member, senior officer, director, and principal shall pay
for the cost of such fingerprinting and criminal records check. Such persons
shall cause their fingerprints, personal descriptive information, and records
check fees to be submitted to either of the following, as prescribed by the
Commission:

   1. The Commissioner, who shall forward these items to the Central Criminal
   Records Exchange. The Central Criminal Records Exchange shall (i) conduct a
   search of its own criminal history records and forward such individuals&#8217;
   fingerprints and personal descriptive information to the Federal Bureau of
   Investigation for the purpose of obtaining national criminal history record
   information regarding such individuals, and (ii) forward the results of the
   state and national records search to the Commissioner or his designee, who
   shall be an employee of the Commission; or

   2. The Registry, provided that it is capable of processing such criminal
   history records check.

C. If any member, senior officer, director, or principal of an applicant fails
to cause his fingerprints, personal descriptive information, or records check
fees to be submitted in accordance with subsection B, the application for
licensure as a mortgage lender or mortgage broker shall be denied.

HISTORY: 1987, c. 596, § 6.1-414; 2008, c. 863; 2010, c. 794; 2012, c. 189.