                                 CODE OF VIRGINIA

NOTICE OF PROPOSED SUSPENSION OR REVOCATION (§ 6.2-1623)

The Commission may not revoke or suspend the license of any licensee upon any of
the grounds set forth in § 6.2-1619 until it has given the mortgage lender or
mortgage broker (i) 21 days&#8217; notice in writing of the reasons for the
proposed revocation or suspension and (ii) an opportunity to introduce evidence
and be heard. The notice shall be sent by certified mail to the principal place
of business of such licensee and shall state with particularity the grounds for
the contemplated action. Within 14 days of mailing the notice, the licensee
named therein may file with the clerk of the Commission a written request for a
hearing. If a hearing is requested, the Commission shall not suspend or revoke
the license except based upon findings made at such hearing. The hearing shall
be conducted in accordance with the provisions of Title 12.1.

HISTORY: 1987, c. 596, § 6.1-427; 2010, c. 794.