                                 CODE OF VIRGINIA

OTHER CONDITIONS FOR MORTGAGE LOAN ORIGINATOR LICENSING (§ 6.2-1707)

In addition to the findings required by § 6.2-1706, the Commission shall not
issue a mortgage loan originator license unless it finds that:

1. The applicant has never had a mortgage loan originator license revoked by any
governmental authority;

2. The applicant has not been convicted of, or pled guilty or nolo contendere
to, a felony in a domestic, foreign, or military court (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 felony involved an act of fraud,
dishonesty, breach of trust, or money laundering;

3. The applicant has completed the pre-licensing education requirement described
in &#xA7; 6.2-1708;

4. The applicant has passed a written test that meets the test requirement
described in &#xA7; 6.2-1709; and

5. The applicant has become registered through, and obtained a unique identifier
from, the Registry.

HISTORY: 2009, cc. 273, 453, § 6.1-431.8; 2010, c. 794; 2014, cc. 295, 343;
2019, c. 740.