                                 CODE OF VIRGINIA

ANNUAL FEES (§ 6.2-1714)

A. In order to defray the costs of his examination, supervision, and regulation,
every licensee shall pay an annual license renewal fee. The fee shall be $100
unless another amount is prescribed by the Commission. The renewal fee shall be
paid by the licensee to the State Treasurer or through the Registry, as
determined by the Commission, on or before the end of each license year.

B. When it becomes necessary to examine or investigate the books and records of
an individual required to be licensed under this chapter at a location outside
the Commonwealth, the individual shall be liable for and shall pay to the
Commission within 30 days of the presentation of an itemized statement, the
actual travel and reasonable living expenses incurred on account of his
examination, supervision, and regulation, or shall pay a reasonable per diem
rate approved by the Commission. Any sums due pursuant to this subsection shall
be in addition to the annual fee prescribed in subsection A.

C. If an individual is an employee or exclusive agent of a person licensed under
Chapter 16 (&#xA7; 6.2-1600 et seq.), the expenses referred to in subsection B
shall be paid by the licensed mortgage lender or mortgage broker.

HISTORY: 2009, cc. 273, 453, § 6.1-431.15; 2010, c. 794.