                                 CODE OF VIRGINIA

(EFFECTIVE JULY 1, 2026) LICENSE RENEWAL (§ 6.2-1934)

A. A license issued under this chapter shall be renewed annually. An annual
renewal fee of $750 shall be paid no more than 60 days before the license
expiration. The renewal term shall be for a period of one year and shall begin
on January 1 of each year after the initial license term and shall expire on
December 31 of the year the renewal term begins.

B. A licensee shall submit a renewal report with the renewal fee, in a form and
in a medium prescribed by the Commission. The renewal report shall state or
contain a description of each material change in information submitted by the
licensee in its original license application that has not been reported to the
Commission.

C. The Commission for good cause may grant an extension of the expiration date.

D. The Commission may utilize NMLS to process license renewals provided that
such functionality is consistent with this section.

HISTORY: 2025, c. 214.