                                 CODE OF VIRGINIA

INVESTIGATION OF APPLICATIONS (§ 6.2-2605)

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, trustees, and principals of an applicant, such persons
shall consent to a criminal history records check and submit to fingerprinting.
Each member, senior officer, director, trustee, and principal shall pay for the
cost of such fingerprinting and criminal history 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
Commissioner:

   1. The Bureau, which 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 searches 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 criminal history
   records checks.

C. If any member, senior officer, director, trustee, 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 a qualified education loan servicer license shall be denied.

HISTORY: 2020, cc. 1198, 1250.