                                 CODE OF VIRGINIA

QUALIFICATIONS (§ 6.2-2606)

A. Upon the filing and investigation of an application for a license, compliance
by the applicant with the provisions of §§ 6.2-2603 and 6.2-2604, and
compliance by the persons identified in subsection B of § 6.2-2605 with the
provisions contained therein, the Commission shall issue and deliver to the
applicant the license applied for to engage in business under this chapter at
the location specified in the application if it finds that:

   1. The financial responsibility, character, experience, and general fitness of
   the applicant and its members, senior officers, directors, trustees, and
   principals are such as to warrant belief that the business will be operated
   efficiently and fairly, in the public interest, and in accordance with the
   law;

   2. The application does not contain any false statement of a material fact;
   and

   3. The application does not omit any statement of a material fact that is
   required by &#xA7; 6.2-2603.

B. If the Commission fails to make such findings, no license shall be issued and
the Commissioner shall notify the applicant of the denial and the reasons for
such denial.

HISTORY: 2020, cc. 1198, 1250.