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Virginia · Through 9/4/2026 · Newer source version available

Va. Code § 6.2-2603: Application for license; form; content; fee

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Where this section sits in the code
  1. Title 6.2. Financial Institutions and Services
  2. Subtitle IV. Other Financial Activities
  3. Chapter 26. Qualified Education Loan Servicers

A. An application for a license under this chapter shall be made in writing and on a form provided by the Commission.B. The application shall set forth:1. The name and address of the applicant, the name and address of each senior officer, and (i) if the applicant is a partnership, firm, or association, the name and address of each partner or member; (ii) if the applicant is a corporation or limited liability company, the name and address of each director, member, registered agent, and principal; or (iii) if the applicant is a business trust, the name and address of each trustee;2. The address of the principal place of business to be licensed;3. Such other information concerning the financial responsibility, background, experience, and general fitness of the applicant and its members, senior officers, directors, trustees, and principals as the Commissioner may require; and4. Any other pertinent information that the Commissioner may require.C. The application shall be accompanied by payment of a nonrefundable application fee as prescribed by the Commission. The fee shall not be abated by surrender, suspension, or revocation of the license.D. If the Commissioner requests information to complete a deficient application and the information is not received within 60 days of the Commissioner's request, the application shall be deemed abandoned unless a request for an extension of time is received and approved by the Commissioner prior to the expiration of the 60-day period. However, this subsection shall not be construed to prohibit the Commission from denying a license application that does not meet the requirements of this chapter.2020, cc. 1198, 1250.

Collected 2026-09-04T15:12:34Z. Source file · JSON

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