{"data":{"id":"us-va/10vac5-220-30","jurisdiction":"us-va","citation":"10VAC5-220-30","heading":"Procedure for documenting eligibility through the Registry for automatic issuance of a license","body":"A. Pursuant to subsection A of § 6.2-2602 of the Code of Virginia, a person shall be exempt from the application procedures described in subsections A and B of § 6.2-2603 of the Code of Virginia upon determination by the commissioner that the person (i) has an agreement with the U.S. Secretary of Education under 20 USC § 1078(b), solely to the extent of the person's actions as a guarantor that engages in averting defaults or (ii) is a party to a contract awarded by the U.S. Secretary of Education under 20 USC § 1087f.\n\nB. In order to document eligibility for this exemption, a person shall:\n\n1. Complete and submit the Registry's company filing form for the person through the Registry. Such filing shall be accompanied by the fee required by subsection C of § 6.2-2603 of the Code of Virginia and the surety bond required by § 6.2-2604 of the Code of Virginia;\n\n2. Upload a copy of the agreement or contract described in subsection A of this section through the Registry; and\n\n3. Provide any additional information through the Registry that the commissioner deems necessary to determine a person's eligibility for the exemption.","path":["Title 10. Finance And Financial Institutions","Agency 5. State Corporation Commission","Chapter 220. Qualified Education Loan Servicers"],"source_url":"https://law.lis.virginia.gov/admincode/title10/agency5/chapter220/section30/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:49:35Z","sha256":"ddaba6b95c77ce7d24e44cb760597a1d42787c23972eef3cb3b9a7bd1b250494","source_id":"us-va-vac","stale":false,"prev":"us-va/10vac5-220-20","next":"us-va/10vac5-220-40"},"notice":"GroundRules: Original legal text. Not legal advice."}