SECTION 55-525.21. Persons prohibited from assisting or being employed by settlement agents  


A. A person who has been convicted of a felony involving fraud, deceit, or misrepresentation shall not assist a settlement agent in the performance of escrow, closing, or settlement services involving the receipt or disbursement of funds from real estate settlements in the Commonwealth.

B. A settlement agent shall not employ a person who has been convicted of a felony involving fraud, deceit, or misrepresentation in an administrative or clerical capacity that involves the receipt or disbursement of funds from real estate settlements in the Commonwealth.

1997, c. 716 , § 6.1-2.21; 1998, c. 716 ; 2000, c. 716 ; 2002, c. 716 ; 2007, c. 716 ; 2008, c. 716 ; 2010, c. 716 .