Code of Virginia (Last Updated:July 28, 2020) |
TITLE 6.2. Financial Institutions and Services |
SUBTITLE III. Other Regulated Providers of Financial Services |
CHAPTER 17. Mortgage Loan Originators |
SECTION 6.2-1717. Filing of written report with Commissioner; events affecting a licensee |
Within 15 days of becoming aware of the occurrence of any of the events listed below, a licensee shall file a written report with the Commissioner describing such event: 1. The institution of revocation or suspension proceedings against the licensee by any state or other governmental authority; 2. The denial of the opportunity to engage in business by any state or other governmental authority; 3. Any felony indictment of the licensee; 4. Any felony conviction of the licensee; and 5. Such other events as the Commission may determine and identify by regulation. |