Code of Virginia (Last Updated:July 28, 2020) |
TITLE 6.2. Financial Institutions and Services |
SUBTITLE III. Other Regulated Providers of Financial Services |
CHAPTER 20.1. Debt Settlement Services Providers |
SECTION 6.2-2028. (Effective July 1, 2021) Application for license; form; content; fee |
A. An application for a license under this chapter shall be made in writing, under oath, and on a form provided by the Commissioner. B. The application shall include: 1. The name and address of the applicant 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 and beneficiary; 2. The name and address of each manager and officer; 3. The addresses of the locations of the business to be licensed; 4. Financial statements for the applicant; 5. A current copy of the applicant's standard debt settlement services agreement; 6. Such other information concerning the financial responsibility, background, experience, and activities of the applicant and the persons referred to in this section as the Commissioner may require; 7. Any other pertinent information as the Commissioner may require; and 8. Payment of an application fee of $500. C. The application fee shall not be refundable in any event. The fee shall not be abated by surrender, suspension, or revocation of the license. 2020, c. 785 . |