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Current as of January 01, 2025 | Updated by Findlaw Staff
In addition to the findings required by § 6.2-1706, the Commission shall not issue a mortgage loan originator license unless it finds that:
1. The applicant has never had a mortgage loan originator license revoked by any governmental authority;
2. The applicant has not been convicted of, or pled guilty or nolo contendere to, a felony in a domestic, foreign, or military court (i) during the seven-year period preceding the application for licensing and registration; or (ii) at any time preceding such date of application if such felony involved an act of fraud, dishonesty, breach of trust, or money laundering;
3. The applicant has completed the pre-licensing education requirement described in § 6.2-1708;
4. The applicant has passed a written test that meets the test requirement described in § 6.2-1709; and
5. The applicant has become registered through, and obtained a unique identifier from, the Registry.
Cite this article: FindLaw.com - Virginia Code Title 6.2. Financial Institutions and Services § 6.2-1707. Other conditions for mortgage loan originator licensing - last updated January 01, 2025 | https://codes.findlaw.com/va/title-6-2-financial-institutions-and-services/va-code-sect-6-2-1707/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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