{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-1716.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-1716.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-1716.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-1716.html"}],"law_id":373935,"edition_id":2,"section_id":373935,"structure_id":53191,"section_number":"6.2-1716","catch_line":"Suspension or revocation of license","history":"2009, cc. 273, 453, \u00a7 6.1-431.17; 2010, c. 794.","full_text":"The Commission may suspend or revoke any license issued under this chapter based upon:\n\n1\n\nAny ground sufficient for denial of the issuance of a license under this chapter;\n\n2\n\nAny violation of the provisions of this chapter or regulations adopted by the Commission pursuant thereto, or a violation of any other law or regulation applicable to the conduct of the licensee&#8217;s licensed activities;\n\n3\n\nConviction of a felony or misdemeanor involving fraud, misrepresentation, or deceit;\n\n4\n\nEntry of a judgment against a licensee involving fraud, misrepresentation, or deceit;\n\n5\n\nEntry of a federal or state administrative order against a licensee for violation of any law or any regulation applicable to the conduct of his licensed activities;\n\n6\n\nRefusal to permit an investigation or examination by the Commission;\n\n7\n\nFailure to pay any fee or assessment imposed by this chapter;\n\n8\n\nFailure to comply with any order of the Commission; or\n\n9\n\nFailure to maintain registration with, or a unique identifier from, the Registry.\n\n","order_by":null,"text":{"0":{"id":1395673,"text":"The Commission may suspend or revoke any license issued under this chapter based upon:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":1395674,"text":"Any ground sufficient for denial of the issuance of a license under this chapter;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":1395675,"text":"Any violation of the provisions of this chapter or regulations adopted by the Commission pursuant thereto, or a violation of any other law or regulation applicable to the conduct of the licensee&#8217;s licensed activities;","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":1395676,"text":"Conviction of a felony or misdemeanor involving fraud, misrepresentation, or deceit;","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":1395677,"text":"Entry of a judgment against a licensee involving fraud, misrepresentation, or deceit;","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"5":{"id":1395678,"text":"Entry of a federal or state administrative order against a licensee for violation of any law or any regulation applicable to the conduct of his licensed activities;","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4","next_prefix":"6"},"6":{"id":1395679,"text":"Refusal to permit an investigation or examination by the Commission;","type":"section","prefixes":["6"],"prefix":"6","entire_prefix":"6","prefix_anchor":"6","level":1,"prior_prefix":"5","next_prefix":"7"},"7":{"id":1395680,"text":"Failure to pay any fee or assessment imposed by this chapter;","type":"section","prefixes":["7"],"prefix":"7","entire_prefix":"7","prefix_anchor":"7","level":1,"prior_prefix":"6","next_prefix":"8"},"8":{"id":1395681,"text":"Failure to comply with any order of the Commission; or","type":"section","prefixes":["8"],"prefix":"8","entire_prefix":"8","prefix_anchor":"8","level":1,"prior_prefix":"7","next_prefix":"9"},"9":{"id":1395682,"text":"Failure to maintain registration with, or a unique identifier from, the Registry.","type":"section","prefixes":["9"],"prefix":"9","entire_prefix":"9","prefix_anchor":"9","level":1,"prior_prefix":"8"}},"ancestry":[{"id":53191,"edition_id":2,"name":"Mortgage Loan Originators","identifier":"17","label":"chapter","depth":3,"order_by":3,"parent_id":53187,"metadata":{"child_laws":26,"child_structures":0},"date_created":"2026-08-02 03:12:28","date_modified":"2026-08-02 12:28:08","permalink":{"id":1493131,"object_type":"structure","relational_id":53191,"identifier":"17","token":"6.2\/III\/17","url":"\/6.2\/III\/17\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53187,"edition_id":2,"name":"Other Regulated Providers of Financial Services","identifier":"III","label":"subtitle","depth":2,"order_by":3,"parent_id":53152,"metadata":{"child_laws":332,"child_structures":12},"date_created":"2026-08-02 03:12:17","date_modified":"2026-08-02 12:28:07","permalink":{"id":1492723,"object_type":"structure","relational_id":53187,"identifier":"III","token":"6.2\/III","url":"\/6.2\/III\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53152,"edition_id":2,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":10,"parent_id":null,"metadata":{"child_laws":961,"child_structures":89},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:53","permalink":{"id":1490251,"object_type":"structure","relational_id":53152,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":373915,"structure_id":53191,"section_number":"6.2-1700","catch_line":"Definitions","url":"\/6.2-1700\/","token":"6.2\/III\/17\/6.2-1700","metadata":false},{"id":373919,"structure_id":53191,"section_number":"6.2-1701","catch_line":"License requirement","url":"\/6.2-1701\/","token":"6.2\/III\/17\/6.2-1701","metadata":false},{"id":373916,"structure_id":53191,"section_number":"6.2-1701.1","catch_line":"Bona fide nonprofit organizations","url":"\/6.2-1701.1\/","token":"6.2\/III\/17\/6.2-1701.1","metadata":false},{"id":373917,"structure_id":53191,"section_number":"6.2-1701.2","catch_line":"Repealed","url":"\/6.2-1701.2\/","token":"6.2\/III\/17\/6.2-1701.2","metadata":false},{"id":373918,"structure_id":53191,"section_number":"6.2-1701.3","catch_line":"Temporary authority to act as a mortgage loan originator","url":"\/6.2-1701.3\/","token":"6.2\/III\/17\/6.2-1701.3","metadata":false},{"id":373920,"structure_id":53191,"section_number":"6.2-1702","catch_line":"Application for license; form; content; fee","url":"\/6.2-1702\/","token":"6.2\/III\/17\/6.2-1702","metadata":false},{"id":373921,"structure_id":53191,"section_number":"6.2-1703","catch_line":"Bond required","url":"\/6.2-1703\/","token":"6.2\/III\/17\/6.2-1703","metadata":false},{"id":373922,"structure_id":53191,"section_number":"6.2-1704","catch_line":"Mortgage loan originator background checks","url":"\/6.2-1704\/","token":"6.2\/III\/17\/6.2-1704","metadata":false},{"id":373923,"structure_id":53191,"section_number":"6.2-1705","catch_line":"Coordination of licensing","url":"\/6.2-1705\/","token":"6.2\/III\/17\/6.2-1705","metadata":false},{"id":373924,"structure_id":53191,"section_number":"6.2-1706","catch_line":"Qualifications","url":"\/6.2-1706\/","token":"6.2\/III\/17\/6.2-1706","metadata":false},{"id":373925,"structure_id":53191,"section_number":"6.2-1707","catch_line":"Other conditions for mortgage loan originator licensing","url":"\/6.2-1707\/","token":"6.2\/III\/17\/6.2-1707","metadata":false},{"id":373926,"structure_id":53191,"section_number":"6.2-1708","catch_line":"Pre-licensing education of mortgage loan originators","url":"\/6.2-1708\/","token":"6.2\/III\/17\/6.2-1708","metadata":false},{"id":373927,"structure_id":53191,"section_number":"6.2-1709","catch_line":"Testing of mortgage loan originator applicants","url":"\/6.2-1709\/","token":"6.2\/III\/17\/6.2-1709","metadata":false},{"id":373928,"structure_id":53191,"section_number":"6.2-1710","catch_line":"Continuing education requirements","url":"\/6.2-1710\/","token":"6.2\/III\/17\/6.2-1710","metadata":false},{"id":373929,"structure_id":53191,"section_number":"6.2-1711","catch_line":"Licenses; places of business; changes","url":"\/6.2-1711\/","token":"6.2\/III\/17\/6.2-1711","metadata":false},{"id":373931,"structure_id":53191,"section_number":"6.2-1712","catch_line":"Repealed","url":"\/6.2-1712\/","token":"6.2\/III\/17\/6.2-1712","metadata":false},{"id":373930,"structure_id":53191,"section_number":"6.2-1712.1","catch_line":"Inactive mortgage loan originator licenses","url":"\/6.2-1712.1\/","token":"6.2\/III\/17\/6.2-1712.1","metadata":false},{"id":373932,"structure_id":53191,"section_number":"6.2-1713","catch_line":"Investigations; examinations","url":"\/6.2-1713\/","token":"6.2\/III\/17\/6.2-1713","metadata":false},{"id":373933,"structure_id":53191,"section_number":"6.2-1714","catch_line":"Annual fees","url":"\/6.2-1714\/","token":"6.2\/III\/17\/6.2-1714","metadata":false},{"id":373934,"structure_id":53191,"section_number":"6.2-1715","catch_line":"Advertising; use of a unique identifier","url":"\/6.2-1715\/","token":"6.2\/III\/17\/6.2-1715","metadata":false},{"id":373935,"structure_id":53191,"section_number":"6.2-1716","catch_line":"Suspension or revocation of license","url":"\/6.2-1716\/","token":"6.2\/III\/17\/6.2-1716","metadata":false},{"id":373936,"structure_id":53191,"section_number":"6.2-1717","catch_line":"Filing of written report with Commissioner; events affecting a licensee","url":"\/6.2-1717\/","token":"6.2\/III\/17\/6.2-1717","metadata":false},{"id":373937,"structure_id":53191,"section_number":"6.2-1718","catch_line":"Notice of proposed suspension or revocation","url":"\/6.2-1718\/","token":"6.2\/III\/17\/6.2-1718","metadata":false},{"id":373938,"structure_id":53191,"section_number":"6.2-1719","catch_line":"Civil penalties","url":"\/6.2-1719\/","token":"6.2\/III\/17\/6.2-1719","metadata":false},{"id":373939,"structure_id":53191,"section_number":"6.2-1720","catch_line":"Regulations; agreements between Commission and Registry","url":"\/6.2-1720\/","token":"6.2\/III\/17\/6.2-1720","metadata":{"court_decisions":""}},{"id":373940,"structure_id":53191,"section_number":"6.2-1721","catch_line":"Cease and desist orders","url":"\/6.2-1721\/","token":"6.2\/III\/17\/6.2-1721","metadata":false}],"previous_section":{"id":373934,"structure_id":53191,"section_number":"6.2-1715","catch_line":"Advertising; use of a unique identifier","url":"\/6.2-1715\/","token":"6.2\/III\/17\/6.2-1715","metadata":false},"next_section":{"id":373936,"structure_id":53191,"section_number":"6.2-1717","catch_line":"Filing of written report with Commissioner; events affecting a licensee","url":"\/6.2-1717\/","token":"6.2\/III\/17\/6.2-1717","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1716\/","history_text":"<p>This law was first created in 2009. The record of its establishment is cataloged in chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?091+ful+CHAP0273\">273<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?091+ful+CHAP0453\">453<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2010, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?101+ful+CHAP0794\">794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1493213,"object_type":"law","relational_id":373935,"identifier":"6.2-1716","token":"6.2\/III\/17\/6.2-1716","url":"\/6.2-1716\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-1716\/","token":"6.2\/III\/17\/6.2-1716","dublin_core":{"Title":"Suspension or revocation of license","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1716","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The <span class=\"dictionary\">Commission<\/span> may suspend or revoke any license issued under this chapter based upon:<\/p><\/section>\n\t\t\t\t\t\t<section id=\"1\"><p><span class=\"prefix-number\">1.<\/span> Any ground sufficient for denial of the issuance of a license under this chapter; <a id=\"paragraph-1395674\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1716\/#1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"2\"><p><span class=\"prefix-number\">2.<\/span> Any violation of the provisions of this chapter or regulations adopted by the <span class=\"dictionary\">Commission<\/span> pursuant thereto, or a violation of any other <span class=\"dictionary\">law<\/span> or regulation applicable to the conduct of the <span class=\"dictionary\">licensee<\/span>&#8217;s licensed activities; <a id=\"paragraph-1395675\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1716\/#2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"3\"><p><span class=\"prefix-number\">3.<\/span> <span class=\"dictionary\">Conviction<\/span> of a <span class=\"dictionary\">felony<\/span> or <span class=\"dictionary\">misdemeanor<\/span> involving <span class=\"dictionary\">fraud<\/span>, misrepresentation, or deceit; <a id=\"paragraph-1395676\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1716\/#3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"4\"><p><span class=\"prefix-number\">4.<\/span> Entry of a <span class=\"dictionary\">judgment<\/span> against a <span class=\"dictionary\">licensee<\/span> involving <span class=\"dictionary\">fraud<\/span>, misrepresentation, or deceit; <a id=\"paragraph-1395677\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1716\/#4\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"5\"><p><span class=\"prefix-number\">5.<\/span> Entry of a federal or state administrative <span class=\"dictionary\">order<\/span> against a <span class=\"dictionary\">licensee<\/span> for violation of any <span class=\"dictionary\">law<\/span> or any regulation applicable to the conduct of his licensed activities; <a id=\"paragraph-1395678\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1716\/#5\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"6\"><p><span class=\"prefix-number\">6.<\/span> Refusal to permit an investigation or examination by the <span class=\"dictionary\">Commission<\/span>; <a id=\"paragraph-1395679\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1716\/#6\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"7\"><p><span class=\"prefix-number\">7.<\/span> Failure to pay any fee or assessment imposed by this chapter; <a id=\"paragraph-1395680\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1716\/#7\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"8\"><p><span class=\"prefix-number\">8.<\/span> Failure to comply with any <span class=\"dictionary\">order<\/span> of the <span class=\"dictionary\">Commission<\/span>; or <a id=\"paragraph-1395681\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1716\/#8\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"9\"><p><span class=\"prefix-number\">9.<\/span> Failure to maintain registration with, or a <span class=\"dictionary\">unique identifier<\/span> from, the <span class=\"dictionary\">Registry<\/span>. <a id=\"paragraph-1395682\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1716\/#9\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nSUSPENSION OR REVOCATION OF LICENSE (\u00a7 6.2-1716)\n\nThe Commission may suspend or revoke any license issued under this chapter based\nupon:\n\n1. Any ground sufficient for denial of the issuance of a license under this\nchapter;\n\n2. Any violation of the provisions of this chapter or regulations adopted by the\nCommission pursuant thereto, or a violation of any other law or regulation\napplicable to the conduct of the licensee&#8217;s licensed activities;\n\n3. Conviction of a felony or misdemeanor involving fraud, misrepresentation, or\ndeceit;\n\n4. Entry of a judgment against a licensee involving fraud, misrepresentation, or\ndeceit;\n\n5. Entry of a federal or state administrative order against a licensee for\nviolation of any law or any regulation applicable to the conduct of his licensed\nactivities;\n\n6. Refusal to permit an investigation or examination by the Commission;\n\n7. Failure to pay any fee or assessment imposed by this chapter;\n\n8. Failure to comply with any order of the Commission; or\n\n9. Failure to maintain registration with, or a unique identifier from, the\nRegistry.\n\nHISTORY: 2009, cc. 273, 453, \u00a7 6.1-431.17; 2010, c. 794.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}