{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-1821.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-1821.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-1821.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-1821.html"}],"law_id":373968,"edition_id":2,"section_id":373968,"structure_id":53192,"section_number":"6.2-1821","catch_line":"Suspension or revocation of license","history":"2002, c. 897, \u00a7 6.1-464; 2010, c. 794.","full_text":"A\n\nThe Commission may suspend or revoke any license issued under this chapter upon any of the following grounds:\n\n1\n\nAny ground for denial 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 business;\n\n3\n\nA course of conduct consisting of the failure to perform written agreements with borrowers;\n\n4\n\nConviction of a felony or misdemeanor involving fraud, misrepresentation or deceit;\n\n5\n\nEntry of a judgment against the licensee involving fraud, misrepresentation or deceit;\n\n6\n\nEntry of a federal or state administrative order against such licensee for violation of any law or any regulation applicable to the conduct of his business;\n\n7\n\nRefusal to permit an investigation or examination by the Commission;\n\n8\n\nFailure to pay any fee or assessment imposed by this chapter; or\n\n9\n\nFailure to comply with any order of the Commission.\n\nB\n\nFor the purposes of this section, acts of any officer, director, member, partner, or principal shall be deemed acts of the licensee.\n\n","order_by":null,"text":{"0":{"id":1395843,"text":"The Commission may suspend or revoke any license issued under this chapter upon any of the following grounds:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":1395844,"text":"Any ground for denial of a license under this chapter;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":1395845,"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 business;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":1395846,"text":"A course of conduct consisting of the failure to perform written agreements with borrowers;","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":1395847,"text":"Conviction of a felony or misdemeanor involving fraud, misrepresentation or deceit;","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"A5"},"5":{"id":1395848,"text":"Entry of a judgment against the licensee involving fraud, misrepresentation or deceit;","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2,"prior_prefix":"A4","next_prefix":"A6"},"6":{"id":1395849,"text":"Entry of a federal or state administrative order against such licensee for violation of any law or any regulation applicable to the conduct of his business;","type":"section","prefixes":["A","6"],"prefix":"6","entire_prefix":"A6","prefix_anchor":"A6","level":2,"prior_prefix":"A5","next_prefix":"A7"},"7":{"id":1395850,"text":"Refusal to permit an investigation or examination by the Commission;","type":"section","prefixes":["A","7"],"prefix":"7","entire_prefix":"A7","prefix_anchor":"A7","level":2,"prior_prefix":"A6","next_prefix":"A8"},"8":{"id":1395851,"text":"Failure to pay any fee or assessment imposed by this chapter; or","type":"section","prefixes":["A","8"],"prefix":"8","entire_prefix":"A8","prefix_anchor":"A8","level":2,"prior_prefix":"A7","next_prefix":"A9"},"9":{"id":1395852,"text":"Failure to comply with any order of the Commission.","type":"section","prefixes":["A","9"],"prefix":"9","entire_prefix":"A9","prefix_anchor":"A9","level":2,"prior_prefix":"A8","next_prefix":"B"},"10":{"id":1395853,"text":"For the purposes of this section, acts of any officer, director, member, partner, or principal shall be deemed acts of the licensee.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A9"}},"ancestry":[{"id":53192,"edition_id":2,"name":"Short-term Loans","identifier":"18","label":"chapter","depth":3,"order_by":4,"parent_id":53187,"metadata":{"child_laws":36,"child_structures":0},"date_created":"2026-08-02 03:12:34","date_modified":"2026-08-02 12:28:08","permalink":{"id":1493237,"object_type":"structure","relational_id":53192,"identifier":"18","token":"6.2\/III\/18","url":"\/6.2\/III\/18\/","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":373941,"structure_id":53192,"section_number":"6.2-1800","catch_line":"Definitions","url":"\/6.2-1800\/","token":"6.2\/III\/18\/6.2-1800","metadata":false},{"id":373942,"structure_id":53192,"section_number":"6.2-1801","catch_line":"License requirement","url":"\/6.2-1801\/","token":"6.2\/III\/18\/6.2-1801","metadata":{"court_decisions":""}},{"id":373943,"structure_id":53192,"section_number":"6.2-1802","catch_line":"Applicability","url":"\/6.2-1802\/","token":"6.2\/III\/18\/6.2-1802","metadata":{"court_decisions":""}},{"id":373944,"structure_id":53192,"section_number":"6.2-1803","catch_line":"Application for license; form; content; fee","url":"\/6.2-1803\/","token":"6.2\/III\/18\/6.2-1803","metadata":false},{"id":373945,"structure_id":53192,"section_number":"6.2-1804","catch_line":"Bond required","url":"\/6.2-1804\/","token":"6.2\/III\/18\/6.2-1804","metadata":{"court_decisions":""}},{"id":373946,"structure_id":53192,"section_number":"6.2-1805","catch_line":"Investigation of applications","url":"\/6.2-1805\/","token":"6.2\/III\/18\/6.2-1805","metadata":false},{"id":373947,"structure_id":53192,"section_number":"6.2-1806","catch_line":"Qualifications","url":"\/6.2-1806\/","token":"6.2\/III\/18\/6.2-1806","metadata":false},{"id":373948,"structure_id":53192,"section_number":"6.2-1807","catch_line":"Licenses; places of offices; changes","url":"\/6.2-1807\/","token":"6.2\/III\/18\/6.2-1807","metadata":false},{"id":373949,"structure_id":53192,"section_number":"6.2-1808","catch_line":"Acquisition of control; application","url":"\/6.2-1808\/","token":"6.2\/III\/18\/6.2-1808","metadata":false},{"id":373950,"structure_id":53192,"section_number":"6.2-1809","catch_line":"Retention of books, accounts, and records","url":"\/6.2-1809\/","token":"6.2\/III\/18\/6.2-1809","metadata":false},{"id":373951,"structure_id":53192,"section_number":"6.2-1810","catch_line":"Loan database","url":"\/6.2-1810\/","token":"6.2\/III\/18\/6.2-1810","metadata":false},{"id":373952,"structure_id":53192,"section_number":"6.2-1811","catch_line":"Annual report","url":"\/6.2-1811\/","token":"6.2\/III\/18\/6.2-1811","metadata":false},{"id":373953,"structure_id":53192,"section_number":"6.2-1812","catch_line":"Other reporting requirements","url":"\/6.2-1812\/","token":"6.2\/III\/18\/6.2-1812","metadata":false},{"id":373954,"structure_id":53192,"section_number":"6.2-1813","catch_line":"Investigations; examinations","url":"\/6.2-1813\/","token":"6.2\/III\/18\/6.2-1813","metadata":false},{"id":373955,"structure_id":53192,"section_number":"6.2-1814","catch_line":"Annual fees","url":"\/6.2-1814\/","token":"6.2\/III\/18\/6.2-1814","metadata":false},{"id":373956,"structure_id":53192,"section_number":"6.2-1815","catch_line":"Regulations","url":"\/6.2-1815\/","token":"6.2\/III\/18\/6.2-1815","metadata":false},{"id":373958,"structure_id":53192,"section_number":"6.2-1816","catch_line":"Required and prohibited business methods","url":"\/6.2-1816\/","token":"6.2\/III\/18\/6.2-1816","metadata":{"court_decisions":{"0":{"name":"Ruby v. Cashnet, Inc.","case_number":"100287","citation":"708 S.E.2d 871","date":"2011-04-21","url":"https:\/\/www.courtlistener.com\/opinion\/1058039\/ruby-v-cashnet-inc\/","abstract":" .\u202f.\u202f. 708 S.E.2d 871 (2011) .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"}}}},{"id":373957,"structure_id":53192,"section_number":"6.2-1816.1","catch_line":"Loan terms and conditions","url":"\/6.2-1816.1\/","token":"6.2\/III\/18\/6.2-1816.1","metadata":false},{"id":373960,"structure_id":53192,"section_number":"6.2-1817","catch_line":"Authorized fees and charges","url":"\/6.2-1817\/","token":"6.2\/III\/18\/6.2-1817","metadata":false},{"id":373959,"structure_id":53192,"section_number":"6.2-1817.1","catch_line":"Inflation adjustment of maximum monthly maintenance fee","url":"\/6.2-1817.1\/","token":"6.2\/III\/18\/6.2-1817.1","metadata":false},{"id":373965,"structure_id":53192,"section_number":"6.2-1818","catch_line":"Repealed","url":"\/6.2-1818\/","token":"6.2\/III\/18\/6.2-1818","metadata":false},{"id":373961,"structure_id":53192,"section_number":"6.2-1818.1","catch_line":"Refinancing of short-term loans","url":"\/6.2-1818.1\/","token":"6.2\/III\/18\/6.2-1818.1","metadata":false},{"id":373962,"structure_id":53192,"section_number":"6.2-1818.2","catch_line":"Statement of balance due; repayment and refunds","url":"\/6.2-1818.2\/","token":"6.2\/III\/18\/6.2-1818.2","metadata":false},{"id":373963,"structure_id":53192,"section_number":"6.2-1818.3","catch_line":"Restriction on certain fees and charges","url":"\/6.2-1818.3\/","token":"6.2\/III\/18\/6.2-1818.3","metadata":false},{"id":373964,"structure_id":53192,"section_number":"6.2-1818.4","catch_line":"Verification of borrower's income","url":"\/6.2-1818.4\/","token":"6.2\/III\/18\/6.2-1818.4","metadata":false},{"id":373966,"structure_id":53192,"section_number":"6.2-1819","catch_line":"Advertising","url":"\/6.2-1819\/","token":"6.2\/III\/18\/6.2-1819","metadata":false},{"id":373967,"structure_id":53192,"section_number":"6.2-1820","catch_line":"Other business","url":"\/6.2-1820\/","token":"6.2\/III\/18\/6.2-1820","metadata":false},{"id":373968,"structure_id":53192,"section_number":"6.2-1821","catch_line":"Suspension or revocation of license","url":"\/6.2-1821\/","token":"6.2\/III\/18\/6.2-1821","metadata":false},{"id":373969,"structure_id":53192,"section_number":"6.2-1822","catch_line":"Cease and desist orders","url":"\/6.2-1822\/","token":"6.2\/III\/18\/6.2-1822","metadata":false},{"id":373970,"structure_id":53192,"section_number":"6.2-1823","catch_line":"Notice of proposed suspension or revocation","url":"\/6.2-1823\/","token":"6.2\/III\/18\/6.2-1823","metadata":false},{"id":373971,"structure_id":53192,"section_number":"6.2-1824","catch_line":"Civil penalties","url":"\/6.2-1824\/","token":"6.2\/III\/18\/6.2-1824","metadata":false},{"id":373972,"structure_id":53192,"section_number":"6.2-1825","catch_line":"Criminal penalties","url":"\/6.2-1825\/","token":"6.2\/III\/18\/6.2-1825","metadata":{"court_decisions":""}},{"id":373973,"structure_id":53192,"section_number":"6.2-1826","catch_line":"Validity of noncompliant loan agreement; private right of action","url":"\/6.2-1826\/","token":"6.2\/III\/18\/6.2-1826","metadata":false},{"id":373974,"structure_id":53192,"section_number":"6.2-1827","catch_line":"Application of chapter to Internet loans","url":"\/6.2-1827\/","token":"6.2\/III\/18\/6.2-1827","metadata":false},{"id":373975,"structure_id":53192,"section_number":"6.2-1828","catch_line":"Authority of Attorney General; referral by Commission to Attorney General","url":"\/6.2-1828\/","token":"6.2\/III\/18\/6.2-1828","metadata":{"court_decisions":""}},{"id":373976,"structure_id":53192,"section_number":"6.2-1829","catch_line":"Violation of the Virginia Consumer Protection Act","url":"\/6.2-1829\/","token":"6.2\/III\/18\/6.2-1829","metadata":false}],"previous_section":{"id":373967,"structure_id":53192,"section_number":"6.2-1820","catch_line":"Other business","url":"\/6.2-1820\/","token":"6.2\/III\/18\/6.2-1820","metadata":false},"next_section":{"id":373969,"structure_id":53192,"section_number":"6.2-1822","catch_line":"Cease and desist orders","url":"\/6.2-1822\/","token":"6.2\/III\/18\/6.2-1822","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1821\/","history_text":"<p>This law was first created in 2002. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?021+ful+CHAP0897\">897<\/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":[{"id":373970,"section_number":"6.2-1823","catch_line":"Notice of proposed suspension or revocation","order_by":null,"url":"\/6.2-1823\/"},{"id":373971,"section_number":"6.2-1824","catch_line":"Civil penalties","order_by":null,"url":"\/6.2-1824\/"}],"refers_to":false,"permalink":{"id":1493347,"object_type":"law","relational_id":373968,"identifier":"6.2-1821","token":"6.2\/III\/18\/6.2-1821","url":"\/6.2-1821\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-1821\/","token":"6.2\/III\/18\/6.2-1821","dublin_core":{"Title":"Suspension or revocation of license","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1821","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> The <span class=\"dictionary\">Commission<\/span> may suspend or revoke any license issued under this chapter upon any of the following grounds: <a id=\"paragraph-1395843\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1821\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> Any ground for denial of a license under this chapter; <a id=\"paragraph-1395844\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1821\/#A1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A2\" class=\"indent-1\"><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 business; <a id=\"paragraph-1395845\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1821\/#A2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> A course of conduct consisting of the failure to perform written agreements with borrowers; <a id=\"paragraph-1395846\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1821\/#A3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A4\" class=\"indent-1\"><p><span class=\"prefix-number\">4.<\/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-1395847\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1821\/#A4\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A5\" class=\"indent-1\"><p><span class=\"prefix-number\">5.<\/span> Entry of a <span class=\"dictionary\">judgment<\/span> against the <span class=\"dictionary\">licensee<\/span> involving <span class=\"dictionary\">fraud<\/span>, misrepresentation or deceit; <a id=\"paragraph-1395848\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1821\/#A5\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A6\" class=\"indent-1\"><p><span class=\"prefix-number\">6.<\/span> Entry of a federal or state administrative <span class=\"dictionary\">order<\/span> against such <span class=\"dictionary\">licensee<\/span> for violation of any <span class=\"dictionary\">law<\/span> or any regulation applicable to the conduct of his business; <a id=\"paragraph-1395849\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1821\/#A6\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A7\" class=\"indent-1\"><p><span class=\"prefix-number\">7.<\/span> Refusal to permit an investigation or examination by the <span class=\"dictionary\">Commission<\/span>; <a id=\"paragraph-1395850\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1821\/#A7\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A8\" class=\"indent-1\"><p><span class=\"prefix-number\">8.<\/span> Failure to pay any fee or assessment imposed by this chapter; or <a id=\"paragraph-1395851\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1821\/#A8\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A9\" class=\"indent-1\"><p><span class=\"prefix-number\">9.<\/span> Failure to comply with any <span class=\"dictionary\">order<\/span> of the <span class=\"dictionary\">Commission<\/span>. <a id=\"paragraph-1395852\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1821\/#A9\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> For the purposes of this section, acts of any officer, director, member, partner, or <span class=\"dictionary\">principal<\/span> shall be deemed acts of the <span class=\"dictionary\">licensee<\/span>. <a id=\"paragraph-1395853\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1821\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nSUSPENSION OR REVOCATION OF LICENSE (\u00a7 6.2-1821)\n\nA. The Commission may suspend or revoke any license issued under this chapter\nupon any of the following grounds:\n\n   1. Any ground for denial of a license under this chapter;\n\n   2. Any violation of the provisions of this chapter or regulations adopted by\n   the Commission pursuant thereto, or a violation of any other law or regulation\n   applicable to the conduct of the licensee&#8217;s business;\n\n   3. A course of conduct consisting of the failure to perform written agreements\n   with borrowers;\n\n   4. Conviction of a felony or misdemeanor involving fraud, misrepresentation or\n   deceit;\n\n   5. Entry of a judgment against the licensee involving fraud, misrepresentation\n   or deceit;\n\n   6. Entry of a federal or state administrative order against such licensee for\n   violation of any law or any regulation applicable to the conduct of his\n   business;\n\n   7. Refusal to permit an investigation or examination by the Commission;\n\n   8. Failure to pay any fee or assessment imposed by this chapter; or\n\n   9. Failure to comply with any order of the Commission.\n\nB. For the purposes of this section, acts of any officer, director, member,\npartner, or principal shall be deemed acts of the licensee.\n\nHISTORY: 2002, c. 897, \u00a7 6.1-464; 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"}}