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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>373935</law_id><section_number>6.2-1716</section_number><catch_line>Suspension or revocation of license</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="10" identifier="6.2">Financial Institutions and Services</unit><unit label="subtitle" level="2" order_by="3" identifier="III">Other Regulated Providers of Financial Services</unit><unit label="chapter" level="3" order_by="3" identifier="17">Mortgage Loan Originators</unit></structure><text>
						<section><p>The <span class="dictionary">Commission</span> may suspend or revoke any license issued under this chapter based upon:</p></section>
						<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"/></a></p></section>
						<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>&#x2019;s licensed activities; <a id="paragraph-1395675" class="section-permalink" href="https://vacode.org/6.2-1716/#2"><i class="fa fa-link"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section></text><history>2009, cc. 273, 453, &#xA7; 6.1-431.17; 2010, c. 794.</history><metadata></metadata></law>
