The Commission may impose a civil penalty not exceeding $2,500 upon any individual required to be licensed under this chapter who it determines, in proceedings commenced in accordance with the Commission's Rules, has violated any of the provisions of this chapter or any other law or regulation applicable to the licensee's activities. For the purposes of this section, each separate violation shall be subject to the civil penalty herein prescribed, and each day that an unlicensed individual engages in the business of a mortgage loan originator shall constitute a separate violation.
2009, cc. 273, 453, § 6.1-431.20; 2010, c. 794; 2012, cc. 52, 187.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 17 - Mortgage Loan Originators
§ 6.2-1701. License requirement
§ 6.2-1701.1. Bona fide nonprofit organizations
§ 6.2-1701.3. Temporary authority to act as a mortgage loan originator
§ 6.2-1702. Application for license; form; content; fee
§ 6.2-1704. Mortgage loan originator background checks
§ 6.2-1705. Coordination of licensing
§ 6.2-1707. Other conditions for mortgage loan originator licensing
§ 6.2-1708. Pre-licensing education of mortgage loan originators
§ 6.2-1709. Testing of mortgage loan originator applicants
§ 6.2-1710. Continuing education requirements
§ 6.2-1711. Licenses; places of business; changes
§ 6.2-1712.1. Inactive mortgage loan originator licenses
§ 6.2-1713. Investigations; examinations
§ 6.2-1715. Advertising; use of a unique identifier
§ 6.2-1716. Suspension or revocation of license
§ 6.2-1717. Filing of written report with Commissioner; events affecting a licensee
§ 6.2-1718. Notice of proposed suspension or revocation
§ 6.2-1720. Regulations; agreements between Commission and Registry