A. An application for a license under this chapter shall be made in writing, under oath and on a form provided by the Commissioner.
B. The application shall set forth:
1. The name and address of the applicant;
2. If the applicant is a firm or partnership, the name and address of each member of the firm or partnership;
3. If the applicant is a corporation or a limited liability company, the name and address of each officer, director, registered agent, and each principal;
4. The addresses of the locations of the offices to be approved; and
5. Such other information concerning the financial responsibility, background, experience and activities of the applicant and its members, officers, directors, and principals as the Commissioner may require.
C. The application shall be accompanied by payment of an application fee of $500 or other reasonable amount that the Commission prescribes by regulation.
D. The application fee shall not be refundable in any event. The fee shall not be abated by surrender, suspension, or revocation of the license.
2002, c. 897, § 6.1-447; 2010, c. 794; 2020, cc. 1215, 1258.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
§ 6.2-1801. License requirement
§ 6.2-1803. Application for license; form; content; fee
§ 6.2-1805. Investigation of applications
§ 6.2-1807. Licenses; places of offices; changes
§ 6.2-1808. Acquisition of control; application
§ 6.2-1809. Retention of books, accounts, and records
§ 6.2-1812. Other reporting requirements
§ 6.2-1813. Investigations; examinations
§ 6.2-1816. Required and prohibited business methods
§ 6.2-1816.1. Loan terms and conditions
§ 6.2-1817. Authorized fees and charges
§ 6.2-1817.1. Inflation adjustment of maximum monthly maintenance fee
§ 6.2-1818.1. Refinancing of short-term loans
§ 6.2-1818.2. Statement of balance due; repayment and refunds
§ 6.2-1818.3. Restriction on certain fees and charges
§ 6.2-1818.4. Verification of borrower's income
§ 6.2-1821. Suspension or revocation of license
§ 6.2-1822. Cease and desist orders
§ 6.2-1823. Notice of proposed suspension or revocation
§ 6.2-1825. Criminal penalties
§ 6.2-1826. Validity of noncompliant loan agreement; private right of action
§ 6.2-1827. Application of chapter to Internet loans
§ 6.2-1828. Authority of Attorney General; referral by Commission to Attorney General
§ 6.2-1829. Violation of the Virginia Consumer Protection Act