The Commission shall not revoke or suspend the license of any licensee upon any of the grounds set forth in § 6.2-1821 until it has given the licensee 21 days' notice in writing of the reasons for the proposed revocation or suspension and an opportunity to introduce evidence and be heard. The notice shall be sent by certified mail to the principal place of business of the licensee or other address authorized under § 12.1-19.1 and shall state with particularity the grounds for the contemplated action. Within 14 days of mailing the notice, the person named therein may file with the clerk of the Commission a written request for a hearing. If a hearing is requested, the Commission shall not suspend or revoke the license except based upon findings made at such hearing. The hearing shall be conducted in accordance with the provisions of Title 12.1.
2002, c. 897, § 6.1-466; 2010, c. 794.
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