Code of Virginia
Chapter 20.1 - Debt Settlement Services Providers
§ 6.2-2028. Application for license; form; content; fee

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 include:
1. The name and address of the applicant and (i) if the applicant is a partnership, firm, or association, the name and address of each partner or member; (ii) if the applicant is a corporation or limited liability company, the name and address of each director, member, registered agent, and principal; or (iii) if the applicant is a business trust, the name and address of each trustee and beneficiary;
2. The name and address of each manager and officer;
3. The addresses of the locations of the business to be licensed;
4. Financial statements for the applicant;
5. A current copy of the applicant's standard debt settlement services agreement;
6. Such other information concerning the financial responsibility, background, experience, and activities of the applicant and the persons referred to in this section as the Commissioner may require;
7. Any other pertinent information as the Commissioner may require; and
8. Payment of an application fee of $500.
C. The application fee shall not be refundable in any event. The fee shall not be abated by surrender, suspension, or revocation of the license.
2020, c. 785.

Structure Code of Virginia