The Commission shall not revoke or suspend the license of any licensee upon any of the grounds set forth in § 6.2-2615 until it has given the licensee (i) 21 days' notice in writing of the reasons for the proposed revocation or suspension and (ii) an opportunity to introduce evidence and be heard. The notice shall be sent by certified mail to the principal place of business of such licensee and shall state with particularity the grounds for the contemplated action. Within 14 days of mailing the notice, the licensee 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 Commission's Rules.
2020, cc. 1198, 1250.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 26 - Qualified Education Loan Servicers
§ 6.2-2601. License requirement; exceptions
§ 6.2-2603. Application for license; form; content; fee
§ 6.2-2605. Investigation of applications
§ 6.2-2607. Licenses; place of business; changes; renewal
§ 6.2-2608. Retention of records; responding to the Bureau
§ 6.2-2609. Acquisition of control; application
§ 6.2-2610. Prohibited activities; compliance with federal laws and regulations
§ 6.2-2611. Affirmative acts required of qualified education loan servicers
§ 6.2-2612. Reporting requirements
§ 6.2-2613. Investigations; examinations
§ 6.2-2615. Suspension or revocation of license
§ 6.2-2616. Notice of proposed suspension or revocation
§ 6.2-2617. Cease and desist orders
§ 6.2-2619. Private cause of action
§ 6.2-2620. Investigating and restraining prohibited acts
§ 6.2-2621. Violation of the Virginia Consumer Protection Act