The Commission may impose a civil penalty not exceeding $2,500 upon any person who it determines, in proceedings commenced in accordance with the Commission's Rules, has violated any of the provisions of this chapter or regulations adopted by the Commission pursuant thereto or violated any other law or regulation applicable to conduct of the person's business. For the purposes of this section, each separate violation shall be subject to the civil penalty prescribed in this section, and each day that an unlicensed person engages in the business of a qualified education loan servicer shall constitute a separate violation.
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