§ 6.2-2203 — Application for license; form; content; fee

Virginia § 6.2-2203

• Jurisdiction: Virginia
• Title 6.2: Financial Institutions and Services
• Subtitle III: Other Regulated Providers of Financial Services
• Ch. 22: Motor Vehicle Title Loans

Text

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 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 addresses of the locations of the business to be licensed; and

3. 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 may prescribe 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.

Legislative History

2010, c. 477, § 6.1-483; 2020, cc. 1215, 1258.