CODE OF VIRGINIA

CIVIL PENALTIES (§ 6.2-1624)

In addition to the authority conferred under §§ 6.2-1619 and 6.2-1622, the
Commission may impose a civil penalty not exceeding $ 2,500 upon any mortgage
lender or mortgage broker required to be licensed under this chapter who it
determines, in proceedings commenced in accordance with the Commission’s
Rules, has violated any of the provisions of this chapter or any other law or
regulation applicable to the conduct of the mortgage lender’s or mortgage
broker’s business. For the purposes of this section, each separate
violation shall be subject to the civil penalty herein prescribed, and each day
after the date of notification, excluding Sundays and holidays, as prescribed in
§ 2.2-3300, that an unlicensed person engages in the business or holds himself
out to the general public as a mortgage lender or mortgage broker shall
constitute a separate violation.

HISTORY: 1987, c. 596, § 6.1-428; 1990, c. 4; 2001, c. 511; 2008, c. 863; 2010,
c. 794.