{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-2043.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-2043.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-2043.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-2043.html"}],"law_id":374085,"edition_id":2,"section_id":374085,"structure_id":53199,"section_number":"6.2-2043","catch_line":"Suspension or revocation of license","history":"2020, c. 785.","full_text":"A\n\nThe Commission may suspend or revoke any license issued under this chapter upon any of the following grounds:\n\n1\n\nAny ground for denial of a license under this chapter;\n\n2\n\nAny violation of the provisions of this chapter or regulations adopted by the Commission thereunder, or a violation of any other law or regulation applicable to the conduct of the licensee’s business;\n\n3\n\nA course of conduct consisting of the failure to perform written agreements with consumers;\n\n4\n\nConviction of a felony or misdemeanor involving fraud, misrepresentation, or deceit;\n\n5\n\nEntry of a judgment against the licensee involving fraud, misrepresentation, or deceit;\n\n6\n\nEntry of a federal or state administrative order against such licensee for violation of any law or any regulation applicable to the conduct of his business;\n\n7\n\nRefusal to permit an investigation or examination by the Commission;\n\n8\n\nFailure to pay any fee or assessment imposed by this chapter;\n\n9\n\nFailure to comply with any order of the Commission; or\n\n10\n\nInsolvency of the licensee.\n\nB\n\nFor the purposes of this section, acts of any officer, director, member, trustee, beneficiary, partner, or principal shall be deemed acts of the licensee.\n\n","order_by":null,"text":{"0":{"id":1396480,"text":"The Commission may suspend or revoke any license issued under this chapter upon any of the following grounds:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":1396481,"text":"Any ground for denial of a license under this chapter;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":1396482,"text":"Any violation of the provisions of this chapter or regulations adopted by the Commission thereunder, or a violation of any other law or regulation applicable to the conduct of the licensee’s business;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":1396483,"text":"A course of conduct consisting of the failure to perform written agreements with consumers;","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":1396484,"text":"Conviction of a felony or misdemeanor involving fraud, misrepresentation, or deceit;","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"A5"},"5":{"id":1396485,"text":"Entry of a judgment against the licensee involving fraud, misrepresentation, or deceit;","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2,"prior_prefix":"A4","next_prefix":"A6"},"6":{"id":1396486,"text":"Entry of a federal or state administrative order against such licensee for violation of any law or any regulation applicable to the conduct of his business;","type":"section","prefixes":["A","6"],"prefix":"6","entire_prefix":"A6","prefix_anchor":"A6","level":2,"prior_prefix":"A5","next_prefix":"A7"},"7":{"id":1396487,"text":"Refusal to permit an investigation or examination by the Commission;","type":"section","prefixes":["A","7"],"prefix":"7","entire_prefix":"A7","prefix_anchor":"A7","level":2,"prior_prefix":"A6","next_prefix":"A8"},"8":{"id":1396488,"text":"Failure to pay any fee or assessment imposed by this chapter;","type":"section","prefixes":["A","8"],"prefix":"8","entire_prefix":"A8","prefix_anchor":"A8","level":2,"prior_prefix":"A7","next_prefix":"A9"},"9":{"id":1396489,"text":"Failure to comply with any order of the Commission; or","type":"section","prefixes":["A","9"],"prefix":"9","entire_prefix":"A9","prefix_anchor":"A9","level":2,"prior_prefix":"A8","next_prefix":"A10"},"10":{"id":1396490,"text":"Insolvency of the licensee.","type":"section","prefixes":["A","10"],"prefix":"10","entire_prefix":"A10","prefix_anchor":"A10","level":2,"prior_prefix":"A9","next_prefix":"B"},"11":{"id":1396491,"text":"For the purposes of this section, acts of any officer, director, member, trustee, beneficiary, partner, or principal shall be deemed acts of the licensee.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A10"}},"ancestry":[{"id":53199,"edition_id":2,"name":"Debt Settlement Services Providers","identifier":"20.1","label":"chapter","depth":3,"order_by":8,"parent_id":53187,"metadata":{"child_laws":25,"child_structures":0},"date_created":"2026-08-02 03:12:48","date_modified":"2026-08-02 12:28:08","permalink":{"id":1493733,"object_type":"structure","relational_id":53199,"identifier":"20.1","token":"6.2\/III\/20.1","url":"\/6.2\/III\/20.1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53187,"edition_id":2,"name":"Other Regulated Providers of Financial Services","identifier":"III","label":"subtitle","depth":2,"order_by":3,"parent_id":53152,"metadata":{"child_laws":332,"child_structures":12},"date_created":"2026-08-02 03:12:17","date_modified":"2026-08-02 12:28:07","permalink":{"id":1492723,"object_type":"structure","relational_id":53187,"identifier":"III","token":"6.2\/III","url":"\/6.2\/III\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53152,"edition_id":2,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":10,"parent_id":null,"metadata":{"child_laws":961,"child_structures":89},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:53","permalink":{"id":1490251,"object_type":"structure","relational_id":53152,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":374066,"structure_id":53199,"section_number":"6.2-2026","catch_line":"Definitions","url":"\/6.2-2026\/","token":"6.2\/III\/20.1\/6.2-2026","metadata":false},{"id":374067,"structure_id":53199,"section_number":"6.2-2027","catch_line":"License requirement; 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prohibited and required business methods","url":"\/6.2-2040\/","token":"6.2\/III\/20.1\/6.2-2040","metadata":false},{"id":374083,"structure_id":53199,"section_number":"6.2-2041","catch_line":"Fee","url":"\/6.2-2041\/","token":"6.2\/III\/20.1\/6.2-2041","metadata":{"court_decisions":""}},{"id":374084,"structure_id":53199,"section_number":"6.2-2042","catch_line":"Advertising","url":"\/6.2-2042\/","token":"6.2\/III\/20.1\/6.2-2042","metadata":false},{"id":374085,"structure_id":53199,"section_number":"6.2-2043","catch_line":"Suspension or revocation of license","url":"\/6.2-2043\/","token":"6.2\/III\/20.1\/6.2-2043","metadata":false},{"id":374086,"structure_id":53199,"section_number":"6.2-2044","catch_line":"Cease and desist orders","url":"\/6.2-2044\/","token":"6.2\/III\/20.1\/6.2-2044","metadata":false},{"id":374087,"structure_id":53199,"section_number":"6.2-2045","catch_line":"Notice of proposed suspension or revocation","url":"\/6.2-2045\/","token":"6.2\/III\/20.1\/6.2-2045","metadata":false},{"id":374088,"structure_id":53199,"section_number":"6.2-2046","catch_line":"Civil penalties","url":"\/6.2-2046\/","token":"6.2\/III\/20.1\/6.2-2046","metadata":false},{"id":374089,"structure_id":53199,"section_number":"6.2-2047","catch_line":"Criminal penalty","url":"\/6.2-2047\/","token":"6.2\/III\/20.1\/6.2-2047","metadata":false},{"id":374090,"structure_id":53199,"section_number":"6.2-2048","catch_line":"Private right of action","url":"\/6.2-2048\/","token":"6.2\/III\/20.1\/6.2-2048","metadata":false},{"id":374091,"structure_id":53199,"section_number":"6.2-2049","catch_line":"Authority of Attorney General; referral by Commission to Attorney General","url":"\/6.2-2049\/","token":"6.2\/III\/20.1\/6.2-2049","metadata":false},{"id":374092,"structure_id":53199,"section_number":"6.2-2050","catch_line":"Violation of the Virginia Consumer Protection Act","url":"\/6.2-2050\/","token":"6.2\/III\/20.1\/6.2-2050","metadata":false}],"previous_section":{"id":374084,"structure_id":53199,"section_number":"6.2-2042","catch_line":"Advertising","url":"\/6.2-2042\/","token":"6.2\/III\/20.1\/6.2-2042","metadata":false},"next_section":{"id":374086,"structure_id":53199,"section_number":"6.2-2044","catch_line":"Cease and desist orders","url":"\/6.2-2044\/","token":"6.2\/III\/20.1\/6.2-2044","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-2043\/","history_text":"

This law was first created in 2020. The record of its establishment is cataloged in chapter 785<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":374087,"section_number":"6.2-2045","catch_line":"Notice of proposed suspension or revocation","order_by":null,"url":"\/6.2-2045\/"},{"id":374088,"section_number":"6.2-2046","catch_line":"Civil penalties","order_by":null,"url":"\/6.2-2046\/"}],"refers_to":false,"permalink":{"id":1493803,"object_type":"law","relational_id":374085,"identifier":"6.2-2043","token":"6.2\/III\/20.1\/6.2-2043","url":"\/6.2-2043\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-2043\/","token":"6.2\/III\/20.1\/6.2-2043","dublin_core":{"Title":"Suspension or revocation of license","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-2043","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Commission<\/span> may suspend or revoke any license issued under this chapter upon any of the following grounds: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Any ground for denial of a license under this chapter; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Any violation of the provisions of this chapter or regulations adopted by the Commission<\/span> thereunder, or a violation of any other law<\/span> or regulation applicable to the conduct of the licensee<\/span>’s business; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> A course of conduct consisting of the failure to perform written agreements with consumers<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Conviction<\/span> of a felony<\/span> or misdemeanor<\/span> involving fraud<\/span>, misrepresentation, or deceit; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Entry of a judgment<\/span> against the licensee<\/span> involving fraud<\/span>, misrepresentation, or deceit; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Entry of a federal or state administrative order<\/span> against such licensee<\/span> for violation of any law<\/span> or any regulation applicable to the conduct of his business; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> Refusal to permit an investigation or examination by the Commission<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> Failure to pay any fee or assessment imposed by this chapter; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> Failure to comply with any order<\/span> of the Commission<\/span>; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

10.<\/span> Insolvency of the licensee<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> For the purposes of this section, acts of any officer, director, member, trustee, beneficiary, partner, or principal<\/span> shall be deemed acts of the licensee<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSUSPENSION OR REVOCATION OF LICENSE (\u00a7 6.2-2043)\n\nA. The Commission may suspend or revoke any license issued under this chapter\nupon any of the following grounds:\n\n 1. Any ground for denial of a license under this chapter;\n\n 2. Any violation of the provisions of this chapter or regulations adopted by\n the Commission thereunder, or a violation of any other law or regulation\n applicable to the conduct of the licensee’s business;\n\n 3. A course of conduct consisting of the failure to perform written agreements\n with consumers;\n\n 4. Conviction of a felony or misdemeanor involving fraud, misrepresentation,\n or deceit;\n\n 5. Entry of a judgment against the licensee involving fraud,\n misrepresentation, or deceit;\n\n 6. Entry of a federal or state administrative order against such licensee for\n violation of any law or any regulation applicable to the conduct of his\n business;\n\n 7. Refusal to permit an investigation or examination by the Commission;\n\n 8. Failure to pay any fee or assessment imposed by this chapter;\n\n 9. Failure to comply with any order of the Commission; or\n\n 10. Insolvency of the licensee.\n\nB. For the purposes of this section, acts of any officer, director, member,\ntrustee, beneficiary, partner, or principal shall be deemed acts of the\nlicensee.\n\nHISTORY: 2020, c. 785.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}