§ 6.1-267. Other business in same office; fee
A. No licensee shall conduct the business of making loans under this chapter within any office, suite, room, or place of business in which any other business is solicited or engaged in, or in association or conjunction with any other business, unless thirty days' written notice is first given to the Commission. Upon receipt of such notice, the Commission may require the licensee to provide information relating to the other business and how and by whom it will be conducted.
Every notice shall be accompanied by a fee of $300.
B. The provisions of this section shall not affect any regulations promulgated by the Commission prior to July 1, 2000, governing the conduct of other businesses in a licensee's office, nor shall they affect the authority of the Commission to promulgate such regulations as the Commission deems necessary. The Commission shall have the authority to investigate the conduct of such other businesses in the licensee's office.
C. If the Commission finds that the other business (i) is of such a nature or is being conducted in such a manner as to conceal or facilitate violation or evasion of the provisions of this chapter or regulations adopted pursuant to it; (ii) is contrary to the public interest; or (iii) is otherwise being conducted in an unlawful manner, the Commission may, after notice to the licensee and an opportunity for a hearing, prohibit or limit the conduct of such other business in the licensee's office.
(Code 1950, § 6-297; 1966, c. 584; 1981, c. 452; 2000, c. 192.)
Sections: Previous 6.1-260 6.1-261 6.1-262 6.1-263 6.1-264 6.1-265 6.1-266 6.1-267 6.1-267.1 6.1-268 6.1-269 6.1-269.1 6.1-270 6.1-271 6.1-272 NextLast modified: April 2, 2009