§ 6.1-410. License requirement
No person shall engage in business as a mortgage lender or a mortgage broker, or hold himself out to the general public to be a mortgage lender or a mortgage broker unless such person has first obtained a license under this chapter. However, subject to such conditions as the Commission may prescribe, an individual who is a bona fide employee or exclusive agent of a person licensed under this chapter may negotiate, place or find mortgage loans without being licensed as a mortgage broker.
(1987, c. 596; 1990, c. 4; 2001, c. 24.)
Sections: Previous 6.1-408 6.1-409 6.1-410 6.1-411 6.1-412 6.1-413 6.1-414 6.1-415 6.1-416 6.1-416.1 6.1-417 6.1-418 6.1-419 6.1-420 6.1-421 NextLast modified: April 2, 2009