6.1-431.8 - (Repealed effective October 1, 2010) Other conditions for mortgage loan originator licensing.
§ 6.1-431.8. (Repealed effective October 1, 2010) Other conditions formortgage loan originator licensing.
In addition to the findings required by § 6.1-431.7, the Commission shall notissue a mortgage loan originator license unless it makes the followingfindings:
1. The applicant has never had a mortgage loan originator license revoked byany governmental authority;
2. The applicant has not been convicted of, or pled guilty or nolo contendereto, a felony in a domestic, foreign, or military court (i) during theseven-year period preceding the application for licensing and registration;or (ii) at any time preceding such date of application if such felonyinvolved an act of fraud, dishonesty, breach of trust, or money laundering;
3. The applicant has completed the pre-licensing education requirementdescribed in § 6.1-431.9;
4. The applicant has passed a written test that meets the test requirement in§ 6.1-431.10; and
5. The applicant has become registered through, and obtained a uniqueidentifier from, the Registry.
(2009, cc. 273, 453.)