Source: http://www.lawserver.com/law/state/virginia/va-code/virginia_code_6-2-1602
Timestamp: 2013-05-25 02:38:22
Document Index: 697579435

Matched Legal Cases: ['§ 6', '§ 6', '§ 6', '§ 6', '§ 6', '§ 6', '§ 6', '§ 6']

Virginia Code 6.2-1602 - Persons exempt from chapter. :: Lawserver LawServer - Laws, Legal Information and Lawyers
Home > For Everyone > Real Estate > Mortgage Lending > Virginia Code 6.2-1602 - Persons exempt from chapter. Mortgage Lending For this topic: Go back to the topic homeTopic HomeJoin the forum for this topicForumSign up for Email related to this topicEmailRSS feed for this topicRSSFeedbackFeedback	Search the Virginia Code
Virginia Code 6.2-1602 - Persons exempt from chapter. Virginia Code > Title 6.2 > Chapter 16 > § 6.2-1602 - Persons exempt from chapter.Current as of: 2011Check for updates§ 6.2-1602. Persons exempt from chapter.The following shall be exempt from the licensing and other provisions of this chapter:1. Lenders making three or fewer mortgage loans in any period of 12 consecutive months;2. Any person subject to the general supervision of or subject to examination by the Commissioner pursuant to Chapters 7 (§ 6.2-700 et seq.), 8 (§ 6.2-800 et seq.), 11 (§ 6.2-1100 et seq.), 13 (§ 6.2-1300 et seq.), or 14 (§ 6.2-1400 et seq.);3. Any lender authorized to engage in business as a bank, savings institution, or credit union under the laws of the United States or any state, and subsidiaries and affiliates of such entities which lender, subsidiary or affiliate is subject to the general supervision or regulation of or subject to audit or examination by a regulatory body or agency of the United States or any state;4. Nonprofit corporations making mortgage loans to promote home ownership or improvements for the disadvantaged;5. Agencies of the federal government, or any state or municipal government, or any quasi-governmental agency making or brokering mortgage loans under the specific authority of the laws of any state or the United States;6. Persons acting as fiduciaries with respect to any employee pension benefit plan qualified under the Internal Revenue Code who make mortgage loans solely to plan participants from plan assets;7. Any insurance company;8. Persons licensed by the Commonwealth as attorneys, real estate brokers, or real estate salesmen, not actively and principally engaged in negotiating, placing or finding mortgage loans, when rendering services as an attorney, real estate broker or real estate salesman; however, a real estate broker or real estate salesman who receives any fee, commission, kickback, rebate or other payment for directly or indirectly negotiating, placing or finding a mortgage loan for others shall not be exempt from the provisions of this chapter;9. Persons acting in a fiduciary capacity conferred by authority of any court;10. Persons licensed as small business investment companies by the Small Business Administration; and11. The Virginia Housing Development Authority and persons who (i) are approved by the Virginia Housing Development Authority pursuant to its rules and regulations to act as field originators with respect to mortgage loans made under its programs and (ii) are not engaged in any other activities for which a license is required to be obtained under this chapter.(1987, c. 596, § 6.1-411; 1989, cc. 411, 667; 1992, c. 156; 1995, c. 62; 1996, c. 126; 2003, c. 386; 2010, c. 794.) ________________________________________________________________________
Questions & Answers: Mortgage Lending I am trying to determine if I have a case. My wife entered into a first position equity line of credit back in 2007. Our lender granted this loan without regard to repayment as m... no English majors in sight here... so let me see if I understand this right..... Your wife knowingly entered into a mortgage knowing she had no job or income? Seems to me that she likely defrauded the lender by lyi... Should i be concerned that my refi was completed without a subordination agreement from my second lender?... The lenders broker locked in my rate without telling me. I have not signed nor do I intend to sign this lock in agreement. Am I obligated to accept this interest rate, the current ...Virginia Laws: Mortgage Lending Virginia Code Title 6.2 > Chapter 16 - Mortgage Lenders and Mortgage Brokers Virginia Code Title 6.2 > Chapter 17 - Mortgage Loan OriginatorsU.S. Code Provisions: Mortgage Lending U.S. Code > Title 12 > Chapter 11A - Federal Home Loan Mortgage Corporation U.S. Code > Title 12 > Chapter 27 - Real Estate Settlement Procedures U.S. Code > Title 12 > Chapter 28 - Emergency Mortgage Relief U.S. Code > Title 12 > Chapter 29 - Home Mortgage Disclosure U.S. Code > Title 12 > Chapter 39 - Alternative Mortgage Transactions U.S. Code Title 12 > Chapter 42 > Subchapter I - Prepayment Of Mortgages Insured Under National Housing Act U.S. Code > Title 12 > Chapter 49 - Homeowners Protection U.S. Code > Title 12 > Chapter 51 - Secure And Fair Enforcement For Mortgage LicensingFederal Regulations: Mortgage Lending U.S. Code > Title 12 > Chapter 11A - Federal Home Loan Mortgage Corporation U.S. Code > Title 12 > Chapter 27 - Real Estate Settlement Procedures U.S. Code > Title 12 > Chapter 28 - Emergency Mortgage Relief U.S. Code > Title 12 > Chapter 29 - Home Mortgage Disclosure U.S. Code > Title 12 > Chapter 39 - Alternative Mortgage Transactions U.S. Code Title 12 > Chapter 42 > Subchapter I - Prepayment Of Mortgages Insured Under National Housing Act U.S. Code > Title 12 > Chapter 49 - Homeowners Protection U.S. Code > Title 12 > Chapter 51 - Secure And Fair Enforcement For Mortgage Licensing