Mortgage Licensees Not in Good Standing for Failure to Pay Annual Fee
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The listed licensees under the Virginia Mortgage Lender and Broker Act have failed to pay their annual fee by May 25, as required by section 6.1-420 of the Code of Virginia. Consequently, these licensees are currently not in good standing with the Bureau of Financial Institutions. Pursuant to section 6.1-425 of the Code of Virginia, failure to pay the annual fee is grounds for revocation of any lender's or broker's license. The continued failure to pay the prescribed fee will result in a recommendation to the State Corporation Commission that such licenses be revoked. Please note that this list will be updated each Friday.