6.2-1623 - (Effective October 1, 2010) Notice of proposed suspension or revocation. - Virginia Statutes

§ 6.2-1623. (Effective October 1, 2010) Notice of proposed suspension orrevocation.

The Commission may not revoke or suspend the license of any licensee upon anyof the grounds set forth in § 6.2-1619 until it has given the mortgage lenderor mortgage broker (i) 21 days' notice in writing of the reasons for theproposed revocation or suspension and (ii) an opportunity to introduceevidence and be heard. The notice shall be sent by certified mail to theprincipal place of business of such licensee and shall state withparticularity the grounds for the contemplated action. Within 14 days ofmailing the notice, the licensee named therein may file with the clerk of theCommission a written request for a hearing. If a hearing is requested, theCommission shall not suspend or revoke the license except based upon findingsmade at such hearing. The hearing shall be conducted in accordance with theprovisions of Title 12.1.

(1987, c. 596, § 6.1-427; 2010, c. 794.)