Virginia Code 6.2-1715: Advertising; use of a unique identifier
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A. No individual required to be licensed under this chapter shall use or cause to be published any advertisement that:
Terms Used In Virginia Code 6.2-1715
- Act: means the federal Secure and Fair Enforcement for Mortgage Licensing Act, Title V (§ 1501 et seq. See Virginia Code 6.2-1700
- Commission: means the State Corporation Commission. See Virginia Code 6.2-100
- Licensee: means an individual licensed under this chapter. See Virginia Code 6.2-1700
- Registry: means a mortgage licensing system developed and maintained by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators for the licensing and registration of mortgage loan originators. See Virginia Code 6.2-1700
- Unique identifier: means a number or other identifier assigned by protocols established by the Registry that permanently identifies a mortgage loan originator. See Virginia Code 6.2-1700
1. Contains any false, misleading, or deceptive statement or representation; or
2. Except as otherwise provided by the Commission, identifies a licensee by any name other than the name set forth on the license issued by the Commission.
B. No licensee shall use the unique identifier obtained from the Registry for any purpose other than the purposes of the Act and this chapter.
2009, cc. 273, 453, § 6.1-431.16; 2010, c. 794; 2012, cc. 52, 187.