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Do commercial loan brokers in Virginia need to be licensed?

In the State of Virginia, you must obtain a license to be a commercial mortgage loan broker. There is an initial fee of $500 and the requirement for a Surety Bond. The Virginia Department of Business Assistance can give you further details and answer questions. Call them at 1-866-248-8814. By the way, if you are interested in being a mortgage banker (vs. broker) that means you actually fund a loan and then sell the loan into the secondary market to get your money back to lend again. Such a "lending" license in Virginia requires a minimum net worth of $200,000.


What license do you need to sell fixed annuity?

A securities license called a Life License


Does finance require a license or certification?

A license.


What type of license is necessary to work for Primerica?

Life insurance license Series 6, 63, 66, & 26. Mortgage license Health insurance license.


Shouldn't you get a letter from the finance company giving you the option of paying of the loan before your car is sold at auction in Virginia?

NO...but you can CALL the lender and ask to pay it off.. Virginia TITLE STATE: Yes SECURITY INTERESTS: Shown on title held by lien holder. LICENSE REGISTRATION: Virginia Department of Motor Vehicles, P.O. Box 27412, Richmond, Virginia 23269-0001. Tel.:(804)367-0063. RECOVERY REQUIREMENT: As per UCC, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: If Virginia title, must be in the name of the lien holder. Will accept repossession affidavit from other states. PLATES: Remain with debtor. http://www.virginia.us/cmsportal/ http://legis.state.va.us/Laws/CodeofVa.htm

Related Questions

Can a general contractor with a B-license do a sheet rocking project with out holding a C-9 drywall license?

I am a licensed general contractor in San Francisco. I provided a customer a quote on drywall repairs. The customer signed a contract and we are in the middle of completing the project. I received a letter from the customer stating that the California state board of contractors said that we were not able to perform this duty with a B-license, we needed a C-9 drywall license. Is this correct that we can not do drywall installation with a B-license.


What is Virginia's license plate?

Virginia


If you were married in the Bahama's but did not file the license in Virginia how do you get divorced?

As you did not have a license in Virginia it will be very hard to get it.


Where can you fish and use either a Maryland fishing license or a West Virginia fishing license?

Well in Maryland you can fish with a Maryland fishing license and in West Virginia you can fish with a West Virginia fishing license.


If license is suspended in Colorado can you get drivers license in Virginia?

No


Do you need a license to repair drywall if your pipes busted if you are the home onwer?

Not is you are simply replacing what was there.


Do I need a West Virginia Business License if I have a Virginia License?

Yes, it is its own state regardless of its name


Do you need a front license plate in Virginia?

Both front and rear state license plates are manditory in Virginia.


I have a drivers license from Palau so how do I surrender my driver's license in Virginia?

Go to the DMV office in Virginia, they can answer all your questions.


Do you have to have a front license plate?

In Virginia you do have a front license plate, but in Florida they do not.


Do you need a license in virginia to do eyelash extensions?

Yes. An esthetician license.


If you drivers license is suspended in Michigan can you obtain a drivers license in Virginia?

No