§ 6.2-2600. Definitions
As used in this chapter, unless the context requires a different meaning: “Licensee” means a person to whom a license has been issued under this chapter. “Nationwide Multistate Licensing System and Registry” or “Registry” means the nationwide multistate licensing system and registry created by the Conference of State Bank Supervisors and the American Association of […]
§ 6.2-2601. License requirement; exceptions
A. No person shall act as a qualified education loan servicer, directly or indirectly, whether or not the person has an office or any other physical presence in the Commonwealth, except in accordance with the provisions of this chapter and without having first obtained a license under this chapter from the Commission. B. Every qualified […]
§ 6.2-2602. Licensure of qualified education loan servicers; automatic issuance of license for federal student loan servicing contractors
A. A person seeking to act as a qualified education loan servicer is exempt from the application procedures described in subsections A and B of § 6.2-2603 upon determination by the Commissioner that the person (i) has an agreement with the U.S. Secretary of Education under 20 U.S.C. § 1078(b), solely to the extent of […]