10 Va. Admin. Code § 5-220-30
Current through Register Vol. 41, No. 6, November 4, 2024
Section 10VAC5-220-30 - Procedure for documenting eligibility through the Registry for automatic issuance of a licenseA. Pursuant to subsection A of § 6.2-2602 of the Code of Virginia, a person shall be exempt from the application procedures described in subsections A and B of § 6.2-2603 of the Code of Virginia upon determination by the commissioner that the person (i) has an agreement with the U.S. Secretary of Education under 20 USC § 1078(b), solely to the extent of the person's actions as a guarantor that engages in averting defaults or (ii) is a party to a contract awarded by the U.S. Secretary of Education under 20 USC § 1087f.B. In order to document eligibility for this exemption, a person shall:1. Complete and submit the Registry's company filing form for the person through the Registry. Such filing shall be accompanied by the fee required by subsection C of § 6.2-2603 of the Code of Virginia and the surety bond required by § 6.2-2604 of the Code of Virginia;2. Upload a copy of the agreement or contract described in subsection A of this section through the Registry; and3. Provide any additional information through the Registry that the commissioner deems necessary to determine a person's eligibility for the exemption.10 Va. Admin. Code § 5-220-30
Derived from Virginia Register Volume 38, Issue 04, eff. 10/1/2021.Statutory Authority: §§ 6.2-2622 and 12.1-13 of the Code of Virginia.