14 Va. Admin. Code § 5-395-30

Current through Register Vol. 40, No. 22, June 17, 2024

Section 14VAC5-395-30 - Registration

A. Every settlement agent shall register with the bureau in accordance with the provisions of § 55.1-1014 of the Code of Virginia.

B. At the time of application for registration, a settlement agent other than a title insurance company shall provide to the bureau (i) its certificate of authorization or charter of a domestic limited liability company or corporation, or certificate of registration or certificate of authority of a foreign limited liability company or corporation, as applicable; (ii) an original surety bond; and (iii) the name of the designated licensed producer.

C. Within 30 days of registration a settlement agent shall furnish to the bureau:

1. Legal name;

2. Any fictitious or assumed names;

3. Principal place of business address;

4. Addresses of all other business locations;

5. Telephone numbers;

6. Escrow account numbers and financial institution addresses;

7. Employee and independent contractor list;

8. Website;

9. Affiliated entities; and

10. Such other information as the bureau may require.

14 Va. Admin. Code § 5-395-30

Derived from Virginia Register Volume 13, Issue 25, eff. September 15, 1997; amended, Virginia Register Volume 14, Issue 26, eff. August 20, 1998; Volume 18, Issue 21, eff. June 3, 2002; Volume 26, Issue 11, eff. January 25, 2010; Volume 27, Issue 4, eff. October 25, 2010; Amended, Virginia Register Volume 32, Issue 22, eff. 7/1/2016; Amended, Virginia Register Volume 36, Issue 04, eff. 10/14/2019.

Statutory Authority: §§ 12.1-13 and 55.1-1012 of the Code of Virginia.