1. A. Every settlement agent shall register with the bureau in accordance with the provisions of § 55.1-1014 of the Code of Virginia.
2. 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.

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

   1. 1. Legal name;
   2. 2. Any fictitious or assumed names;
   3. 3. Principal place of business address;
   4. 4. Addresses of all other business locations;
   5. 5. Telephone numbers;
   6. 6. Escrow account numbers and financial institution addresses;
   7. 7. Employee and independent contractor list;
   8. 8. Website;
   9. 9. Affiliated entities; and
   10. 10. Such other information as the bureau may require.

Statutory Authority

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

Historical Notes

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; Volume 32, Issue 22, eff. July 1, 2016; Volume 36, Issue 4, eff. October 14, 2019.