“Domestic real estate loan” form one mortgage priily, or family play with that’s shielded from the home financing, action away from faith, or other comparable consensual shelter appeal to your a dwelling otherwise home-based a property where try constructed or meant to be built a home.
“Novel identifier” function a number or other identifier assigned of the standards depending of the the fresh Registry that permanently refers to a mortgage loan originator.
2009, cc. 273, 453, six.1-431.1; 2010, c. 794; 2011, cc. 301, 435; 2012, cc. 52, 187; 2013, cc. 20, 380; 2014, cc. 295, 343; 2019, c. 740.
A beneficial. But because otherwise given in 6.2-1701.step three, no individual should take part in the company from a mortgage loan maker unless of course such as for example private features very first acquired and you can keeps a year an excellent licenses around this section.
step 3. Any person just who just performs a residential property brokerage situations and is authorized otherwise entered relative to relevant law, except if anyone is actually compensated personally otherwise ultimately by the bank, a mortgage broker, or other home mortgage creator or because of the any broker of such bank, large financial company, or other home mortgage originator;