2010 Code of Virginia
Title 55 - PROPERTY AND CONVEYANCES.
Chapter 27.3 - Real Estate Settlement Agents (55-525.16 thru 55-525.32)
55-525.21 - (Effective October 1, 2010) Persons prohibited from assisting or being employed by settlement agents.
§ 55-525.21. (Effective October 1, 2010) Persons prohibited from assisting or being employed by settlement agents.
A. A person who has been convicted of a felony involving fraud, deceit, or misrepresentation shall not assist a settlement agent in the performance of escrow, closing, or settlement services involving the receipt or disbursement of funds from real estate settlements in the Commonwealth.
B. A settlement agent shall not employ a person who has been convicted of a felony involving fraud, deceit, or misrepresentation in an administrative or clerical capacity that involves the receipt or disbursement of funds from real estate settlements in the Commonwealth.
(1997, c. 716, § 6.1-2.21; 1998, c. 69; 2000, c. 549; 2002, c. 464; 2007, c. 898; 2008, c. 92; 2010, c. 794.)
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