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2018 Code of Virginia
Title 55 - Property and Conveyances
Chapter 27.3 - Real Estate Settlement Agents
§ 55-525.21. Persons prohibited from assisting or being employed by settlement agents
Universal Citation: VA Code § 55-525.21 (2018)
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, ยง 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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