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Mortgage Loan Originators

By on April 2, 2013

The State Corporation Commission has recently amended its regulations governing Mortgage Loan Originators.  Among other things, the amendments affect the criteria used by the Commission in determining whether an applicant has the financial responsibility, character and general fitness required for a license.  The new regulations also establish time periods within which licensees must respond when […]

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ABA Survey of Virginia State Law of Guaranties

By on March 20, 2013

As seen in: the ABA Business Law Section Introductory Note: In order to standardize our discussion of the law of guaranties, we use the following vocabulary to refer to the various parties to a guaranty and their obligations. “Guarantor” means a person who, by contract, agrees to satisfy an underlying obligation of the primary obligor to […]

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