50-State Financial Services Licensing Compliance Guide
An overhead view of a laptop and calculator

Virginia Finance Licensing

Someone pointing to a stock chart displayed on a laptop

Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in Virginia.

Filter LicensesClear Filters
Company Licenses
(1)
(1)
(3)
(3)
(2)
Individual Licenses
(1)

Company Licenses

Virginia Financial Services Company Licenses

Virginia Collection Agency License

Not required



Debt Collection Agency licensure is not required on the State level in Virginia.

Virginia does not currently issue licenses for collection agencies.

Virginia Exempt Mortgage Company Registration

Agency:Virginia State Corporation Commission - Bureau of Financial Institutions
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 NMLS processing fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

While this is a perpetual license, it must be attested to annually by December 31 in NMLS.

Virginia Money Order Seller and Money Transmitter License

Agency:Virginia State Corporation Commission - Bureau of Financial Institutions
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1000 application fee + $15 credit report fee + $36.25 background check fee + $27 state background check fee + $0.25 fee per agent per year

Registration Renewal

Filing Method:

Online

Agency Fee:

$750

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Virginia Mortgage Broker License

Agency:Virginia State Corporation Commission - Bureau of Financial Institutions
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $500 application fee + $15 credit report fee + $36.25 background check fee + $27 state background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 12.
  • Licenses issued in November or December remain valid through the next renewal period.

Virginia Mortgage Company Branch License

Agency:Virginia State Corporation Commission - Bureau of Financial Institutions
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $150 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 12.
  • Licenses issued in November or December remain valid through the next renewal period.

Virginia Mortgage Lender License

Agency:Virginia State Corporation Commission - Bureau of Financial Institutions
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $500 application fee + $15 credit report fee + $36.25 background check fee + $27 state background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 12.
  • Licenses issued in November or December remain valid through the next renewal period.

Virginia Qualified Education Loan Servicer License

Agency:Virginia State Corporation Commission - Bureau of Financial Institutions
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$500 application fee + $15 credit report fee + $36.25 background check fee + $27 state background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Virginia Qualified Education Loan Servicer License - Federal Contractor

Agency:Virginia State Corporation Commission - Bureau of Financial Institutions
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$500 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Individual Licenses

Virginia Individual Financial Services Licenses

Virginia Mortgage Loan Originator License

Agency:Virginia State Corporation Commission - Bureau of Financial Institutions

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $150 application fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 12.
  • Licenses issued in November or December remain valid through the next renewal period.

Explore licensing in other states:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho
Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri
Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania
Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Revised April 19, 2024
Financial Services License Service Need help with your licensing? We help finance professionals manage their licenses and registrations. Learn More. View License Services