# Va. Code Ann. § 6.2-2206: Qualifications

> Virginia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2206

## Section

- **Citation:** Va. Code Ann. § 6.2-2206
- **Heading:** Qualifications
- **Jurisdiction:** Virginia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Virginia Code / Title 6.2 / Subtitle III / Chapter 22 / Section 6.2-2206

## Text

A. Upon the filing and investigation of an application for a license, and compliance by the applicant with the provisions of §§ 6.2-2203 and 6.2-2204 , the Commission shall issue and deliver to the applicant the license applied for to engage in business under this chapter at the locations specified in the application if it finds:

1. That the financial responsibility, character, reputation, experience, and general fitness of the applicant and its members, senior officers, directors, trustees, and principals are such as to warrant belief that the business will be operated efficiently and fairly, in the public interest, and in accordance with law; and

2. That the applicant has unencumbered liquid assets per location available for the operation of the business of at least $75,000.

B. If the Commission fails to make such findings, no license shall be issued and the Commissioner shall notify the applicant of the denial and the reasons for such denial.

2010, c. 477 , § 6.1-486.

## Nearby sections

- [Va. Code Ann. § 6.2-2200 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2200.md)
- [Va. Code Ann. § 6.2-2201 License required](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2201.md)
- [Va. Code Ann. § 6.2-2202 Scope of chapter](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2202.md)
- [Va. Code Ann. § 6.2-2203 Application for license; form; content; fee](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2203.md)
- [Va. Code Ann. § 6.2-2204 Bond required](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2204.md)
- [Va. Code Ann. § 6.2-2205 Investigation of applications](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2205.md)
- [Va. Code Ann. § 6.2-2206 Qualifications](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2206.md)
- [Va. Code Ann. § 6.2-2207 Licenses; places of business; changes](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2207.md)
- [Va. Code Ann. § 6.2-2208 Acquisition of control; application](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2208.md)
- [Va. Code Ann. § 6.2-2209 Retention of books, accounts, and records](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2209.md)
- [Va. Code Ann. § 6.2-2210 Annual report](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2210.md)
- [Va. Code Ann. § 6.2-2211 Other reporting requirements](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2211.md)
- [Va. Code Ann. § 6.2-2212 Investigations; examinations](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2212.md)
- [Va. Code Ann. § 6.2-2213 Annual fees](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2213.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SIII_C22_S6.2-2206. Check the current official text before relying on it. Not legal advice.