A Virginia court finds in 2026 that a person willfully used deception in originating residential loans. What maximum civil penalty per violation may the Attorney General seek for willful deception?
Correct Answer
C) The Attorney General may seek up to $2,500 per violation
Where the court finds a person willfully engaged in a violation of the section, the Attorney General may recover, on petition to the court, a civil penalty of not more than $2,500 per violation. Other choices: the penalty sits alongside the injunction; $500 is not the figure; and the section applies whether or not the person is licensed. Source: Va. Code § 6.2-1629(D)
Why This Is the Correct Answer
Where the court finds a person willfully engaged in a violation of the section, the Attorney General may recover, on petition to the court, a civil penalty of not more than $2,500 per violation. Other choices: the penalty sits alongside the injunction; $500 is not the figure; and the section applies whether or not the person is licensed. Source: Va. Code § 6.2-1629(D)
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