A Virginia person makes mortgage loans in 2026 in a fiduciary capacity conferred by a court order. Does acting in this court-conferred fiduciary capacity qualify for the exemption?
Correct Answer
B) Exempt: a fiduciary capacity conferred by authority of any court
Persons acting in a fiduciary capacity conferred by authority of any court are exempt from the licensing and other provisions of the chapter. Other choices: the exemption is listed; no recital in the order is required; and the statute says any court. Source: Va. Code § 6.2-1602(9)
Why This Is the Correct Answer
Persons acting in a fiduciary capacity conferred by authority of any court are exempt from the licensing and other provisions of the chapter. Other choices: the exemption is listed; no recital in the order is required; and the statute says any court. Source: Va. Code § 6.2-1602(9)
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