AMENDMENT PROPOSED BY THE HOUSE COMMITTEE ON GENERAL LAWS

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D. Nothing in this chapter shall be construed to prevent a person licensed under Chapter 21 (§ 54.1-2100 et seq.) of Title 54.1, or such licensee's employees or independent contractors, from performing escrow, closing or settlement services, as defined by this chapter, to facilitate the settlement of a transaction in which the licensee is involved without complying with this chapter, so long as the licensee, the licensee's employees or independent contractors are not named as the settlement agent on the settlement statement and the licensee is otherwise not prohibited from performing such services by law or regulation.