No. Although I would dissuade you from taking AP Bio and AP Chem concurrently. Just from a stress level, it would be better to split them up.
Depends on the college. An in-state public may give credit. A private college will generally not give credit. But some colleges, e.g. Penn, MIT, have internal challenge exams for credit. Other colleges eg. Princeton, Harvard, offer an advanced version of MVC for students with prior experience.