Va. Code Ann. tit. 6.2, ch. 19.1 – Money Transmitters | Midpage

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Code of Virginia

Chapter 19.1

Va. Code Ann. tit. 6.2, ch. 19.1

Money Transmitters

6.2-1922Definitions 6.2-1923Exemptions 6.2-1924Implementation 6.2-1925Regulations 6.2-1926Supervision 6.2-1927Networked supervision 6.2-1928Relationship to federal law 6.2-1929License required 6.2-1930Consistent state licensing 6.2-1931Application for license 6.2-1932Information required for certain individuals 6.2-1933Issuance of license 6.2-1934License renewal 6.2-1935Maintenance of license 6.2-1936Acquisition of control 6.2-1937Change of key individual; notice and required information 6.2-1938Report of condition 6.2-1939Audited financials 6.2-1940Authorized delegate reporting 6.2-1941Reports of certain events 6.2-1942Reports required by federal law 6.2-1943Records 6.2-1944Relationship between licensee and authorized delegate; prohibited activities 6.2-1945Timely transmission 6.2-1946Refunds 6.2-1947Receipts 6.2-1948Notice 6.2-1949Payroll processing services 6.2-1950Net worth 6.2-1951Surety bond 6.2-1952Maintenance of permissible investments 6.2-1953Permissible investments 6.2-1954Suspension or revocation of license 6.2-1955Civil penalties 6.2-1956Cease and desist orders 6.2-1957Criminal penalty