{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-102.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-102.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-102.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-102.html"}],"law_id":81788,"edition_id":1,"section_id":81788,"structure_id":13256,"section_number":"6.2-102","catch_line":"Use of funds collected under this title","history":"Code 1950, \u00a7 6-4; 1966, c. 584, \u00a7 6.1-2; 1974, c. 183; 1987, cc. 556, 558; 1988, c. 303; 1993, cc. 419, 432; 1994, c. 312; 2010, c. 794.","full_text":"A\n\nAll fees assessed under any provision of this title and paid into the state treasury shall be deposited to a special fund designated “Financial Institutions Special Fund — State Corporation Commission,” and out of such special fund and the unexpended balance thereof shall be appropriated the sums necessary for the regulation, supervision, and examination of all entities subject to regulation under this title. The Commission shall have the authority to maintain a reasonable margin in the nature of a reserve in the Financial Institutions Special Fund for the expenses of operating the Bureau.B\n\nIn order to provide additional funds for the operation of the Bureau, the Commission is authorized to increase the fees and assessments for the examination and supervision of banks, trust companies, savings institutions, industrial loan associations, credit unions, consumer finance licensees, mortgage lenders, and mortgage brokers by an amount not to exceed 50 percent of the fees and assessments provided for in §§ 6.2-908, 6.2-1033, 6.2-1202, 6.2-1310, 6.2-1414, 6.2-1532, and 6.2-1612.","order_by":null,"text":{"0":{"id":293058,"text":"All fees assessed under any provision of this title and paid into the state treasury shall be deposited to a special fund designated “Financial Institutions Special Fund — State Corporation Commission,” and out of such special fund and the unexpended balance thereof shall be appropriated the sums necessary for the regulation, supervision, and examination of all entities subject to regulation under this title. The Commission shall have the authority to maintain a reasonable margin in the nature of a reserve in the Financial Institutions Special Fund for the expenses of operating the Bureau.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":293059,"text":"In order to provide additional funds for the operation of the Bureau, the Commission is authorized to increase the fees and assessments for the examination and supervision of banks, trust companies, savings institutions, industrial loan associations, credit unions, consumer finance licensees, mortgage lenders, and mortgage brokers by an amount not to exceed 50 percent of the fees and assessments provided for in §§ 6.2-908, 6.2-1033, 6.2-1202, 6.2-1310, 6.2-1414, 6.2-1532, and 6.2-1612.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":13256,"edition_id":1,"name":"General Provisions","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":13255,"metadata":{},"date_created":"2026-06-26 03:44:31","date_modified":"2026-06-26 03:44:31","permalink":{"id":263261,"object_type":"structure","relational_id":13256,"identifier":"2","token":"6.2\/I\/1\/2","url":"\/6.2\/I\/1\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13255,"edition_id":1,"name":"Definitions and General Provisions","identifier":"1","label":"chapter","depth":3,"order_by":1,"parent_id":12853,"metadata":{},"date_created":"2026-06-26 03:44:31","date_modified":"2026-06-26 03:44:31","permalink":{"id":263253,"object_type":"structure","relational_id":13255,"identifier":"1","token":"6.2\/I\/1","url":"\/6.2\/I\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12853,"edition_id":1,"name":"General Provisions","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263251,"object_type":"structure","relational_id":12853,"identifier":"I","token":"6.2\/I","url":"\/6.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":71836,"structure_id":13256,"section_number":"6.2-101","catch_line":"Confidentiality of information","url":"\/6.2-101\/","token":"6.2\/I\/1\/2\/6.2-101","metadata":false},{"id":77769,"structure_id":13256,"section_number":"6.2-101.1","catch_line":"Certified mail; subsequent mail or notices may be sent by regular mail","url":"\/6.2-101.1\/","token":"6.2\/I\/1\/2\/6.2-101.1","metadata":false},{"id":81788,"structure_id":13256,"section_number":"6.2-102","catch_line":"Use of funds collected under this title","url":"\/6.2-102\/","token":"6.2\/I\/1\/2\/6.2-102","metadata":false},{"id":80728,"structure_id":13256,"section_number":"6.2-103","catch_line":"Financial institutions to furnish certain information to fiduciaries","url":"\/6.2-103\/","token":"6.2\/I\/1\/2\/6.2-103","metadata":false},{"id":74776,"structure_id":13256,"section_number":"6.2-103.1","catch_line":"Financial institutions to furnish certain information as part of adult protective services investigation","url":"\/6.2-103.1\/","token":"6.2\/I\/1\/2\/6.2-103.1","metadata":false},{"id":87476,"structure_id":13256,"section_number":"6.2-103.2","catch_line":"Reporting financial exploitation of elderly or vulnerable adults","url":"\/6.2-103.2\/","token":"6.2\/I\/1\/2\/6.2-103.2","metadata":false},{"id":55928,"structure_id":13256,"section_number":"6.2-104","catch_line":"Directors to serve only one institution","url":"\/6.2-104\/","token":"6.2\/I\/1\/2\/6.2-104","metadata":false},{"id":82192,"structure_id":13256,"section_number":"6.2-105","catch_line":"Reclassification or conversion of banking institution shares","url":"\/6.2-105\/","token":"6.2\/I\/1\/2\/6.2-105","metadata":false},{"id":59825,"structure_id":13256,"section_number":"6.2-106","catch_line":"Payment of civil penalties","url":"\/6.2-106\/","token":"6.2\/I\/1\/2\/6.2-106","metadata":false},{"id":54254,"structure_id":13256,"section_number":"6.2-107","catch_line":"Effect of contract provision requiring amendment or waiver to be in writing","url":"\/6.2-107\/","token":"6.2\/I\/1\/2\/6.2-107","metadata":false},{"id":81088,"structure_id":13256,"section_number":"6.2-107.1","catch_line":"Certain payments required electronically","url":"\/6.2-107.1\/","token":"6.2\/I\/1\/2\/6.2-107.1","metadata":false}],"previous_section":{"id":77769,"structure_id":13256,"section_number":"6.2-101.1","catch_line":"Certified mail; subsequent mail or notices may be sent by regular mail","url":"\/6.2-101.1\/","token":"6.2\/I\/1\/2\/6.2-101.1","metadata":false},"next_section":{"id":80728,"structure_id":13256,"section_number":"6.2-103","catch_line":"Financial institutions to furnish certain information to fiduciaries","url":"\/6.2-103\/","token":"6.2\/I\/1\/2\/6.2-103","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-102\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 7 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1966, chapter 584; in 1974, chapter 183; in 1987, chapters 556 and 558; in 1988, chapter 303; in 1993, chapters 419 and 432; in 1994, chapter 312<\/a>; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":[{"id":63765,"section_number":"6.2-1033","catch_line":"Fees","order_by":null,"url":"\/6.2-1033\/"},{"id":77126,"section_number":"6.2-1202","catch_line":"Fees for supervision and regulation; investigations","order_by":null,"url":"\/6.2-1202\/"},{"id":79662,"section_number":"6.2-1310","catch_line":"Fees for examination, supervision, and regulation","order_by":null,"url":"\/6.2-1310\/"},{"id":82795,"section_number":"6.2-1414","catch_line":"Annual fees","order_by":null,"url":"\/6.2-1414\/"},{"id":72194,"section_number":"6.2-1532","catch_line":"Fees for examination, supervision and regulation","order_by":null,"url":"\/6.2-1532\/"},{"id":82309,"section_number":"6.2-1612","catch_line":"Annual fees","order_by":null,"url":"\/6.2-1612\/"},{"id":62085,"section_number":"6.2-908","catch_line":"Fees for supervision and regulation and for certain examinations and investigations","order_by":null,"url":"\/6.2-908\/"}],"permalink":{"id":263271,"object_type":"law","relational_id":81788,"identifier":"6.2-102","token":"6.2\/I\/1\/2\/6.2-102","url":"\/6.2-102\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-102\/","token":"6.2\/I\/1\/2\/6.2-102","dublin_core":{"Title":"Use of funds collected under this title","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-102","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> All fees assessed under any provision of this title and paid into the state treasury shall be deposited to a special fund designated “Financial Institutions<\/span> Special Fund — State Corporation Commission<\/span>,” and out of such special fund and the unexpended balance thereof shall be appropriated the sums necessary for the regulation, supervision, and examination of all entities subject to regulation under this title. The Commission<\/span> shall have the authority to maintain a reasonable margin in the nature of a reserve in the Financial Institutions<\/span> Special Fund for the expenses of operating the Bureau<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> In order<\/span> to provide additional funds for the operation of the Bureau<\/span>, the Commission<\/span> is authorized to increase the fees and assessments for the examination and supervision of banks, trust companies, savings institutions, industrial loan associations, credit unions, consumer finance licensees, mortgage lenders, and mortgage brokers by an amount not to exceed 50 percent of the fees and assessments provided for in §§ 6.2-908<\/a>, 6.2-1033<\/a>, 6.2-1202<\/a>, 6.2-1310<\/a>, 6.2-1414<\/a>, 6.2-1532<\/a>, and 6.2-1612<\/a>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nUSE OF FUNDS COLLECTED UNDER THIS TITLE (\u00a7 6.2-102)\n\nA. All fees assessed under any provision of this title and paid into the state\ntreasury shall be deposited to a special fund designated “Financial\nInstitutions Special Fund — State Corporation Commission,” and out\nof such special fund and the unexpended balance thereof shall be appropriated\nthe sums necessary for the regulation, supervision, and examination of all\nentities subject to regulation under this title. The Commission shall have the\nauthority to maintain a reasonable margin in the nature of a reserve in the\nFinancial Institutions Special Fund for the expenses of operating the Bureau.\n\nB. In order to provide additional funds for the operation of the Bureau, the\nCommission is authorized to increase the fees and assessments for the\nexamination and supervision of banks, trust companies, savings institutions,\nindustrial loan associations, credit unions, consumer finance licensees,\nmortgage lenders, and mortgage brokers by an amount not to exceed 50 percent of\nthe fees and assessments provided for in §§ 6.2-908, 6.2-1033,\n6.2-1202, 6.2-1310, 6.2-1414, 6.2-1532, and 6.2-1612.\n\nHISTORY: Code 1950, \u00a7 6-4; 1966, c. 584, \u00a7 6.1-2; 1974, c. 183; 1987, cc. 556,\n558; 1988, c. 303; 1993, cc. 419, 432; 1994, c. 312; 2010, c. 794.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}