{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1202.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1202.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1202.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1202.html"}],"law_id":77126,"edition_id":1,"section_id":77126,"structure_id":13751,"section_number":"6.2-1202","catch_line":"Fees for supervision and regulation; investigations","history":"Code 1950, \u00a7 6-201.55; 1960, c. 402; 1966, c. 584, \u00a7 6.1-185; 1972, c. 796, \u00a7 6.1-195.65; 1974, c. 181; 1976, c. 658; 1982, c. 455; 1984, c. 344; 1985, c. 425, \u00a7 6.1-194.85; 1986, c. 122; 1987, c. 172; 1988, c. 5; 1991, c. 230, \u00a7 6.1-194.149; 1992, c. 283; 1994, c. 331; 1998, c. 19; 2010, c. 794.","full_text":"A\n\nFor the purpose of defraying the expenses of supervision and regulation of state savings institutions and foreign savings institutions doing business in the Commonwealth, the Commission shall, on or before July 1 of each year, assess against every such savings institution fees in accordance with a schedule to be set by the Commission. Such schedule shall bear a reasonable relationship to the total assets of various individual savings institutions and to the costs of their respective supervision, regulation, and examination.B\n\nAll fees so assessed shall be paid into the state treasury on or before July 31 following. The Commission shall mail the assessments to each association on or before July 1 of each year.C\n\nThe Commission shall charge a fee:1\n\nOf $1,800 for investigating an application for authority to establish a branch, if the branch is to be located within the Commonwealth;2\n\nAs prescribed by the Commission for investigating an application for authority to establish a branch if the branch is to be located outside the Commonwealth;3\n\nOf $1,000 for investigating an application for authority to change the location of an existing main office or branch office;4\n\nOf $10,000 for investigating an application for a certificate of authority in the case of a state association;5\n\nAs prescribed by the Commission for investigating an application for a certificate of authority in the case of a foreign savings institution;6\n\nOf $7,500 for investigating an application for merger or consolidation;7\n\nOf $2,000 for investigating an application for authority to exercise trust powers if such powers are to be exercised through a trust department;8\n\nOf $10,000 for investigating an application for authority to exercise trust powers if such powers are to be exercised through a trust affiliate or subsidiary;9\n\nOf $5,000 for investigating an application to convert from a state association to a state savings bank pursuant to subsection B of § 6.2-1143 or from a state bank to a state savings bank pursuant to § 6.2-829; and10\n\nOf $10,000 for investigating an application for a conversion other than a conversion from a state association or state bank to a state savings bank as provided in subdivision 9.D\n\nThe Commission shall not be entitled to any fees other than as provided in subdivision C 6 for investigating any application to retain existing branches of the applying savings institution as branches of the merged or consolidated institutions. The fee prescribed in subdivision C 6 may be waived by the Commission in the case of supervisory mergers or consolidations made pursuant to § 6.2-1205.E\n\nNotwithstanding the designation of the several fees set forth in subsection C, the Commission may reduce by regulation or order any such fee or fees, if the Commission concludes that there is a reasonable basis for doing so and that the reduction of the fee will not be detrimental to the effectiveness of the Bureau.","order_by":null,"text":{"0":{"id":276683,"text":"For the purpose of defraying the expenses of supervision and regulation of state savings institutions and foreign savings institutions doing business in the Commonwealth, the Commission shall, on or before July 1 of each year, assess against every such savings institution fees in accordance with a schedule to be set by the Commission. Such schedule shall bear a reasonable relationship to the total assets of various individual savings institutions and to the costs of their respective supervision, regulation, and examination.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":276684,"text":"All fees so assessed shall be paid into the state treasury on or before July 31 following. The Commission shall mail the assessments to each association on or before July 1 of each year.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":276685,"text":"The Commission shall charge a fee:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"C1"},"3":{"id":276686,"text":"Of $1,800 for investigating an application for authority to establish a branch, if the branch is to be located within the Commonwealth;","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"4":{"id":276687,"text":"As prescribed by the Commission for investigating an application for authority to establish a branch if the branch is to be located outside the Commonwealth;","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1","next_prefix":"C3"},"5":{"id":276688,"text":"Of $1,000 for investigating an application for authority to change the location of an existing main office or branch office;","type":"section","prefixes":["C","3"],"prefix":"3","entire_prefix":"C3","prefix_anchor":"C3","level":2,"prior_prefix":"C2","next_prefix":"C4"},"6":{"id":276689,"text":"Of $10,000 for investigating an application for a certificate of authority in the case of a state association;","type":"section","prefixes":["C","4"],"prefix":"4","entire_prefix":"C4","prefix_anchor":"C4","level":2,"prior_prefix":"C3","next_prefix":"C5"},"7":{"id":276690,"text":"As prescribed by the Commission for investigating an application for a certificate of authority in the case of a foreign savings institution;","type":"section","prefixes":["C","5"],"prefix":"5","entire_prefix":"C5","prefix_anchor":"C5","level":2,"prior_prefix":"C4","next_prefix":"C6"},"8":{"id":276691,"text":"Of $7,500 for investigating an application for merger or consolidation;","type":"section","prefixes":["C","6"],"prefix":"6","entire_prefix":"C6","prefix_anchor":"C6","level":2,"prior_prefix":"C5","next_prefix":"C7"},"9":{"id":276692,"text":"Of $2,000 for investigating an application for authority to exercise trust powers if such powers are to be exercised through a trust department;","type":"section","prefixes":["C","7"],"prefix":"7","entire_prefix":"C7","prefix_anchor":"C7","level":2,"prior_prefix":"C6","next_prefix":"C8"},"10":{"id":276693,"text":"Of $10,000 for investigating an application for authority to exercise trust powers if such powers are to be exercised through a trust affiliate or subsidiary;","type":"section","prefixes":["C","8"],"prefix":"8","entire_prefix":"C8","prefix_anchor":"C8","level":2,"prior_prefix":"C7","next_prefix":"C9"},"11":{"id":276694,"text":"Of $5,000 for investigating an application to convert from a state association to a state savings bank pursuant to subsection B of § 6.2-1143 or from a state bank to a state savings bank pursuant to § 6.2-829; and","type":"section","prefixes":["C","9"],"prefix":"9","entire_prefix":"C9","prefix_anchor":"C9","level":2,"prior_prefix":"C8","next_prefix":"C10"},"12":{"id":276695,"text":"Of $10,000 for investigating an application for a conversion other than a conversion from a state association or state bank to a state savings bank as provided in subdivision 9.","type":"section","prefixes":["C","10"],"prefix":"10","entire_prefix":"C10","prefix_anchor":"C10","level":2,"prior_prefix":"C9","next_prefix":"D"},"13":{"id":276696,"text":"The Commission shall not be entitled to any fees other than as provided in subdivision C 6 for investigating any application to retain existing branches of the applying savings institution as branches of the merged or consolidated institutions. The fee prescribed in subdivision C 6 may be waived by the Commission in the case of supervisory mergers or consolidations made pursuant to § 6.2-1205.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C10","next_prefix":"E"},"14":{"id":276697,"text":"Notwithstanding the designation of the several fees set forth in subsection C, the Commission may reduce by regulation or order any such fee or fees, if the Commission concludes that there is a reasonable basis for doing so and that the reduction of the fee will not be detrimental to the effectiveness of the Bureau.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":13751,"edition_id":1,"name":"Supervision","identifier":"9","label":"article","depth":4,"order_by":1,"parent_id":13490,"metadata":{},"date_created":"2026-06-26 03:45:46","date_modified":"2026-06-26 03:45:46","permalink":{"id":264483,"object_type":"structure","relational_id":13751,"identifier":"9","token":"6.2\/II\/11\/9","url":"\/6.2\/II\/11\/9\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13490,"edition_id":1,"name":"Savings Institutions","identifier":"11","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:01","date_modified":"2026-06-26 03:45:01","permalink":{"id":264101,"object_type":"structure","relational_id":13490,"identifier":"11","token":"6.2\/II\/11","url":"\/6.2\/II\/11\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13000,"edition_id":1,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":263685,"object_type":"structure","relational_id":13000,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","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":57271,"structure_id":13751,"section_number":"6.2-1191","catch_line":"General supervisory powers of Commission","url":"\/6.2-1191\/","token":"6.2\/II\/11\/9\/6.2-1191","metadata":false},{"id":58058,"structure_id":13751,"section_number":"6.2-1192","catch_line":"Regulations","url":"\/6.2-1192\/","token":"6.2\/II\/11\/9\/6.2-1192","metadata":false},{"id":54754,"structure_id":13751,"section_number":"6.2-1193","catch_line":"Statements to be furnished by Commission to directors of savings institutions","url":"\/6.2-1193\/","token":"6.2\/II\/11\/9\/6.2-1193","metadata":false},{"id":76799,"structure_id":13751,"section_number":"6.2-1194","catch_line":"State savings institutions to furnish financial statements and reports","url":"\/6.2-1194\/","token":"6.2\/II\/11\/9\/6.2-1194","metadata":false},{"id":82129,"structure_id":13751,"section_number":"6.2-1195","catch_line":"Examination of state savings institutions and affiliates by Commissioner; report of examination","url":"\/6.2-1195\/","token":"6.2\/II\/11\/9\/6.2-1195","metadata":false},{"id":54871,"structure_id":13751,"section_number":"6.2-1196","catch_line":"Access to books and evidence of debt; examination of directors, officers, and employees under oath","url":"\/6.2-1196\/","token":"6.2\/II\/11\/9\/6.2-1196","metadata":false},{"id":69518,"structure_id":13751,"section_number":"6.2-1197","catch_line":"False statements; penalty","url":"\/6.2-1197\/","token":"6.2\/II\/11\/9\/6.2-1197","metadata":false},{"id":62949,"structure_id":13751,"section_number":"6.2-1198","catch_line":"Audits","url":"\/6.2-1198\/","token":"6.2\/II\/11\/9\/6.2-1198","metadata":false},{"id":60843,"structure_id":13751,"section_number":"6.2-1199","catch_line":"Powers of Commission in case of nonobservance of law, noncompliance with orders, insufficient reserves or insolvency; appointment of Federal Deposit Insurance Corporation as receiver","url":"\/6.2-1199\/","token":"6.2\/II\/11\/9\/6.2-1199","metadata":false},{"id":85960,"structure_id":13751,"section_number":"6.2-1200","catch_line":"Removal of director or officer; appeal; penalty for acting after removal","url":"\/6.2-1200\/","token":"6.2\/II\/11\/9\/6.2-1200","metadata":false},{"id":68119,"structure_id":13751,"section_number":"6.2-1201","catch_line":"Special examinations","url":"\/6.2-1201\/","token":"6.2\/II\/11\/9\/6.2-1201","metadata":false},{"id":77126,"structure_id":13751,"section_number":"6.2-1202","catch_line":"Fees for supervision and regulation; investigations","url":"\/6.2-1202\/","token":"6.2\/II\/11\/9\/6.2-1202","metadata":false},{"id":74032,"structure_id":13751,"section_number":"6.2-1203","catch_line":"Examination of persons believed to be doing business without authority; doing business without authority; penalty","url":"\/6.2-1203\/","token":"6.2\/II\/11\/9\/6.2-1203","metadata":false},{"id":64847,"structure_id":13751,"section_number":"6.2-1204","catch_line":"Compliance by savings institution holding companies with federal regulations constitutes compliance with Commission regulations","url":"\/6.2-1204\/","token":"6.2\/II\/11\/9\/6.2-1204","metadata":false},{"id":61378,"structure_id":13751,"section_number":"6.2-1205","catch_line":"Merger, consolidation or transfer of assets of insolvent or financially unstable savings institution; notice and hearing; final order; priorities; examinations of resulting institutions","url":"\/6.2-1205\/","token":"6.2\/II\/11\/9\/6.2-1205","metadata":false}],"previous_section":{"id":68119,"structure_id":13751,"section_number":"6.2-1201","catch_line":"Special examinations","url":"\/6.2-1201\/","token":"6.2\/II\/11\/9\/6.2-1201","metadata":false},"next_section":{"id":74032,"structure_id":13751,"section_number":"6.2-1203","catch_line":"Examination of persons believed to be doing business without authority; doing business without authority; penalty","url":"\/6.2-1203\/","token":"6.2\/II\/11\/9\/6.2-1203","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1202\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 16 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 1960, chapter 402; in 1966, chapter 584; in 1972, chapter 796; in 1974, chapter 181; in 1976, chapter 658; in 1982, chapter 455; in 1984, chapter 344; in 1985, chapter 425; in 1986, chapter 122; in 1987, chapter 172; in 1988, chapter 5; in 1991, chapter 230; in 1992, chapter 283; in 1994, chapter 331<\/a>; in 1998, chapter 19<\/a>; in 2010, chapter 794<\/a>.<\/p>","references":[{"id":81788,"section_number":"6.2-102","catch_line":"Use of funds collected under this title","order_by":null,"url":"\/6.2-102\/"},{"id":79438,"section_number":"6.2-1347.1","catch_line":"Conversion to a state mutual savings institution","order_by":null,"url":"\/6.2-1347.1\/"}],"refers_to":[{"id":61360,"section_number":"6.2-1143","catch_line":"Conversion from state savings bank to state association; conversion from state association to state savings bank","order_by":null,"url":"\/6.2-1143\/"},{"id":67840,"section_number":"6.2-829","catch_line":"Conversion from state savings bank to state bank; conversion from state bank to state savings bank","order_by":null,"url":"\/6.2-829\/"}],"permalink":{"id":264529,"object_type":"law","relational_id":77126,"identifier":"6.2-1202","token":"6.2\/II\/11\/9\/6.2-1202","url":"\/6.2-1202\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1202\/","token":"6.2\/II\/11\/9\/6.2-1202","dublin_core":{"Title":"Fees for supervision and regulation; investigations","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1202","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> For the purpose of defraying the expenses of supervision and regulation of state savings institutions<\/span> and foreign savings institutions<\/span> doing business in the Commonwealth, the Commission<\/span> shall, on or before July 1 of each year, assess against every such savings institution<\/span> fees in accordance with a schedule to be set by the Commission<\/span>. Such schedule shall bear a reasonable relationship to the total assets<\/span> of various individual savings institutions and to the costs of their respective supervision, regulation, and examination. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> All fees so assessed shall be paid into the state treasury on or before July 31 following. The Commission<\/span> shall mail the assessments to each association<\/span> on or before July 1 of each year. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The Commission<\/span> shall charge a fee: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Of $1,800 for investigating an application for authority to establish a branch, if the branch is to be located within the Commonwealth; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> As prescribed by the Commission<\/span> for investigating an application for authority to establish a branch if the branch is to be located outside the Commonwealth; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Of $1,000 for investigating an application for authority to change the location of an existing main office<\/span> or branch office<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Of $10,000 for investigating an application for a certificate of authority in the case of a state association<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> As prescribed by the Commission<\/span> for investigating an application for a certificate of authority in the case of a foreign savings institution<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Of $7,500 for investigating an application for merger or consolidation<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> Of $2,000 for investigating an application for authority to exercise trust powers if such powers are to be exercised through a trust department; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> Of $10,000 for investigating an application for authority to exercise trust powers if such powers are to be exercised through a trust affiliate or subsidiary; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> Of $5,000 for investigating an application to convert from a state association<\/span> to a state savings bank<\/span> pursuant to subsection B of § 6.2-1143<\/a> or from a state bank<\/span> to a state savings bank<\/span> pursuant to § 6.2-829<\/a>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

10.<\/span> Of $10,000 for investigating an application for a conversion other than a conversion from a state association<\/span> or state bank<\/span> to a state savings bank<\/span> as provided in subdivision 9. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The Commission<\/span> shall not be entitled to any fees other than as provided in subdivision C 6 for investigating any application to retain existing branches of the applying savings institution as branches of the merged or consolidated institutions. The fee prescribed in subdivision C 6 may be waived by the Commission<\/span> in the case of supervisory mergers or consolidations<\/span> made pursuant to § 6.2-1205<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> Notwithstanding the designation of the several fees set forth in subsection C, the Commission<\/span> may reduce by regulation or order<\/span> any such fee or fees, if the Commission<\/span> concludes that there is a reasonable basis for doing so and that the reduction of the fee will not be detrimental to the effectiveness of the Bureau<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFEES FOR SUPERVISION AND REGULATION; INVESTIGATIONS (\u00a7 6.2-1202)\n\nA. For the purpose of defraying the expenses of supervision and regulation of\nstate savings institutions and foreign savings institutions doing business in\nthe Commonwealth, the Commission shall, on or before July 1 of each year, assess\nagainst every such savings institution fees in accordance with a schedule to be\nset by the Commission. Such schedule shall bear a reasonable relationship to the\ntotal assets of various individual savings institutions and to the costs of\ntheir respective supervision, regulation, and examination.\n\nB. All fees so assessed shall be paid into the state treasury on or before July\n31 following. The Commission shall mail the assessments to each association on\nor before July 1 of each year.\n\nC. The Commission shall charge a fee:\n\n 1. Of $1,800 for investigating an application for authority to establish a\n branch, if the branch is to be located within the Commonwealth;\n\n 2. As prescribed by the Commission for investigating an application for\n authority to establish a branch if the branch is to be located outside the\n Commonwealth;\n\n 3. Of $1,000 for investigating an application for authority to change the\n location of an existing main office or branch office;\n\n 4. Of $10,000 for investigating an application for a certificate of authority\n in the case of a state association;\n\n 5. As prescribed by the Commission for investigating an application for a\n certificate of authority in the case of a foreign savings institution;\n\n 6. Of $7,500 for investigating an application for merger or consolidation;\n\n 7. Of $2,000 for investigating an application for authority to exercise trust\n powers if such powers are to be exercised through a trust department;\n\n 8. Of $10,000 for investigating an application for authority to exercise trust\n powers if such powers are to be exercised through a trust affiliate or\n subsidiary;\n\n 9. Of $5,000 for investigating an application to convert from a state\n association to a state savings bank pursuant to subsection B of §\n 6.2-1143 or from a state bank to a state savings bank pursuant to §\n 6.2-829; and\n\n 10. Of $10,000 for investigating an application for a conversion other than a\n conversion from a state association or state bank to a state savings bank as\n provided in subdivision 9.\n\nD. The Commission shall not be entitled to any fees other than as provided in\nsubdivision C 6 for investigating any application to retain existing branches of\nthe applying savings institution as branches of the merged or consolidated\ninstitutions. The fee prescribed in subdivision C 6 may be waived by the\nCommission in the case of supervisory mergers or consolidations made pursuant to\n§ 6.2-1205.\n\nE. Notwithstanding the designation of the several fees set forth in subsection\nC, the Commission may reduce by regulation or order any such fee or fees, if the\nCommission concludes that there is a reasonable basis for doing so and that the\nreduction of the fee will not be detrimental to the effectiveness of the Bureau.\n\nHISTORY: Code 1950, \u00a7 6-201.55; 1960, c. 402; 1966, c. 584, \u00a7 6.1-185; 1972,\nc. 796, \u00a7 6.1-195.65; 1974, c. 181; 1976, c. 658; 1982, c. 455; 1984, c. 344;\n1985, c. 425, \u00a7 6.1-194.85; 1986, c. 122; 1987, c. 172; 1988, c. 5; 1991, c.\n230, \u00a7 6.1-194.149; 1992, c. 283; 1994, c. 331; 1998, c. 19; 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}}