{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1907.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1907.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1907.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1907.html"}],"law_id":67493,"edition_id":1,"section_id":67493,"structure_id":13061,"section_number":"6.2-1907","catch_line":"(Repealed effective July 1, 2026) License revocation.","history":"1974, c. 578, \u00a7 6.1-374; 1990, c. 259; 1994, c. 889; 2001, c. 372; 2009, c. 346; 2010, c. 794; 2014, c. 454; 2025, c. 214.","full_text":"A\n\nThe Commission may revoke a license issued under this chapter:1\n\nIf it reasonably determines that (i) a licensee is engaging in one or more unsafe or unsound practices, (ii) a licensee may be unable to perform its obligations, or (iii) a licensee has willfully failed without reasonable cause to pay or provide for the payment of any of its obligations; or2\n\nUpon any of the following grounds:\n\t\t\t\ta. Any ground for denial of a license under this chapter;\n\t\t\t\tb. Any violation of the provisions of this chapter or regulations adopted by the Commission pursuant thereto, or a violation of any other law or regulation applicable to the conduct of the licensee’s business;\n\t\t\t\tc. Conviction of a felony or misdemeanor involving fraud, misrepresentation, or deceit;\n\t\t\t\td. Entry of a judgment against such licensee involving fraud, misrepresentation, or deceit;\n\t\t\t\te. Entry of a federal or state administrative order against such licensee for violation of any law or any regulation applicable to the conduct of his business;\n\t\t\t\tf. Refusal to permit an investigation or examination by the Commission;\n\t\t\t\tg. Failure to pay any fee or assessment imposed by this chapter; or\n\t\t\t\th. Failure to comply with any order of the Commission.B\n\nFor the purposes of this section, acts of any officer, director, member, partner, or principal shall be deemed acts of the licensee.","order_by":null,"text":{"0":{"id":244555,"text":"The Commission may revoke a license issued under this chapter:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":244556,"text":"If it reasonably determines that (i) a licensee is engaging in one or more unsafe or unsound practices, (ii) a licensee may be unable to perform its obligations, or (iii) a licensee has willfully failed without reasonable cause to pay or provide for the payment of any of its obligations; or","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":244557,"text":"Upon any of the following grounds:\n\t\t\t\ta. Any ground for denial of a license under this chapter;\n\t\t\t\tb. Any violation of the provisions of this chapter or regulations adopted by the Commission pursuant thereto, or a violation of any other law or regulation applicable to the conduct of the licensee’s business;\n\t\t\t\tc. Conviction of a felony or misdemeanor involving fraud, misrepresentation, or deceit;\n\t\t\t\td. Entry of a judgment against such licensee involving fraud, misrepresentation, or deceit;\n\t\t\t\te. Entry of a federal or state administrative order against such licensee for violation of any law or any regulation applicable to the conduct of his business;\n\t\t\t\tf. Refusal to permit an investigation or examination by the Commission;\n\t\t\t\tg. Failure to pay any fee or assessment imposed by this chapter; or\n\t\t\t\th. Failure to comply with any order of the Commission.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"B"},"3":{"id":244558,"text":"For the purposes of this section, acts of any officer, director, member, partner, or principal shall be deemed acts of the licensee.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2"}},"ancestry":[{"id":13061,"edition_id":1,"name":"Money Order Sellers and Money Transmitters","identifier":"19","label":"chapter","depth":3,"order_by":1,"parent_id":13060,"metadata":{},"date_created":"2026-06-26 03:44:12","date_modified":"2026-06-26 03:44:12","permalink":{"id":266381,"object_type":"structure","relational_id":13061,"identifier":"19","token":"6.2\/III\/19","url":"\/6.2\/III\/19\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13060,"edition_id":1,"name":"Other Regulated Providers of Financial Services","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:12","date_modified":"2026-06-26 03:44:12","permalink":{"id":265721,"object_type":"structure","relational_id":13060,"identifier":"III","token":"6.2\/III","url":"\/6.2\/III\/","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":61238,"structure_id":13061,"section_number":"6.2-1900","catch_line":"(Repealed effective July 1, 2026) Definitions.","url":"\/6.2-1900\/","token":"6.2\/III\/19\/6.2-1900","metadata":false},{"id":54114,"structure_id":13061,"section_number":"6.2-1901","catch_line":"(Repealed effective July 1, 2026) License required; exception.","url":"\/6.2-1901\/","token":"6.2\/III\/19\/6.2-1901","metadata":false},{"id":67579,"structure_id":13061,"section_number":"6.2-1902","catch_line":"(Repealed effective July 1, 2026) Scope and construction of chapter.","url":"\/6.2-1902\/","token":"6.2\/III\/19\/6.2-1902","metadata":false},{"id":54293,"structure_id":13061,"section_number":"6.2-1903","catch_line":"(Repealed effective July 1, 2026) Application for license; financial statements; application fee.","url":"\/6.2-1903\/","token":"6.2\/III\/19\/6.2-1903","metadata":false},{"id":63920,"structure_id":13061,"section_number":"6.2-1904","catch_line":"(Repealed effective July 1, 2026) Bond required","url":"\/6.2-1904\/","token":"6.2\/III\/19\/6.2-1904","metadata":false},{"id":55062,"structure_id":13061,"section_number":"6.2-1904.1","catch_line":"(Repealed effective July 1, 2026) Investigation of applications.","url":"\/6.2-1904.1\/","token":"6.2\/III\/19\/6.2-1904.1","metadata":false},{"id":74185,"structure_id":13061,"section_number":"6.2-1905","catch_line":"(Repealed effective July 1, 2026) Annual fees; expenses; annual reports; renewal.","url":"\/6.2-1905\/","token":"6.2\/III\/19\/6.2-1905","metadata":false},{"id":55250,"structure_id":13061,"section_number":"6.2-1906","catch_line":"(Repealed effective July 1, 2026) Conditions prerequisite to issuance of license; net worth requirement.","url":"\/6.2-1906\/","token":"6.2\/III\/19\/6.2-1906","metadata":false},{"id":79791,"structure_id":13061,"section_number":"6.2-1906.1","catch_line":"(Repealed effective July 1, 2026) Licenses; places of business; changes.","url":"\/6.2-1906.1\/","token":"6.2\/III\/19\/6.2-1906.1","metadata":false},{"id":67493,"structure_id":13061,"section_number":"6.2-1907","catch_line":"(Repealed effective July 1, 2026) License revocation.","url":"\/6.2-1907\/","token":"6.2\/III\/19\/6.2-1907","metadata":false},{"id":72990,"structure_id":13061,"section_number":"6.2-1908","catch_line":"(Repealed effective July 1, 2026) Notice of proposed revocation.","url":"\/6.2-1908\/","token":"6.2\/III\/19\/6.2-1908","metadata":false},{"id":85447,"structure_id":13061,"section_number":"6.2-1909","catch_line":"(Repealed effective July 1, 2026) Cease and desist orders.","url":"\/6.2-1909\/","token":"6.2\/III\/19\/6.2-1909","metadata":false},{"id":70239,"structure_id":13061,"section_number":"6.2-1910","catch_line":"(Repealed effective July 1, 2026) Investigations; examinations; reporting violations.","url":"\/6.2-1910\/","token":"6.2\/III\/19\/6.2-1910","metadata":false},{"id":69147,"structure_id":13061,"section_number":"6.2-1911","catch_line":"(Repealed effective July 1, 2026) Conduct of business through authorized delegates of licensee.","url":"\/6.2-1911\/","token":"6.2\/III\/19\/6.2-1911","metadata":false},{"id":74100,"structure_id":13061,"section_number":"6.2-1912","catch_line":"(Repealed effective July 1, 2026) Liability of licensee for payment of money order; money order to bear name of licensee.","url":"\/6.2-1912\/","token":"6.2\/III\/19\/6.2-1912","metadata":false},{"id":60663,"structure_id":13061,"section_number":"6.2-1913","catch_line":"(Repealed effective July 1, 2026) Regulations.","url":"\/6.2-1913\/","token":"6.2\/III\/19\/6.2-1913","metadata":false},{"id":54449,"structure_id":13061,"section_number":"6.2-1914","catch_line":"(Repealed effective July 1, 2026) Acquisition of control; application.","url":"\/6.2-1914\/","token":"6.2\/III\/19\/6.2-1914","metadata":false},{"id":72729,"structure_id":13061,"section_number":"6.2-1915","catch_line":"(Repealed effective July 1, 2026) Sale or issuance of bearer money orders; prohibition.","url":"\/6.2-1915\/","token":"6.2\/III\/19\/6.2-1915","metadata":false},{"id":83704,"structure_id":13061,"section_number":"6.2-1916","catch_line":"(Repealed effective July 1, 2026) Retention of books, accounts, and records","url":"\/6.2-1916\/","token":"6.2\/III\/19\/6.2-1916","metadata":false},{"id":57678,"structure_id":13061,"section_number":"6.2-1917","catch_line":"(Repealed effective July 1, 2026) Other reporting requirements.","url":"\/6.2-1917\/","token":"6.2\/III\/19\/6.2-1917","metadata":false},{"id":67148,"structure_id":13061,"section_number":"6.2-1918","catch_line":"(Repealed effective July 1, 2026) Maintenance of permissible investments.","url":"\/6.2-1918\/","token":"6.2\/III\/19\/6.2-1918","metadata":false},{"id":57713,"structure_id":13061,"section_number":"6.2-1919","catch_line":"(Repealed effective July 1, 2026) Types of permissible investments.","url":"\/6.2-1919\/","token":"6.2\/III\/19\/6.2-1919","metadata":false},{"id":57341,"structure_id":13061,"section_number":"6.2-1920","catch_line":"(Repealed effective July 1, 2026) Civil penalties.","url":"\/6.2-1920\/","token":"6.2\/III\/19\/6.2-1920","metadata":false},{"id":82261,"structure_id":13061,"section_number":"6.2-1921","catch_line":"(Repealed effective July 1, 2026) Criminal penalty.","url":"\/6.2-1921\/","token":"6.2\/III\/19\/6.2-1921","metadata":false}],"previous_section":{"id":79791,"structure_id":13061,"section_number":"6.2-1906.1","catch_line":"(Repealed effective July 1, 2026) Licenses; places of business; changes.","url":"\/6.2-1906.1\/","token":"6.2\/III\/19\/6.2-1906.1","metadata":false},"next_section":{"id":72990,"structure_id":13061,"section_number":"6.2-1908","catch_line":"(Repealed effective July 1, 2026) Notice of proposed revocation.","url":"\/6.2-1908\/","token":"6.2\/III\/19\/6.2-1908","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1907\/","history_text":"

This law was first created in 1974. The record of its establishment is cataloged in chapter 578 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1974 \u201cActs\u201d aren\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 1990, chapter 259; in 1994, chapter 889<\/a>; in 2001, chapter 372<\/a>; in 2009, chapter 346<\/a>; in 2010, chapter 794<\/a>; in 2014, chapter 454<\/a>; in 2025, chapter 214<\/a>.<\/p>","references":[{"id":72990,"section_number":"6.2-1908","catch_line":"(Repealed effective July 1, 2026) Notice of proposed revocation.","order_by":null,"url":"\/6.2-1908\/"},{"id":57341,"section_number":"6.2-1920","catch_line":"(Repealed effective July 1, 2026) Civil penalties.","order_by":null,"url":"\/6.2-1920\/"}],"refers_to":false,"permalink":{"id":266419,"object_type":"law","relational_id":67493,"identifier":"6.2-1907","token":"6.2\/III\/19\/6.2-1907","url":"\/6.2-1907\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1907\/","token":"6.2\/III\/19\/6.2-1907","dublin_core":{"Title":"(Repealed effective July 1, 2026) License revocation.","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1907","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Commission<\/span> may revoke a license issued under this chapter: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> If it reasonably determines that (i) a licensee<\/span> is engaging in one or more unsafe or unsound practices, (ii) a licensee<\/span> may be unable to perform its obligations, or (iii) a licensee<\/span> has willfully failed without reasonable cause to pay or provide for the payment of any of its obligations; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Upon any of the following grounds:\n\t\t\t\ta. Any ground for denial of a license under this chapter;\n\t\t\t\tb. Any violation of the provisions of this chapter or regulations adopted by the Commission<\/span> pursuant thereto, or a violation of any other law<\/span> or regulation applicable to the conduct of the licensee<\/span>’s business;\n\t\t\t\tc. Conviction<\/span> of a felony<\/span> or misdemeanor<\/span> involving fraud<\/span>, misrepresentation, or deceit;\n\t\t\t\td. Entry of a judgment<\/span> against such licensee<\/span> involving fraud<\/span>, misrepresentation, or deceit;\n\t\t\t\te. Entry of a federal or state administrative order<\/span> against such licensee<\/span> for violation of any law<\/span> or any regulation applicable to the conduct of his business;\n\t\t\t\tf. Refusal to permit an investigation or examination by the Commission<\/span>;\n\t\t\t\tg. Failure to pay any fee or assessment imposed by this chapter; or\n\t\t\t\th. Failure to comply with any order<\/span> of the Commission<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> For the purposes of this section, acts of any officer, director, member<\/span>, partner, or principal<\/span> shall be deemed acts of the licensee<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\n(REPEALED EFFECTIVE JULY 1, 2026) LICENSE REVOCATION. (\u00a7 6.2-1907)\n\nA. The Commission may revoke a license issued under this chapter:\n\n 1. If it reasonably determines that (i) a licensee is engaging in one or more\n unsafe or unsound practices, (ii) a licensee may be unable to perform its\n obligations, or (iii) a licensee has willfully failed without reasonable cause\n to pay or provide for the payment of any of its obligations; or\n\n 2. Upon any of the following grounds:\n \t\t\t\ta. Any ground for denial of a license under this chapter;\n \t\t\t\tb. Any violation of the provisions of this chapter or regulations adopted\n by the Commission pursuant thereto, or a violation of any other law or\n regulation applicable to the conduct of the licensee’s business;\n \t\t\t\tc. Conviction of a felony or misdemeanor involving fraud,\n misrepresentation, or deceit;\n \t\t\t\td. Entry of a judgment against such licensee involving fraud,\n misrepresentation, or deceit;\n \t\t\t\te. Entry of a federal or state administrative order against such licensee\n for violation of any law or any regulation applicable to the conduct of his\n business;\n \t\t\t\tf. Refusal to permit an investigation or examination by the Commission;\n \t\t\t\tg. Failure to pay any fee or assessment imposed by this chapter; or\n \t\t\t\th. Failure to comply with any order of the Commission.\n\nB. For the purposes of this section, acts of any officer, director, member,\npartner, or principal shall be deemed acts of the licensee.\n\nHISTORY: 1974, c. 578, \u00a7 6.1-374; 1990, c. 259; 1994, c. 889; 2001, c. 372;\n2009, c. 346; 2010, c. 794; 2014, c. 454; 2025, c. 214.","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}}