{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-2010.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-2010.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-2010.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-2010.html"}],"law_id":82369,"edition_id":1,"section_id":82369,"structure_id":13648,"section_number":"6.2-2010","catch_line":"Other reporting requirements","history":"2004, c. 790, \u00a7 6.1-363.12; 2010, c. 794.","full_text":"A\n\nWithin 15 days following the occurrence of any of the following events, a licensee shall file a written report with the Commission describing such event and its expected impact upon the business of the licensee:1\n\nThe filing of bankruptcy, reorganization, or receivership proceedings by or against the licensee;2\n\nThe institution of administrative or regulatory proceedings against the licensee by any governmental authority;3\n\nAny felony indictments of the licensee or any of its members, partners, directors, officers, trustees, beneficiaries, or principals, if known;4\n\nAny felony conviction of the licensee or any of its members, partners, directors, officers, trustees, beneficiaries, or principals, if known;5\n\nThe institution of an action against the licensee under the Virginia Consumer Protection Act (§ 59.1-196 et seq.) by the Attorney General or any other governmental authority; or6\n\nSuch other event as the Commission may prescribe by regulation.B\n\nWithin 30 days of judgment against the licensee in a civil action relating to the DMP of a consumer, a licensee shall file a written report with the Commission describing such event and its expected impact upon the business of the licensee. The licensee shall advise the Commission within 30 days of any settlement or the result of any judgment entered.C\n\nWithin 10 days of receipt of any qualified audit, a licensee shall notify the Commission and describe what steps are being taken to address concerns raised in the audit.D\n\nFailure to file a report or other information or documents required under this section shall subject the licensee to a fine of $25 for each day the report is overdue.","order_by":null,"text":{"0":{"id":295116,"text":"Within 15 days following the occurrence of any of the following events, a licensee shall file a written report with the Commission describing such event and its expected impact upon the business of the licensee:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":295117,"text":"The filing of bankruptcy, reorganization, or receivership proceedings by or against the licensee;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":295118,"text":"The institution of administrative or regulatory proceedings against the licensee by any governmental authority;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":295119,"text":"Any felony indictments of the licensee or any of its members, partners, directors, officers, trustees, beneficiaries, or principals, if known;","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":295120,"text":"Any felony conviction of the licensee or any of its members, partners, directors, officers, trustees, beneficiaries, or principals, if known;","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"A5"},"5":{"id":295121,"text":"The institution of an action against the licensee under the Virginia Consumer Protection Act (§ 59.1-196 et seq.) by the Attorney General or any other governmental authority; or","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2,"prior_prefix":"A4","next_prefix":"A6"},"6":{"id":295122,"text":"Such other event as the Commission may prescribe by regulation.","type":"section","prefixes":["A","6"],"prefix":"6","entire_prefix":"A6","prefix_anchor":"A6","level":2,"prior_prefix":"A5","next_prefix":"B"},"7":{"id":295123,"text":"Within 30 days of judgment against the licensee in a civil action relating to the DMP of a consumer, a licensee shall file a written report with the Commission describing such event and its expected impact upon the business of the licensee. The licensee shall advise the Commission within 30 days of any settlement or the result of any judgment entered.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A6","next_prefix":"C"},"8":{"id":295124,"text":"Within 10 days of receipt of any qualified audit, a licensee shall notify the Commission and describe what steps are being taken to address concerns raised in the audit.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"9":{"id":295125,"text":"Failure to file a report or other information or documents required under this section shall subject the licensee to a fine of $25 for each day the report is overdue.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":13648,"edition_id":1,"name":"Agencies Providing Debt Management Plans","identifier":"20","label":"chapter","depth":3,"order_by":1,"parent_id":13060,"metadata":{},"date_created":"2026-06-26 03:45:28","date_modified":"2026-06-26 03:45:28","permalink":{"id":266625,"object_type":"structure","relational_id":13648,"identifier":"20","token":"6.2\/III\/20","url":"\/6.2\/III\/20\/","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":74235,"structure_id":13648,"section_number":"6.2-2000","catch_line":"Definitions","url":"\/6.2-2000\/","token":"6.2\/III\/20\/6.2-2000","metadata":false},{"id":85410,"structure_id":13648,"section_number":"6.2-2001","catch_line":"(Effective July 1, 2026) License requirement; exceptions","url":"\/6.2-2001\/","token":"6.2\/III\/20\/6.2-2001","metadata":false},{"id":86912,"structure_id":13648,"section_number":"6.2-2002","catch_line":"Application for license; form; content; fee","url":"\/6.2-2002\/","token":"6.2\/III\/20\/6.2-2002","metadata":false},{"id":71684,"structure_id":13648,"section_number":"6.2-2003","catch_line":"Bond required","url":"\/6.2-2003\/","token":"6.2\/III\/20\/6.2-2003","metadata":false},{"id":70236,"structure_id":13648,"section_number":"6.2-2004","catch_line":"Investigation of applications","url":"\/6.2-2004\/","token":"6.2\/III\/20\/6.2-2004","metadata":false},{"id":65887,"structure_id":13648,"section_number":"6.2-2005","catch_line":"Qualifications","url":"\/6.2-2005\/","token":"6.2\/III\/20\/6.2-2005","metadata":false},{"id":86118,"structure_id":13648,"section_number":"6.2-2006","catch_line":"Licenses; places of business; changes","url":"\/6.2-2006\/","token":"6.2\/III\/20\/6.2-2006","metadata":false},{"id":54620,"structure_id":13648,"section_number":"6.2-2007","catch_line":"Acquisition of control; application","url":"\/6.2-2007\/","token":"6.2\/III\/20\/6.2-2007","metadata":false},{"id":56125,"structure_id":13648,"section_number":"6.2-2008","catch_line":"Retention of books, accounts, and records; responding to Bureau","url":"\/6.2-2008\/","token":"6.2\/III\/20\/6.2-2008","metadata":false},{"id":65169,"structure_id":13648,"section_number":"6.2-2009","catch_line":"Annual report","url":"\/6.2-2009\/","token":"6.2\/III\/20\/6.2-2009","metadata":false},{"id":82369,"structure_id":13648,"section_number":"6.2-2010","catch_line":"Other reporting requirements","url":"\/6.2-2010\/","token":"6.2\/III\/20\/6.2-2010","metadata":false},{"id":68502,"structure_id":13648,"section_number":"6.2-2011","catch_line":"Investigations; examinations","url":"\/6.2-2011\/","token":"6.2\/III\/20\/6.2-2011","metadata":false},{"id":68088,"structure_id":13648,"section_number":"6.2-2012","catch_line":"Annual fees","url":"\/6.2-2012\/","token":"6.2\/III\/20\/6.2-2012","metadata":false},{"id":63358,"structure_id":13648,"section_number":"6.2-2013","catch_line":"Regulations","url":"\/6.2-2013\/","token":"6.2\/III\/20\/6.2-2013","metadata":false},{"id":72079,"structure_id":13648,"section_number":"6.2-2014","catch_line":"Required and prohibited business methods","url":"\/6.2-2014\/","token":"6.2\/III\/20\/6.2-2014","metadata":false},{"id":75090,"structure_id":13648,"section_number":"6.2-2015","catch_line":"Fees and contributions","url":"\/6.2-2015\/","token":"6.2\/III\/20\/6.2-2015","metadata":false},{"id":78388,"structure_id":13648,"section_number":"6.2-2016","catch_line":"Additional charges","url":"\/6.2-2016\/","token":"6.2\/III\/20\/6.2-2016","metadata":false},{"id":59347,"structure_id":13648,"section_number":"6.2-2017","catch_line":"Advertising","url":"\/6.2-2017\/","token":"6.2\/III\/20\/6.2-2017","metadata":false},{"id":67990,"structure_id":13648,"section_number":"6.2-2018","catch_line":"Suspension or revocation of license","url":"\/6.2-2018\/","token":"6.2\/III\/20\/6.2-2018","metadata":false},{"id":75871,"structure_id":13648,"section_number":"6.2-2019","catch_line":"Cease and desist orders","url":"\/6.2-2019\/","token":"6.2\/III\/20\/6.2-2019","metadata":false},{"id":74097,"structure_id":13648,"section_number":"6.2-2020","catch_line":"Notice of proposed suspension or revocation","url":"\/6.2-2020\/","token":"6.2\/III\/20\/6.2-2020","metadata":false},{"id":76436,"structure_id":13648,"section_number":"6.2-2021","catch_line":"Civil penalties","url":"\/6.2-2021\/","token":"6.2\/III\/20\/6.2-2021","metadata":false},{"id":54964,"structure_id":13648,"section_number":"6.2-2022","catch_line":"Criminal penalty","url":"\/6.2-2022\/","token":"6.2\/III\/20\/6.2-2022","metadata":false},{"id":54724,"structure_id":13648,"section_number":"6.2-2023","catch_line":"Private right of action","url":"\/6.2-2023\/","token":"6.2\/III\/20\/6.2-2023","metadata":false},{"id":67756,"structure_id":13648,"section_number":"6.2-2024","catch_line":"Authority of Attorney General; referral by Commission to Attorney General","url":"\/6.2-2024\/","token":"6.2\/III\/20\/6.2-2024","metadata":false},{"id":78691,"structure_id":13648,"section_number":"6.2-2025","catch_line":"Violation of the Virginia Consumer Protection Act","url":"\/6.2-2025\/","token":"6.2\/III\/20\/6.2-2025","metadata":false}],"previous_section":{"id":65169,"structure_id":13648,"section_number":"6.2-2009","catch_line":"Annual report","url":"\/6.2-2009\/","token":"6.2\/III\/20\/6.2-2009","metadata":false},"next_section":{"id":68502,"structure_id":13648,"section_number":"6.2-2011","catch_line":"Investigations; examinations","url":"\/6.2-2011\/","token":"6.2\/III\/20\/6.2-2011","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-2010\/","history_text":"

This law was first created in 2004. The record of its establishment is cataloged in chapter 790<\/a> 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. It has been modified 1 time. 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. That modification is as follows: in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":[{"id":56198,"section_number":"59.1-196","catch_line":"Title","order_by":null,"url":"\/59.1-196\/"}],"permalink":{"id":266667,"object_type":"law","relational_id":82369,"identifier":"6.2-2010","token":"6.2\/III\/20\/6.2-2010","url":"\/6.2-2010\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-2010\/","token":"6.2\/III\/20\/6.2-2010","dublin_core":{"Title":"Other reporting requirements","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-2010","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Within 15 days following the occurrence of any of the following events, a licensee<\/span> shall file a written report with the Commission<\/span> describing such event and its expected impact upon the business of the licensee<\/span>: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The filing of bankruptcy<\/span>, reorganization, or receivership proceedings by or against the licensee<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The institution of administrative or regulatory proceedings against the licensee<\/span> by any governmental authority; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Any felony<\/span> indictments<\/span> of the licensee<\/span> or any of its members, partners, directors, officers, trustees, beneficiaries, or principals<\/span>, if known; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Any felony<\/span> conviction<\/span> of the licensee<\/span> or any of its members, partners, directors, officers, trustees, beneficiaries, or principals<\/span>, if known; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> The institution of an action against the licensee<\/span> under the Virginia Consumer<\/span> Protection Act (§ 59.1-196<\/a> et seq.) by the Attorney General<\/span> or any other governmental authority; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Such other event as the Commission<\/span> may prescribe by regulation. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Within 30 days of judgment<\/span> against the licensee<\/span> in a civil action<\/span> relating to the DMP<\/span> of a consumer<\/span>, a licensee<\/span> shall file a written report with the Commission<\/span> describing such event and its expected impact upon the business of the licensee<\/span>. The licensee<\/span> shall advise the Commission<\/span> within 30 days of any settlement<\/span> or the result of any judgment<\/span> entered. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Within 10 days of receipt of any qualified audit, a licensee<\/span> shall notify the Commission<\/span> and describe what steps are being taken to address concerns raised in the audit. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> Failure to file a report or other information or documents required under this section shall subject the licensee<\/span> to a fine of $25 for each day the report is overdue. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nOTHER REPORTING REQUIREMENTS (\u00a7 6.2-2010)\n\nA. Within 15 days following the occurrence of any of the following events, a\nlicensee shall file a written report with the Commission describing such event\nand its expected impact upon the business of the licensee:\n\n 1. The filing of bankruptcy, reorganization, or receivership proceedings by or\n against the licensee;\n\n 2. The institution of administrative or regulatory proceedings against the\n licensee by any governmental authority;\n\n 3. Any felony indictments of the licensee or any of its members, partners,\n directors, officers, trustees, beneficiaries, or principals, if known;\n\n 4. Any felony conviction of the licensee or any of its members, partners,\n directors, officers, trustees, beneficiaries, or principals, if known;\n\n 5. The institution of an action against the licensee under the Virginia\n Consumer Protection Act (§ 59.1-196 et seq.) by the Attorney General or\n any other governmental authority; or\n\n 6. Such other event as the Commission may prescribe by regulation.\n\nB. Within 30 days of judgment against the licensee in a civil action relating to\nthe DMP of a consumer, a licensee shall file a written report with the\nCommission describing such event and its expected impact upon the business of\nthe licensee. The licensee shall advise the Commission within 30 days of any\nsettlement or the result of any judgment entered.\n\nC. Within 10 days of receipt of any qualified audit, a licensee shall notify the\nCommission and describe what steps are being taken to address concerns raised in\nthe audit.\n\nD. Failure to file a report or other information or documents required under\nthis section shall subject the licensee to a fine of $25 for each day the report\nis overdue.\n\nHISTORY: 2004, c. 790, \u00a7 6.1-363.12; 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}}