{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-2038.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-2038.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-2038.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-2038.html"}],"law_id":80270,"edition_id":1,"section_id":80270,"structure_id":14206,"section_number":"6.2-2038","catch_line":"Annual fees","history":"2020, c. 785.","full_text":"A\n\nTo defray the costs of the examination, supervision, and regulation of licensees, every licensee under this chapter shall pay an annual fee calculated in accordance with a schedule set by the Commission. The schedule shall bear a reasonable relationship to the total number of agreements to provide debt settlement services maintained by licensees, to the actual costs of their examinations, and to other factors relating to their supervision and regulation. All such fees shall be assessed on or before June 1 for every calendar year. All such fees shall be paid by the licensee to the State Treasurer on or before July 1 following each assessment.B\n\nIn addition to the annual fee prescribed in subsection A, when it becomes necessary to examine or investigate the books and records of a licensee under this chapter at a location outside the Commonwealth, the licensee shall be liable for and shall pay to the Commission within 30 days of the presentation of an itemized statement the actual travel and reasonable living expenses incurred on account of its examination, supervision, and regulation, or shall pay at a reasonable per diem rate approved by the Commission.","order_by":null,"text":{"0":{"id":287352,"text":"To defray the costs of the examination, supervision, and regulation of licensees, every licensee under this chapter shall pay an annual fee calculated in accordance with a schedule set by the Commission. The schedule shall bear a reasonable relationship to the total number of agreements to provide debt settlement services maintained by licensees, to the actual costs of their examinations, and to other factors relating to their supervision and regulation. All such fees shall be assessed on or before June 1 for every calendar year. All such fees shall be paid by the licensee to the State Treasurer on or before July 1 following each assessment.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":287353,"text":"In addition to the annual fee prescribed in subsection A, when it becomes necessary to examine or investigate the books and records of a licensee under this chapter at a location outside the Commonwealth, the licensee shall be liable for and shall pay to the Commission within 30 days of the presentation of an itemized statement the actual travel and reasonable living expenses incurred on account of its examination, supervision, and regulation, or shall pay at a reasonable per diem rate approved by the Commission.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":14206,"edition_id":1,"name":"Debt Settlement Services Providers","identifier":"20.1","label":"chapter","depth":3,"order_by":1,"parent_id":13060,"metadata":{},"date_created":"2026-06-26 03:47:16","date_modified":"2026-06-26 03:47:16","permalink":{"id":266731,"object_type":"structure","relational_id":14206,"identifier":"20.1","token":"6.2\/III\/20.1","url":"\/6.2\/III\/20.1\/","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":76223,"structure_id":14206,"section_number":"6.2-2026","catch_line":"Definitions","url":"\/6.2-2026\/","token":"6.2\/III\/20.1\/6.2-2026","metadata":false},{"id":55395,"structure_id":14206,"section_number":"6.2-2027","catch_line":"License requirement; 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This law was first created in 2020. The record of its establishment is cataloged in chapter 785<\/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.<\/p>","references":false,"refers_to":false,"permalink":{"id":266781,"object_type":"law","relational_id":80270,"identifier":"6.2-2038","token":"6.2\/III\/20.1\/6.2-2038","url":"\/6.2-2038\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-2038\/","token":"6.2\/III\/20.1\/6.2-2038","dublin_core":{"Title":"Annual fees","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-2038","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> To defray the costs of the examination, supervision, and regulation of licensees<\/span>, every licensee<\/span> under this chapter shall pay an annual fee calculated in accordance with a schedule set by the Commission<\/span>. The schedule shall bear a reasonable relationship to the total number of agreements to provide debt settlement services<\/span> maintained by licensees<\/span>, to the actual costs of their examinations, and to other factors relating to their supervision and regulation. All such fees shall be assessed on or before June 1 for every calendar year. All such fees shall be paid by the licensee<\/span> to the State Treasurer on or before July 1 following each assessment. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> In addition to the annual fee prescribed in subsection A, when it becomes necessary to examine or investigate the books and records of a licensee<\/span> under this chapter at a location outside the Commonwealth, the licensee<\/span> shall be liable for and shall pay to the Commission<\/span> within 30 days of the presentation of an itemized statement the actual travel and reasonable living expenses incurred on account of its examination, supervision, and regulation, or shall pay at a reasonable per diem rate approved by the Commission<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nANNUAL FEES (\u00a7 6.2-2038)\n\nA. To defray the costs of the examination, supervision, and regulation of\nlicensees, every licensee under this chapter shall pay an annual fee calculated\nin accordance with a schedule set by the Commission. The schedule shall bear a\nreasonable relationship to the total number of agreements to provide debt\nsettlement services maintained by licensees, to the actual costs of their\nexaminations, and to other factors relating to their supervision and regulation.\nAll such fees shall be assessed on or before June 1 for every calendar year. All\nsuch fees shall be paid by the licensee to the State Treasurer on or before July\n1 following each assessment.\n\nB. In addition to the annual fee prescribed in subsection A, when it becomes\nnecessary to examine or investigate the books and records of a licensee under\nthis chapter at a location outside the Commonwealth, the licensee shall be\nliable for and shall pay to the Commission within 30 days of the presentation of\nan itemized statement the actual travel and reasonable living expenses incurred\non account of its examination, supervision, and regulation, or shall pay at a\nreasonable per diem rate approved by the Commission.\n\nHISTORY: 2020, c. 785.","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}}