{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-843.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-843.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-843.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-843.html"}],"law_id":55167,"edition_id":1,"section_id":55167,"structure_id":14063,"section_number":"6.2-843","catch_line":"Examination; periodic reports; cooperative agreements; assessment of fees","history":"1995, c. 301, \u00a7 6.1-44.9; 2010, c. 794.","full_text":"A\n\nThe Commission may make such examinations of any branch established under this article by an out-of-state state bank as the Commission may deem necessary to determine whether the branch is operating in compliance with the laws of the Commonwealth and to ensure that the branch is being operated in a safe and sound manner. The provisions of § 6.2-901 shall apply to such examinations.B\n\nThe Commission may require periodic reports from any out-of-state bank that maintains a branch in the Commonwealth to the extent such reporting requirements (i) apply equally to similarly situated banks having the Commonwealth as their home state and (ii) are not preempted by federal law. Such reports shall be filed under oath with such frequency and in such scope and detail as may be appropriate for the purpose of assuring continuing compliance with the provisions of this article.C\n\nThe Commission may enter into cooperative agreements with the appropriate state bank supervisors and federal banking agencies for the periodic examination of any branch in the Commonwealth of an out-of-state state bank, or any branch of a Virginia state bank in any host state, and may accept such agencies’ reports of examination and reports of investigation in lieu of conducting its own examinations or investigations. The Commission may enter into joint enforcement actions with other state bank supervisors and federal banking agencies having concurrent jurisdiction over any branch of an out-of-state state bank or any branch of a Virginia state bank, or may take such actions independently to carry out its responsibilities under this article and to assure compliance with the laws of the Commonwealth.D\n\nOut-of-state state banks may be assessed and, if assessed, shall pay supervisory and examination fees in accordance with the laws of the Commonwealth and regulations of the Commission. Such fees may be shared with other state and federal regulators in accordance with agreements between them and the Commission.","order_by":null,"text":{"0":{"id":202251,"text":"The Commission may make such examinations of any branch established under this article by an out-of-state state bank as the Commission may deem necessary to determine whether the branch is operating in compliance with the laws of the Commonwealth and to ensure that the branch is being operated in a safe and sound manner. The provisions of § 6.2-901 shall apply to such examinations.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":202252,"text":"The Commission may require periodic reports from any out-of-state bank that maintains a branch in the Commonwealth to the extent such reporting requirements (i) apply equally to similarly situated banks having the Commonwealth as their home state and (ii) are not preempted by federal law. Such reports shall be filed under oath with such frequency and in such scope and detail as may be appropriate for the purpose of assuring continuing compliance with the provisions of this article.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":202253,"text":"The Commission may enter into cooperative agreements with the appropriate state bank supervisors and federal banking agencies for the periodic examination of any branch in the Commonwealth of an out-of-state state bank, or any branch of a Virginia state bank in any host state, and may accept such agencies’ reports of examination and reports of investigation in lieu of conducting its own examinations or investigations. The Commission may enter into joint enforcement actions with other state bank supervisors and federal banking agencies having concurrent jurisdiction over any branch of an out-of-state state bank or any branch of a Virginia state bank, or may take such actions independently to carry out its responsibilities under this article and to assure compliance with the laws of the Commonwealth.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":202254,"text":"Out-of-state state banks may be assessed and, if assessed, shall pay supervisory and examination fees in accordance with the laws of the Commonwealth and regulations of the Commission. Such fees may be shared with other state and federal regulators in accordance with agreements between them and the Commission.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":14063,"edition_id":1,"name":"Interstate Branching","identifier":"6","label":"article","depth":4,"order_by":1,"parent_id":13791,"metadata":{},"date_created":"2026-06-26 03:46:45","date_modified":"2026-06-26 03:46:45","permalink":{"id":265501,"object_type":"structure","relational_id":14063,"identifier":"6","token":"6.2\/II\/8\/6","url":"\/6.2\/II\/8\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13791,"edition_id":1,"name":"Banks","identifier":"8","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:53","date_modified":"2026-06-26 03:45:53","permalink":{"id":265065,"object_type":"structure","relational_id":13791,"identifier":"8","token":"6.2\/II\/8","url":"\/6.2\/II\/8\/","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":58856,"structure_id":14063,"section_number":"6.2-836","catch_line":"Definitions","url":"\/6.2-836\/","token":"6.2\/II\/8\/6\/6.2-836","metadata":false},{"id":73573,"structure_id":14063,"section_number":"6.2-837","catch_line":"Interstate branching by Virginia state banks","url":"\/6.2-837\/","token":"6.2\/II\/8\/6\/6.2-837","metadata":false},{"id":74198,"structure_id":14063,"section_number":"6.2-838","catch_line":"Interstate branching","url":"\/6.2-838\/","token":"6.2\/II\/8\/6\/6.2-838","metadata":false},{"id":79144,"structure_id":14063,"section_number":"6.2-839","catch_line":"Interstate branching through the acquisition of a branch","url":"\/6.2-839\/","token":"6.2\/II\/8\/6\/6.2-839","metadata":false},{"id":77286,"structure_id":14063,"section_number":"6.2-840","catch_line":"Filing requirements","url":"\/6.2-840\/","token":"6.2\/II\/8\/6\/6.2-840","metadata":false},{"id":66896,"structure_id":14063,"section_number":"6.2-841","catch_line":"Repealed","url":"\/6.2-841\/","token":"6.2\/II\/8\/6\/6.2-841","metadata":false},{"id":79695,"structure_id":14063,"section_number":"6.2-842","catch_line":"Powers","url":"\/6.2-842\/","token":"6.2\/II\/8\/6\/6.2-842","metadata":false},{"id":55167,"structure_id":14063,"section_number":"6.2-843","catch_line":"Examination; periodic reports; cooperative agreements; assessment of fees","url":"\/6.2-843\/","token":"6.2\/II\/8\/6\/6.2-843","metadata":false},{"id":62666,"structure_id":14063,"section_number":"6.2-844","catch_line":"Enforcement","url":"\/6.2-844\/","token":"6.2\/II\/8\/6\/6.2-844","metadata":false},{"id":68833,"structure_id":14063,"section_number":"6.2-845","catch_line":"Additional branches","url":"\/6.2-845\/","token":"6.2\/II\/8\/6\/6.2-845","metadata":false},{"id":62254,"structure_id":14063,"section_number":"6.2-846","catch_line":"Regulations; fees","url":"\/6.2-846\/","token":"6.2\/II\/8\/6\/6.2-846","metadata":false},{"id":63954,"structure_id":14063,"section_number":"6.2-847","catch_line":"Notice of subsequent merger or other transaction","url":"\/6.2-847\/","token":"6.2\/II\/8\/6\/6.2-847","metadata":false},{"id":70544,"structure_id":14063,"section_number":"6.2-848","catch_line":"Repealed","url":"\/6.2-848\/","token":"6.2\/II\/8\/6\/6.2-848","metadata":false}],"previous_section":{"id":79695,"structure_id":14063,"section_number":"6.2-842","catch_line":"Powers","url":"\/6.2-842\/","token":"6.2\/II\/8\/6\/6.2-842","metadata":false},"next_section":{"id":62666,"structure_id":14063,"section_number":"6.2-844","catch_line":"Enforcement","url":"\/6.2-844\/","token":"6.2\/II\/8\/6\/6.2-844","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-843\/","history_text":"

This law was first created in 1995. The record of its establishment is cataloged in chapter 301<\/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":63679,"section_number":"6.2-901","catch_line":"Assistance in making examinations","order_by":null,"url":"\/6.2-901\/"}],"permalink":{"id":265531,"object_type":"law","relational_id":55167,"identifier":"6.2-843","token":"6.2\/II\/8\/6\/6.2-843","url":"\/6.2-843\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-843\/","token":"6.2\/II\/8\/6\/6.2-843","dublin_core":{"Title":"Examination; periodic reports; cooperative agreements; assessment of fees","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-843","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Commission<\/span> may make such examinations of any branch established under this article by an out-of-state state bank<\/span> as the Commission<\/span> may deem necessary to determine whether the branch is operating in compliance with the laws<\/span> of the Commonwealth and to ensure that the branch is being operated in a safe and sound manner. The provisions of § 6.2-901<\/a> shall apply to such examinations. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The Commission<\/span> may require periodic reports from any out-of-state bank<\/span> that maintains a branch in the Commonwealth to the extent such reporting requirements (i) apply equally to similarly situated banks<\/span> having the Commonwealth as their home state and (ii) are not preempted by federal law<\/span>. Such reports shall be filed under oath<\/span> with such frequency and in such scope and detail as may be appropriate for the purpose of assuring continuing compliance with the provisions of this article. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The Commission<\/span> may enter into cooperative agreements with the appropriate state bank supervisors and federal banking agencies for the periodic examination of any branch in the Commonwealth of an out-of-state state bank<\/span>, or any branch of a Virginia state bank<\/span> in any host state<\/span>, and may accept such agencies’ reports of examination and reports of investigation in lieu of conducting its own examinations or investigations. The Commission<\/span> may enter into joint enforcement actions with other state bank supervisors and federal banking agencies having concurrent jurisdiction<\/span> over any branch of an out-of-state state bank<\/span> or any branch of a Virginia state bank<\/span>, or may take such actions independently to carry out its responsibilities under this article and to assure compliance with the laws<\/span> of the Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> Out-of-state state banks<\/span> may be assessed and, if assessed, shall pay supervisory and examination fees in accordance with the laws<\/span> of the Commonwealth and regulations of the Commission<\/span>. Such fees may be shared with other state and federal regulators in accordance with agreements between them and the Commission<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEXAMINATION; PERIODIC REPORTS; COOPERATIVE AGREEMENTS; ASSESSMENT OF FEES (\u00a7\n6.2-843)\n\nA. The Commission may make such examinations of any branch established under\nthis article by an out-of-state state bank as the Commission may deem necessary\nto determine whether the branch is operating in compliance with the laws of the\nCommonwealth and to ensure that the branch is being operated in a safe and sound\nmanner. The provisions of § 6.2-901 shall apply to such examinations.\n\nB. The Commission may require periodic reports from any out-of-state bank that\nmaintains a branch in the Commonwealth to the extent such reporting requirements\n(i) apply equally to similarly situated banks having the Commonwealth as their\nhome state and (ii) are not preempted by federal law. Such reports shall be\nfiled under oath with such frequency and in such scope and detail as may be\nappropriate for the purpose of assuring continuing compliance with the\nprovisions of this article.\n\nC. The Commission may enter into cooperative agreements with the appropriate\nstate bank supervisors and federal banking agencies for the periodic examination\nof any branch in the Commonwealth of an out-of-state state bank, or any branch\nof a Virginia state bank in any host state, and may accept such agencies’\nreports of examination and reports of investigation in lieu of conducting its\nown examinations or investigations. The Commission may enter into joint\nenforcement actions with other state bank supervisors and federal banking\nagencies having concurrent jurisdiction over any branch of an out-of-state state\nbank or any branch of a Virginia state bank, or may take such actions\nindependently to carry out its responsibilities under this article and to assure\ncompliance with the laws of the Commonwealth.\n\nD. Out-of-state state banks may be assessed and, if assessed, shall pay\nsupervisory and examination fees in accordance with the laws of the Commonwealth\nand regulations of the Commission. Such fees may be shared with other state and\nfederal regulators in accordance with agreements between them and the\nCommission.\n\nHISTORY: 1995, c. 301, \u00a7 6.1-44.9; 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}}