{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-907.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-907.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-907.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-907.html"}],"law_id":83204,"edition_id":1,"section_id":83204,"structure_id":15012,"section_number":"6.2-907","catch_line":"Reports of condition and other statements","history":"Code 1950, \u00a7\u00a7 6-105, 6-128; 1966, c. 584, \u00a7\u00a7 6.1-93, 6.1-114; 1974, c. 665; 1976, c. 658; 1977, c. 257; 1988, c. 555; 1995, c. 561; 1997, cc. 142, 407; 2010, c. 794.","full_text":"A\n\nEvery bank shall make to the Commission statements of its financial condition at such times as the Commission may require. Such statements shall be (i) made in accordance with forms prescribed by the Commission, (ii) certified under oath by the president or cashier of the bank, or, if there is no cashier, by the treasurer, and (iii) attested by at least three of its directors.B\n\nThe Commission shall require all banks doing business in the Commonwealth to make the statements described in subsection A, and at the time prescribed. The Commission shall prepare such forms as may be necessary to carry out the provisions of this section.C\n\nWhenever the Commission calls for statements, it shall forward to each such bank two forms, one of which, after being properly filled out and certified as required by subsection A, shall be returned to the Commission within a time prescribed by the Commission. The other form, filled out in like manner, shall be filed with the records of the bank. The Commission shall allow banks to submit such statements electronically. Any bank that submits such statements electronically shall maintain a copy of the statement with the required certified signatures affixed.D\n\nThe Commission may require any bank to prepare and submit such other reports and material as it deems necessary to protect and promote the public interest.E\n\nThe Commission may impose a civil penalty of not less than $100 but not exceeding $1,000 per day for each day of noncompliance upon any bank that it determines, in proceedings commenced in accordance with the Commission’s Rules, has failed to comply with any of the provisions of this section, for a period of longer than 30 days, after being called upon by the Commission for a statement, or to do such other act as is herein provided.","order_by":null,"text":{"0":{"id":298104,"text":"Every bank shall make to the Commission statements of its financial condition at such times as the Commission may require. Such statements shall be (i) made in accordance with forms prescribed by the Commission, (ii) certified under oath by the president or cashier of the bank, or, if there is no cashier, by the treasurer, and (iii) attested by at least three of its directors.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":298105,"text":"The Commission shall require all banks doing business in the Commonwealth to make the statements described in subsection A, and at the time prescribed. The Commission shall prepare such forms as may be necessary to carry out the provisions of this section.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":298106,"text":"Whenever the Commission calls for statements, it shall forward to each such bank two forms, one of which, after being properly filled out and certified as required by subsection A, shall be returned to the Commission within a time prescribed by the Commission. The other form, filled out in like manner, shall be filed with the records of the bank. The Commission shall allow banks to submit such statements electronically. Any bank that submits such statements electronically shall maintain a copy of the statement with the required certified signatures affixed.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":298107,"text":"The Commission may require any bank to prepare and submit such other reports and material as it deems necessary to protect and promote the public interest.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":298108,"text":"The Commission may impose a civil penalty of not less than $100 but not exceeding $1,000 per day for each day of noncompliance upon any bank that it determines, in proceedings commenced in accordance with the Commission’s Rules, has failed to comply with any of the provisions of this section, for a period of longer than 30 days, after being called upon by the Commission for a statement, or to do such other act as is herein provided.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":15012,"edition_id":1,"name":"Examinations and Reports","identifier":"12","label":"article","depth":4,"order_by":1,"parent_id":13791,"metadata":{},"date_created":"2026-06-26 03:51:30","date_modified":"2026-06-26 03:51:30","permalink":{"id":265141,"object_type":"structure","relational_id":15012,"identifier":"12","token":"6.2\/II\/8\/12","url":"\/6.2\/II\/8\/12\/","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":78192,"structure_id":15012,"section_number":"6.2-898","catch_line":"Examinations","url":"\/6.2-898\/","token":"6.2\/II\/8\/12\/6.2-898","metadata":false},{"id":81198,"structure_id":15012,"section_number":"6.2-899","catch_line":"Examination of affiliates","url":"\/6.2-899\/","token":"6.2\/II\/8\/12\/6.2-899","metadata":false},{"id":61972,"structure_id":15012,"section_number":"6.2-900","catch_line":"Special examinations","url":"\/6.2-900\/","token":"6.2\/II\/8\/12\/6.2-900","metadata":false},{"id":63679,"structure_id":15012,"section_number":"6.2-901","catch_line":"Assistance in making examinations","url":"\/6.2-901\/","token":"6.2\/II\/8\/12\/6.2-901","metadata":false},{"id":78670,"structure_id":15012,"section_number":"6.2-902","catch_line":"Notice of examination","url":"\/6.2-902\/","token":"6.2\/II\/8\/12\/6.2-902","metadata":false},{"id":78909,"structure_id":15012,"section_number":"6.2-903","catch_line":"Revaluation of assets after examination","url":"\/6.2-903\/","token":"6.2\/II\/8\/12\/6.2-903","metadata":false},{"id":69178,"structure_id":15012,"section_number":"6.2-904","catch_line":"Report of examination; inspection and dissemination to directors","url":"\/6.2-904\/","token":"6.2\/II\/8\/12\/6.2-904","metadata":false},{"id":71797,"structure_id":15012,"section_number":"6.2-905","catch_line":"Communications to board or executive committee","url":"\/6.2-905\/","token":"6.2\/II\/8\/12\/6.2-905","metadata":false},{"id":63130,"structure_id":15012,"section_number":"6.2-906","catch_line":"Disclosure of irregularities; Commission's powers","url":"\/6.2-906\/","token":"6.2\/II\/8\/12\/6.2-906","metadata":false},{"id":83204,"structure_id":15012,"section_number":"6.2-907","catch_line":"Reports of condition and other statements","url":"\/6.2-907\/","token":"6.2\/II\/8\/12\/6.2-907","metadata":false},{"id":62085,"structure_id":15012,"section_number":"6.2-908","catch_line":"Fees for supervision and regulation and for certain examinations and investigations","url":"\/6.2-908\/","token":"6.2\/II\/8\/12\/6.2-908","metadata":false},{"id":57247,"structure_id":15012,"section_number":"6.2-909","catch_line":"Assessment and payment of fees; lien","url":"\/6.2-909\/","token":"6.2\/II\/8\/12\/6.2-909","metadata":false},{"id":58897,"structure_id":15012,"section_number":"6.2-910","catch_line":"Reduction of fees","url":"\/6.2-910\/","token":"6.2\/II\/8\/12\/6.2-910","metadata":false},{"id":66031,"structure_id":15012,"section_number":"6.2-911","catch_line":"Examination of national banks","url":"\/6.2-911\/","token":"6.2\/II\/8\/12\/6.2-911","metadata":false}],"previous_section":{"id":63130,"structure_id":15012,"section_number":"6.2-906","catch_line":"Disclosure of irregularities; Commission's powers","url":"\/6.2-906\/","token":"6.2\/II\/8\/12\/6.2-906","metadata":false},"next_section":{"id":62085,"structure_id":15012,"section_number":"6.2-908","catch_line":"Fees for supervision and regulation and for certain examinations and investigations","url":"\/6.2-908\/","token":"6.2\/II\/8\/12\/6.2-908","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-907\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 8 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 1966, chapter 584; in 1974, chapter 665; in 1976, chapter 658; in 1977, chapter 257; in 1988, chapter 555; in 1995, chapter 561<\/a>; in 1997, chapters 142<\/a> and 407<\/a>; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":265179,"object_type":"law","relational_id":83204,"identifier":"6.2-907","token":"6.2\/II\/8\/12\/6.2-907","url":"\/6.2-907\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-907\/","token":"6.2\/II\/8\/12\/6.2-907","dublin_core":{"Title":"Reports of condition and other statements","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-907","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Every bank<\/span> shall make to the Commission<\/span> statements of its financial condition at such times as the Commission<\/span> may require. Such statements shall be (i) made in accordance with forms prescribed by the Commission<\/span>, (ii) certified under oath<\/span> by the president or cashier of the bank<\/span>, or, if there is no cashier, by the treasurer, and (iii) attested by at least three of its directors. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The Commission<\/span> shall require all banks<\/span> doing business in the Commonwealth to make the statements described in subsection A, and at the time prescribed. The Commission<\/span> shall prepare such forms as may be necessary to carry out the provisions of this section. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Whenever the Commission<\/span> calls for statements, it shall forward to each such bank<\/span> two forms, one of which, after being properly filled out and certified as required by subsection A, shall be returned to the Commission<\/span> within a time prescribed by the Commission<\/span>. The other form, filled out in like manner, shall be filed with the records of the bank<\/span>. The Commission<\/span> shall allow banks<\/span> to submit such statements electronically. Any bank<\/span> that submits such statements electronically shall maintain a copy of the statement with the required certified signatures affixed. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The Commission<\/span> may require any bank<\/span> to prepare and submit such other reports and material<\/span> as it deems necessary to protect and promote the public interest. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> The Commission<\/span> may impose a civil penalty<\/span> of not less than $100 but not exceeding $1,000 per day for each day of noncompliance upon any bank<\/span> that it determines, in proceedings commenced in accordance with the Commission<\/span>’s Rules, has failed to comply with any of the provisions of this section, for a period of longer than 30 days, after being called upon by the Commission<\/span> for a statement, or to do such other act as is herein provided. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREPORTS OF CONDITION AND OTHER STATEMENTS (\u00a7 6.2-907)\n\nA. Every bank shall make to the Commission statements of its financial condition\nat such times as the Commission may require. Such statements shall be (i) made\nin accordance with forms prescribed by the Commission, (ii) certified under oath\nby the president or cashier of the bank, or, if there is no cashier, by the\ntreasurer, and (iii) attested by at least three of its directors.\n\nB. The Commission shall require all banks doing business in the Commonwealth to\nmake the statements described in subsection A, and at the time prescribed. The\nCommission shall prepare such forms as may be necessary to carry out the\nprovisions of this section.\n\nC. Whenever the Commission calls for statements, it shall forward to each such\nbank two forms, one of which, after being properly filled out and certified as\nrequired by subsection A, shall be returned to the Commission within a time\nprescribed by the Commission. The other form, filled out in like manner, shall\nbe filed with the records of the bank. The Commission shall allow banks to\nsubmit such statements electronically. Any bank that submits such statements\nelectronically shall maintain a copy of the statement with the required\ncertified signatures affixed.\n\nD. The Commission may require any bank to prepare and submit such other reports\nand material as it deems necessary to protect and promote the public interest.\n\nE. The Commission may impose a civil penalty of not less than $100 but not\nexceeding $1,000 per day for each day of noncompliance upon any bank that it\ndetermines, in proceedings commenced in accordance with the Commission’s\nRules, has failed to comply with any of the provisions of this section, for a\nperiod of longer than 30 days, after being called upon by the Commission for a\nstatement, or to do such other act as is herein provided.\n\nHISTORY: Code 1950, \u00a7\u00a7 6-105, 6-128; 1966, c. 584, \u00a7\u00a7 6.1-93, 6.1-114; 1974,\nc. 665; 1976, c. 658; 1977, c. 257; 1988, c. 555; 1995, c. 561; 1997, cc. 142,\n407; 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}}