{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-908.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-908.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-908.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-908.html"}],"law_id":62085,"edition_id":1,"section_id":62085,"structure_id":15012,"section_number":"6.2-908","catch_line":"Fees for supervision and regulation and for certain examinations and investigations","history":"Code 1950, \u00a7 6-122; 1956, c. 176; 1966, c. 584, \u00a7 6.1-94; 1972, c. 195; 1973, c. 401; 1974, c. 184; 1976, cc. 554, 658; 1981, c. 520; 1982, c. 455; 1987, c. 172; 1992, c. 283; 1997, c. 141; 1998, c. 19; 2010, c. 794.","full_text":"A\n\nFor the purpose of defraying the expenses of supervision and regulation of banks, the Commission shall assess against each bank an annual fee. A bank’s annual fee shall be calculated according to a schedule set by the Commission. The schedule shall bear a reasonable relationship to the assets of various individual banks and to other factors relating to their respective costs for supervision, regulation, and examination.B\n\nThe Commission shall also charge additional fees:1\n\nOf $330 per day per examiner during examinations for the supervision and regulation of trust departments;2\n\nOf $10,000 for investigating an application for a certificate of authority pursuant to § 6.2-816;3\n\nOf $1,800 for investigating an application for authority to establish a branch pursuant to § 6.2-831 or a facility pursuant to § 6.2-835;4\n\nOf $7,500 for investigating an application of merger. The Commission shall not be entitled to any further fees for investigating any application to retain existing branches of the applying banks as branches of the merged bank;5\n\nOf $1,000 for investigating an application for authority to change the location of an existing bank or branch bank; and6\n\nOf $2,000 for investigating an application for authority to exercise trust powers.C\n\nNotwithstanding the designation of the fees set forth in subdivisions B 1 through B 6, the Commission may reduce by regulation or order any fee, if the Commission concludes that there is a reasonable basis for doing so and that the reduction of the fee will not be detrimental to the effectiveness of the Bureau.","order_by":null,"text":{"0":{"id":226556,"text":"For the purpose of defraying the expenses of supervision and regulation of banks, the Commission shall assess against each bank an annual fee. A bank’s annual fee shall be calculated according to a schedule set by the Commission. The schedule shall bear a reasonable relationship to the assets of various individual banks and to other factors relating to their respective costs for supervision, regulation, and examination.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":226557,"text":"The Commission shall also charge additional fees:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":226558,"text":"Of $330 per day per examiner during examinations for the supervision and regulation of trust departments;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":226559,"text":"Of $10,000 for investigating an application for a certificate of authority pursuant to § 6.2-816;","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":226560,"text":"Of $1,800 for investigating an application for authority to establish a branch pursuant to § 6.2-831 or a facility pursuant to § 6.2-835;","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"B4"},"5":{"id":226561,"text":"Of $7,500 for investigating an application of merger. The Commission shall not be entitled to any further fees for investigating any application to retain existing branches of the applying banks as branches of the merged bank;","type":"section","prefixes":["B","4"],"prefix":"4","entire_prefix":"B4","prefix_anchor":"B4","level":2,"prior_prefix":"B3","next_prefix":"B5"},"6":{"id":226562,"text":"Of $1,000 for investigating an application for authority to change the location of an existing bank or branch bank; and","type":"section","prefixes":["B","5"],"prefix":"5","entire_prefix":"B5","prefix_anchor":"B5","level":2,"prior_prefix":"B4","next_prefix":"B6"},"7":{"id":226563,"text":"Of $2,000 for investigating an application for authority to exercise trust powers.","type":"section","prefixes":["B","6"],"prefix":"6","entire_prefix":"B6","prefix_anchor":"B6","level":2,"prior_prefix":"B5","next_prefix":"C"},"8":{"id":226564,"text":"Notwithstanding the designation of the fees set forth in subdivisions B 1 through B 6, the Commission may reduce by regulation or order any fee, if the Commission concludes that there is a reasonable basis for doing so and that the reduction of the fee will not be detrimental to the effectiveness of the Bureau.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B6"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-908\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 13 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 1956, chapter 176; in 1966, chapter 584; in 1972, chapter 195; in 1973, chapter 401; in 1974, chapter 184; in 1976, chapters 554 and 658; in 1981, chapter 520; in 1982, chapter 455; in 1987, chapter 172; in 1992, chapter 283; in 1997, chapter 141<\/a>; in 1998, chapter 19<\/a>; in 2010, chapter 794<\/a>.<\/p>","references":[{"id":81788,"section_number":"6.2-102","catch_line":"Use of funds collected under this title","order_by":null,"url":"\/6.2-102\/"},{"id":55953,"section_number":"6.2-1066","catch_line":"Interstate trust offices by Virginia state banks","order_by":null,"url":"\/6.2-1066\/"},{"id":58574,"section_number":"6.2-831","catch_line":"Establishment of branch banks; redesignation of main office","order_by":null,"url":"\/6.2-831\/"},{"id":73573,"section_number":"6.2-837","catch_line":"Interstate branching by Virginia state banks","order_by":null,"url":"\/6.2-837\/"},{"id":75360,"section_number":"6.2-850","catch_line":"Authority to branch outside the Commonwealth by merger","order_by":null,"url":"\/6.2-850\/"},{"id":74671,"section_number":"6.2-886","catch_line":"Regulation of controlled subsidiary corporations by Commission","order_by":null,"url":"\/6.2-886\/"},{"id":57247,"section_number":"6.2-909","catch_line":"Assessment and payment of fees; lien","order_by":null,"url":"\/6.2-909\/"},{"id":58897,"section_number":"6.2-910","catch_line":"Reduction of fees","order_by":null,"url":"\/6.2-910\/"}],"refers_to":[{"id":72786,"section_number":"6.2-816","catch_line":"Banks to obtain certificate of authority","order_by":null,"url":"\/6.2-816\/"},{"id":58574,"section_number":"6.2-831","catch_line":"Establishment of branch banks; redesignation of main office","order_by":null,"url":"\/6.2-831\/"},{"id":59694,"section_number":"6.2-835","catch_line":"Banking facilities in certain hospitals or federal areas","order_by":null,"url":"\/6.2-835\/"}],"permalink":{"id":265183,"object_type":"law","relational_id":62085,"identifier":"6.2-908","token":"6.2\/II\/8\/12\/6.2-908","url":"\/6.2-908\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-908\/","token":"6.2\/II\/8\/12\/6.2-908","dublin_core":{"Title":"Fees for supervision and regulation and for certain examinations and investigations","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-908","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> For the purpose of defraying the expenses of supervision and regulation of banks<\/span>, the Commission<\/span> shall assess against each bank<\/span> an annual fee. A bank<\/span>’s annual fee shall be calculated according to a schedule set by the Commission<\/span>. The schedule shall bear a reasonable relationship to the assets<\/span> of various individual banks<\/span> and to other factors relating to their respective costs for supervision, regulation, and examination. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The Commission<\/span> shall also charge additional fees: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Of $330 per day per examiner during examinations for the supervision and regulation of trust departments; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Of $10,000 for investigating an application for a certificate of authority pursuant to § 6.2-816<\/a>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Of $1,800 for investigating an application for authority to establish a branch pursuant to § 6.2-831<\/a> or a facility pursuant to § 6.2-835<\/a>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Of $7,500 for investigating an application of merger. The Commission<\/span> shall not be entitled to any further fees for investigating any application to retain existing branches of the applying banks<\/span> as branches of the merged bank<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Of $1,000 for investigating an application for authority to change the location of an existing bank<\/span> or branch bank<\/span>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Of $2,000 for investigating an application for authority to exercise trust powers. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Notwithstanding the designation of the fees set forth in subdivisions B 1 through B 6, the Commission<\/span> may reduce by regulation or order<\/span> any fee, if the Commission<\/span> concludes that there is a reasonable basis for doing so and that the reduction of the fee will not be detrimental to the effectiveness of the Bureau<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFEES FOR SUPERVISION AND REGULATION AND FOR CERTAIN EXAMINATIONS AND\nINVESTIGATIONS (\u00a7 6.2-908)\n\nA. For the purpose of defraying the expenses of supervision and regulation of\nbanks, the Commission shall assess against each bank an annual fee. A\nbank’s annual fee shall be calculated according to a schedule set by the\nCommission. The schedule shall bear a reasonable relationship to the assets of\nvarious individual banks and to other factors relating to their respective costs\nfor supervision, regulation, and examination.\n\nB. The Commission shall also charge additional fees:\n\n 1. Of $330 per day per examiner during examinations for the supervision and\n regulation of trust departments;\n\n 2. Of $10,000 for investigating an application for a certificate of authority\n pursuant to § 6.2-816;\n\n 3. Of $1,800 for investigating an application for authority to establish a\n branch pursuant to § 6.2-831 or a facility pursuant to § 6.2-835;\n\n 4. Of $7,500 for investigating an application of merger. The Commission shall\n not be entitled to any further fees for investigating any application to\n retain existing branches of the applying banks as branches of the merged bank;\n\n 5. Of $1,000 for investigating an application for authority to change the\n location of an existing bank or branch bank; and\n\n 6. Of $2,000 for investigating an application for authority to exercise trust\n powers.\n\nC. Notwithstanding the designation of the fees set forth in subdivisions B 1\nthrough B 6, the Commission may reduce by regulation or order any fee, if the\nCommission concludes that there is a reasonable basis for doing so and that the\nreduction of the fee will not be detrimental to the effectiveness of the Bureau.\n\nHISTORY: Code 1950, \u00a7 6-122; 1956, c. 176; 1966, c. 584, \u00a7 6.1-94; 1972, c.\n195; 1973, c. 401; 1974, c. 184; 1976, cc. 554, 658; 1981, c. 520; 1982, c. 455;\n1987, c. 172; 1992, c. 283; 1997, c. 141; 1998, c. 19; 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}}