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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>62949</law_id><section_number>6.2-1198</section_number><catch_line>Audits</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="6.2">Financial Institutions and Services</unit><unit label="subtitle" level="2" order_by="1" identifier="II">Depository Institutions and Trust Organizations</unit><unit label="chapter" level="3" order_by="1" identifier="11">Savings Institutions</unit><unit label="article" level="4" order_by="1" identifier="9">Supervision</unit></structure><text>
						<section><p>The <span class="dictionary">Commission</span> may require a <span class="dictionary">savings institution</span> doing business in the Commonwealth to have an audit made of its books, records and methods of operation, whenever it appears to the <span class="dictionary">Commission</span> that the system of internal controls is not adequate or that the <span class="dictionary">savings institution</span> is engaging in dangerously unsound practices or that the financial condition of the institution makes it necessary.</p></section></text><history>Code 1950, &#xA7; 6-201.58; 1960, c. 402; 1966, c. 584, &#xA7; 6.1-188; 1972, c. 796, &#xA7; 6.1-195.68; 1985, c. 425, &#xA7; 6.1-194.82; 1991, c. 230, &#xA7; 6.1-194.148; 2010, c. 794.</history><metadata></metadata></law>
