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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>85973</law_id><section_number>6.2-1421</section_number><catch_line>Civil penalties</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="III">Other Regulated Providers of Financial Services</unit><unit label="chapter" level="3" order_by="1" identifier="14">Industrial Loan Associations</unit></structure><text>
						<section><p>In addition to the authority conferred upon the <span class="dictionary">Commission</span> by other provisions of this chapter, the <span class="dictionary">Commission</span> may impose a civil <span class="dictionary">penalty</span> not exceeding $1,000 upon any <span class="dictionary">association</span> which it determines, in proceedings commenced in accordance with the <span class="dictionary">Commission</span>&#x2019;s Rules, has violated any of the provisions of this chapter or regulations adopted pursuant thereto. For the purposes of this section, each separate violation shall constitute a separate <span class="dictionary">offense</span>.</p></section></text><history>1993, c. 419, &#xA7; 6.1-237.11; 2010, c. 794.</history><metadata></metadata></law>
