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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>69147</law_id><section_number>6.2-1911</section_number><catch_line>(Repealed effective July 1, 2026) Conduct of business through authorized delegates of licensee.</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="19">Money Order Sellers and Money Transmitters</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A <span class="dictionary">licensee</span> may conduct its business through or by means of such <span class="dictionary">authorized delegates</span> as the <span class="dictionary">licensee</span> may designate or appoint under a written agreement with such <span class="dictionary">authorized delegates</span>. The agreement between a <span class="dictionary">licensee</span> and an <span class="dictionary">authorized delegate</span> shall (i) require the <span class="dictionary">authorized delegate</span> to comply with the provisions of this chapter and all other applicable state and federal <span class="dictionary">laws</span> and regulations; (ii) require the <span class="dictionary">authorized delegate</span> to remit all sums owing to the <span class="dictionary">licensee</span> in accordance with the terms of the written agreement; (iii) require the <span class="dictionary">authorized delegate</span> to permit the <span class="dictionary">Commission</span> to investigate or examine its business pursuant to &#xA7; <a class="law" title="(Repealed effective July 1, 2026) Investigations; examinations; reporting violations." href="/6.2-1910/">6.2-1910</a>; and (iv) prohibit the <span class="dictionary">authorized delegate</span> from using a subdelegate, or from otherwise designating or appointing another <span class="dictionary">person</span> to sell <span class="dictionary">money orders</span> or engage in <span class="dictionary">money transmission</span> business on behalf of the <span class="dictionary">licensee</span>. <a id="paragraph-250220" class="section-permalink" href="https://vacode.org/6.2-1911/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> A <span class="dictionary">licensee</span> shall conduct a due diligence review of all new <span class="dictionary">authorized delegates</span>. A <span class="dictionary">licensee</span> shall be responsible for implementing and maintaining a reasonable risk-based supervision program to monitor its <span class="dictionary">authorized delegates</span>. <a id="paragraph-250221" class="section-permalink" href="https://vacode.org/6.2-1911/#B"><i class="fa fa-link"/></a></p></section></text><history>1974, c. 578, &#xA7; 6.1-377; 1994, c. 889; 2001, c. 372; 2009, c. 346; 2010, c. 794; 2025, c. 214.</history><metadata></metadata></law>
