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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>80270</law_id><section_number>6.2-2038</section_number><catch_line>Annual fees</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="20.1">Debt Settlement Services Providers</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> To defray the costs of the examination, supervision, and regulation of <span class="dictionary">licensees</span>, every <span class="dictionary">licensee</span> under this chapter shall pay an annual fee calculated in accordance with a schedule set by the <span class="dictionary">Commission</span>. The schedule shall bear a reasonable relationship to the total number of agreements to provide <span class="dictionary">debt settlement services</span> maintained by <span class="dictionary">licensees</span>, to the actual costs of their examinations, and to other factors relating to their supervision and regulation. All such fees shall be assessed on or before June 1 for every calendar year. All such fees shall be paid by the <span class="dictionary">licensee</span> to the State Treasurer on or before July 1 following each assessment. <a id="paragraph-287352" class="section-permalink" href="https://vacode.org/6.2-2038/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> In addition to the annual fee prescribed in subsection A, when it becomes necessary to examine or investigate the books and records of a <span class="dictionary">licensee</span> under this chapter at a location outside the Commonwealth, the <span class="dictionary">licensee</span> shall be liable for and shall pay to the <span class="dictionary">Commission</span> within 30 days of the presentation of an itemized statement the actual travel and reasonable living expenses incurred on account of its examination, supervision, and regulation, or shall pay at a reasonable per diem rate approved by the <span class="dictionary">Commission</span>. <a id="paragraph-287353" class="section-permalink" href="https://vacode.org/6.2-2038/#B"><i class="fa fa-link"/></a></p></section></text><history>2020, c. 785.</history><metadata></metadata></law>
