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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>83828</law_id><section_number>6.2-947</section_number><catch_line>Definitions</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>6.2-818.1</reference></referred_to_by><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="8">Banks</unit><unit label="article" level="4" order_by="1" identifier="16">Voluntary Regulatory Self-Assessments</unit></structure><text>
						<section><p>As used in this article, unless the context requires a different meaning:
		&#x201C;Bank&#x201D; has the same meaning ascribed to the term in &#xA7;&#xA0;<a class="law" title="Definitions" href="/6.2-800/">6.2-800</a> and includes any <span class="dictionary">bank holding company</span>, affiliates, and subsidiaries of a bank.
		&#x201C;<span class="dictionary">Bank regulator</span>&#x201D; means any state, federal, or municipal governmental agency, <span class="dictionary">bureau</span>, <span class="dictionary">commission</span>, office, or other governmental <span class="dictionary">entity</span> charged with the regulation or supervision of a bank or the regulation or supervision of any activity in which a bank may be engaged. &#x201C;<span class="dictionary">Bank regulator</span>&#x201D; includes the Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Consumer Financial Protection <span class="dictionary">Bureau</span>, the Federal Trade <span class="dictionary">Commission</span>, and the <span class="dictionary">Bureau</span>.
		&#x201C;Self-assessment&#x201D; means (i) a bank&#x2019;s voluntary, self-initiated internal assessment, audit, or review of the bank and its practices, policies, and procedures or (ii) a bank&#x2019;s voluntary, self-initiated assessment, audit, or review of the practices, policies, and procedures of a <span class="dictionary">person</span> acting under <span class="dictionary">contract</span>, directly or indirectly, as the bank&#x2019;s service provider, including mortgage servicers and sub-servicers, credit and debit card processors, and providers of loan document systems.
		&#x201C;<span class="dictionary">Self-assessment report</span>&#x201D; means any document, including any audit, report, <span class="dictionary">finding</span>, communication, or <span class="dictionary">opinion</span> or any draft of an audit, report, <span class="dictionary">finding</span>, communication, or <span class="dictionary">opinion</span>, prepared by internal personnel or by outside attorneys, accountants, or consultants as a part of or in connection with a self-assessment that is made in good faith.</p></section></text><history>2013, cc. 32, 148.</history><metadata></metadata></law>
