                                 CODE OF VIRGINIA

INVESTIGATION ON RECEIPT OF APPLICATION (§ 22.1-289.013)

Upon receipt of the application, the Superintendent shall cause an investigation
to be made of the activities, services, and facilities of the applicant and of
his character and reputation or, if the applicant is an association,
partnership, limited liability company, or corporation, the character and
reputation of its officers and agents, and upon receipt of the initial
application, an investigation of the applicant&#8217;s financial responsibility.
The financial records of an applicant shall not be subject to inspection if the
applicant submits an operating budget and at least one credit reference. The
character and reputation investigation upon application shall include background
checks pursuant to § 22.1-289.036. Records that contain confidential
proprietary information furnished to the Department pursuant to this section
shall be exempt from disclosure pursuant to subdivision 4 of § 2.2-3705.5.

HISTORY: 2020, cc. 860, 861.