                                 CODE OF VIRGINIA

REGULATIONS (§ 6.2-1192)

A. The Commission may adopt such regulations as it deems appropriate to effect
the purposes of this chapter. Before adopting any regulation, the Commission
shall give reasonable notice of its content and shall afford interested parties
an opportunity to present evidence and be heard, in accordance with the
Commission&#8217;s Rules.

B. The Commission may adopt such regulations as may be necessary to permit state
savings institutions to have powers comparable with those of federal savings
institutions, regardless of any then existing statute, regulation or court
decision limiting or denying such powers to state savings institutions. The
requirement of a public hearing shall not automatically apply to regulations
adopted under this subsection, but the Commission may have such hearing as it
deems appropriate.

C. The Commission may adopt regulations governing savings institution holding
companies doing business in the Commonwealth, including the activities of such
companies and their subsidiaries.

D. The Commissioner shall publish and mail to each state savings institution and
foreign savings institution doing business in the Commonwealth a copy of all
regulations of the Commission in effect pertaining to such savings institutions
at such times as he may deem proper.

E. Regulations adopted by the Commission shall continue in effect until amended
or revoked by the Commission or superseded by action of the General Assembly.

HISTORY: 1972, c. 796, § 6.1-195.72; 1985, c. 425, §§ 6.1-194.74, 6.1-194.75,
6.1-194.76, 6.1-194.87; 1990, c. 3; 1991, c. 230, §§ 6.1-194.140, 6.1-194.141,
6.1-194.142; 1996, c. 16; 2010, c. 794.