                                 CODE OF VIRGINIA

CEASE AND DESIST ORDERS (§ 6.2-1419)

If the Commission determines that any association has violated any provision of
this chapter or any regulation adopted pursuant thereto, the Commission may,
upon 21 days&#8217; notice in writing, order the association to cease and desist
from such practices and to comply with the provisions of this chapter. The
notice shall be sent by certified mail to the principal place of business of the
association and shall state the grounds for the contemplated action. Within 14
days of mailing the notice, the association may file with the clerk of the
Commission a written request for a hearing. If a hearing is so requested, the
Commission shall not issue a cease and desist order prior to such hearing. The
Commission may enforce compliance with any such order by imposition and
collection of such fines and penalties as may be prescribed by Commission
regulations, or by revocation of the association&#8217;s authority to do
business in accordance with §§ 6.2-1418 and 6.2-1420.

HISTORY: 1993, c. 419, § 6.1-237.9; 2010, c. 794.