                                 CODE OF VIRGINIA

(REPEALED EFFECTIVE JULY 1, 2026) CEASE AND DESIST ORDERS. (§ 6.2-1909)

A. If the Commission determines that (i) any person has violated any provision
of this chapter or any regulation adopted hereunder or (ii) a licensee is
engaging in one or more unsafe or unsound practices, the Commission may, upon 21
days&#8217; notice in writing, order such person 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 such person or
other address authorized under &#xA7; 12.1-19.1 and shall state the grounds for
the contemplated action. Within 14 days of mailing the notice, the person or
persons named therein may file with the clerk of the Commission a written
request for a hearing. The Commission may enforce compliance with any such order
issued under this section by imposition and collection of such fines and
penalties as may be prescribed by law.

B. When, in the opinion of the Commission, immediate action is required to
protect the public interest, a cease and desist order may be issued immediately
without prior hearing. In such cases, the Commission shall make a hearing
available to the person on an expedited basis.

C. If required to conserve the assets of a licensee or protect the public
interest, the Commission may order a licensee and its authorized delegates to
cease and desist from selling additional money orders or receiving additional
funds for transmission.

D. The Commission shall have jurisdiction to enter and enforce a cease and
desist order against any person, regardless of whether such person is present in
the Commonwealth, who directly or indirectly (i) sells money orders to citizens
of the Commonwealth or (ii) obtains money or control over such citizens&#8217;
funds for transmission.

HISTORY: 2009, c. 346, § 6.1-374.2; 2010, c. 794; 2025, c. 214.