                                 CODE OF VIRGINIA

(REPEALED EFFECTIVE JULY 1, 2026) INVESTIGATIONS; EXAMINATIONS; REPORTING
VIOLATIONS. (§ 6.2-1910)

A. The Commission shall have authority to investigate and examine the affairs,
business, premises, books, and records of all money order sellers and money
transmitters and their authorized delegates. Except as provided herein, the
Commission shall make an examination of each licensee at least once in every
three-year period and shall adjust the surety bond or alternative security
device as it may deem necessary in accordance with &#xA7; 6.2-1904. The
Commission may also examine any authorized delegate of a licensee as often as it
is deemed to be in the public interest. Examinations under this section may be
conducted in conjunction with examinations to be performed by representatives of
agencies of the federal government or another state. The Commission, in lieu of
an examination, may accept the examination report of the federal government or
another state.

B. Any person designated by the Commission to make investigations or
examinations pursuant to this section shall have authority to (i) administer
oaths; (ii) examine under oath in the course of such investigations or
examinations, the principals, members, owners, officers, directors, partners,
and employees of any person required to be licensed by this chapter or such
person&#8217;s authorized delegates; and (iii) compel the production of
documents. The principals, members, owners, officers, directors, partners, and
employees of any person being investigated or examined shall, upon demand of the
person making such investigation or examination, afford full access to all
premises, books, records, and information that the person making such
investigation or examination deems necessary.

C. The Commission shall report violations of the licensing requirements of
&#xA7; 6.2-1901 to the attorney for the Commonwealth of the city or county in
which such violation occurs.

HISTORY: 1974, c. 578, § 6.1-375; 1976, c. 531; 1990, c. 259; 1994, c. 889;
2001, c. 372; 2009, c. 346; 2010, c. 794; 2014, c. 454; 2025, c. 214.