                                 CODE OF VIRGINIA

(EFFECTIVE JULY 1, 2026) IMPLEMENTATION (§ 6.2-1924)

A. In order to carry out the purposes of this chapter, the Commission may:

   1. Enter into agreements or relationships with other government officials or
   federal and state regulatory agencies and regulatory associations in order to
   improve efficiencies and reduce regulatory burden by standardizing methods or
   procedures, and sharing resources, records, or related information obtained
   under this chapter;

   2. Use, hire, contract, or employ analytical systems, methods, or software to
   examine or investigate any person subject to this chapter;

   3. Accept, from other state or federal government agencies or officials,
   licensing, examination, or investigation reports made by such other state or
   federal government agencies or officials; and

   4. Accept audit reports made by an independent certified public accountant or
   other qualified third-party auditor for an applicant or licensee and
   incorporate the audit report in any report of examination or investigation.

B. In addition to the authority provided elsewhere in this chapter, the
Commission shall have the broad administrative authority to administer,
interpret, and enforce this chapter and to recover the cost of administering and
enforcing this chapter by imposing and collecting proportionate and equitable
fees and costs associated with applications, examinations, investigations, and
other actions required to achieve the purpose of this chapter.

HISTORY: 2025, c. 214.