                                 CODE OF VIRGINIA

CEASE AND DESIST ORDERS (§ 6.2-2019)

A. If the Commission determines that any person has violated any provision of
this chapter or any regulation adopted hereunder, 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. If a hearing is requested, the Commission shall not issue
a cease and desist order except based upon findings made at such hearing. Such
hearing shall be conducted in accordance with the Commission&#8217;s Rules. The
Commission may enforce compliance with any 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 without
prior hearing. In such cases, the Commission shall make a hearing available to
the person on an expedited basis.

C. 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 obtains money or funds from a consumer for transmission to
the consumer&#8217;s creditors.

HISTORY: 2004, c. 790, § 6.1-363.21; 2010, c. 794.