                                 CODE OF VIRGINIA

ANNUAL FEES (§ 6.2-2038)

A. To defray the costs of the examination, supervision, and regulation of
licensees, every licensee under this chapter shall pay an annual fee calculated
in accordance with a schedule set by the Commission. The schedule shall bear a
reasonable relationship to the total number of agreements to provide debt
settlement services maintained by licensees, to the actual costs of their
examinations, and to other factors relating to their supervision and regulation.
All such fees shall be assessed on or before June 1 for every calendar year. All
such fees shall be paid by the licensee to the State Treasurer on or before July
1 following each assessment.

B. In addition to the annual fee prescribed in subsection A, when it becomes
necessary to examine or investigate the books and records of a licensee under
this chapter at a location outside the Commonwealth, the licensee shall be
liable for and shall pay to the Commission within 30 days of the presentation of
an itemized statement the actual travel and reasonable living expenses incurred
on account of its examination, supervision, and regulation, or shall pay at a
reasonable per diem rate approved by the Commission.

HISTORY: 2020, c. 785.