                                 CODE OF VIRGINIA

CIVIL PENALTIES; INJUNCTION (§ 6.2-711)

A. To the extent provided for therein, the Commission may impose a civil penalty
of not less than $100 but not exceeding $1,000 per day for each day of
noncompliance upon financial institution holding companies subject to the laws
of the Commonwealth that fail to comply with any of the provisions of &#xA7;
6.2-707 for a period of longer than 30 days, after being called upon by the
Commission for a statement, or to do such other act as is therein provided. The
Commission may impose a civil penalty of not less than $25 but not exceeding
$100 per day for each day of noncompliance upon any officer of any such
financial institution holding company, who shall refuse to give any examiner the
information or refuse to be sworn, as required by this title.

B. The Commission (i) may impose a civil penalty not exceeding $10,000 against
any financial institution holding company subject to the laws of the
Commonwealth or against any of its directors, officers, or employees for
violating any lawful order of the Commission and (ii) may remove from office any
director or officer who a second time violates any such order. In all cases the
defendant shall have an opportunity to be heard and to introduce evidence, and
the right to appeal as provided by law.

C. Any person violating any provision of this chapter or any regulation adopted
thereunder shall be subject to injunction by the Commission or by an appropriate
court on motion of any party in interest. In addition, the Commission may impose
a civil penalty of not more than $1,000 per day for each day the violation
continues upon any person violating any provision of this chapter or any
regulation adopted thereunder.

HISTORY: 1978, c. 683, § 6.1-388; 1983, c. 194; 2010, c. 794.