                                 CODE OF VIRGINIA

COOPERATIVE AGREEMENTS; ASSESSMENT OF FEES (§ 6.2-856)

A. The Commission may enter into cooperative agreements with the appropriate
state bank supervisors and federal banking agencies for the examination of any
branch in the Commonwealth of an out-of-state state bank, or any branch of a
Virginia state bank in any host state, and may accept such agencies&#8217;
reports of examination and reports of investigation in lieu of conducting its
own examinations or investigations. The Commission may enter into joint actions
with other state bank supervisors and federal banking agencies having concurrent
jurisdiction over any branch of an out-of-state state bank or any branch of a
Virginia state bank, or may take such actions independently to carry out its
responsibilities under this article and to assure compliance with the laws of
the Commonwealth.

B. Out-of-state state banks may be assessed and, if assessed, shall pay
supervisory and examination fees in accordance with the laws of the Commonwealth
and regulations of the Commission. Such fees may be shared with other state and
federal regulators in accordance with agreements between them and the
Commission.

HISTORY: 1995, c. 301, § 6.1-44.22; 2010, c. 794.