                                 CODE OF VIRGINIA

ENGAGING IN BANKING BUSINESS WITHOUT AUTHORITY; COMMISSION MAY EXAMINE ACCOUNTS
OF SUSPECTED PERSON; PENALTY (§ 6.2-938)

A. Every person who trades or deals as a bank, or carries on banking, without
authority of law, and their officers and agents, is guilty of a Class 6 felony.

B. The Commission shall have authority to examine the accounts, books, and
papers of any person who it has reason to suspect is doing a banking business,
in order to ascertain whether such person has violated, or is violating, any
provision of this title. The refusal to submit such accounts, books, and papers
shall be prima facie evidence of such violation.

HISTORY: Code 1950, § 6-133; 1966, c. 584, § 6.1-111; 1992, c. 136; 1994, c.
7; 2010, c. 794.