Supervision

This is the 2025 edition of the code. There is not the current edition. Browse all editions.

This is Article 9 of the Code of Virginia, titled “Supervision.” It is part of Chapter 11 “Savings Institutions”, which is part of Subtitle II “Depository Institutions and Trust Organizations”, which is part of Title 6.2 “Financial Institutions and Services”.

It’s comprised of the following 15 sections.

§ 6.2-1191	General supervisory powers of Commission
§ 6.2-1192	Regulations
§ 6.2-1193	Statements to be furnished by Commission to directors of savings institutions
§ 6.2-1194	State savings institutions to furnish financial statements and reports
§ 6.2-1195	Examination of state savings institutions and affiliates by Commissioner; report of examination
§ 6.2-1196	Access to books and evidence of debt; examination of directors, officers, and employees under oath
§ 6.2-1197	False statements; penalty
§ 6.2-1198	Audits
§ 6.2-1199	Powers of Commission in case of nonobservance of law, noncompliance with orders, insufficient reserves or insolvency; appointment of Federal Deposit Insurance Corporation as receiver
§ 6.2-1200	Removal of director or officer; appeal; penalty for acting after removal
§ 6.2-1201	Special examinations
§ 6.2-1202	Fees for supervision and regulation; investigations
§ 6.2-1203	Examination of persons believed to be doing business without authority; doing business without authority; penalty
§ 6.2-1204	Compliance by savings institution holding companies with federal regulations constitutes compliance with Commission regulations
§ 6.2-1205	Merger, consolidation or transfer of assets of insolvent or financially unstable savings institution; notice and hearing; final order; priorities; examinations of resulting institutions