Money Transmitters This is the 2025 edition of the code. There is not the current edition. Browse all editions.
This is Chapter 19.1 of the Code of Virginia, titled “Money Transmitters.” It is part of Subtitle III “Other Regulated Providers of Financial Services”, which is part of Title 6.2 “Financial Institutions and Services”.
It’s comprised of the following 36 sections.
§ 6.2-1922 (Effective July 1, 2026) Definitions
§ 6.2-1923 (Effective July 1, 2026) Exemptions
§ 6.2-1924 (Effective July 1, 2026) Implementation
§ 6.2-1925 (Effective July 1, 2026) Regulations
§ 6.2-1926 (Effective July 1, 2026) Supervision
§ 6.2-1927 (Effective July 1, 2026) Networked supervision
§ 6.2-1928 (Effective July 1, 2026) Relationship to federal law
§ 6.2-1929 (Effective July 1, 2026) License required
§ 6.2-1930 (Effective July 1, 2026) Consistent state licensing
§ 6.2-1931 (Effective July 1, 2026) Application for license
§ 6.2-1932 (Effective July 1, 2026) Information required for certain individuals
§ 6.2-1933 (Effective July 1, 2026) Issuance of license
§ 6.2-1934 (Effective July 1, 2026) License renewal
§ 6.2-1935 (Effective July 1, 2026) Maintenance of license
§ 6.2-1936 (Effective July 1, 2026) Acquisition of control
§ 6.2-1937 (Effective July 1, 2026) Change of key individual; notice and required information
§ 6.2-1938 (Effective July 1, 2026) Report of condition
§ 6.2-1939 (Effective July 1, 2026) Audited financials
§ 6.2-1940 (Effective July 1, 2026) Authorized delegate reporting
§ 6.2-1941 (Effective July 1, 2026) Reports of certain events
§ 6.2-1942 (Effective July 1, 2026) Reports required by federal law
§ 6.2-1943 (Effective July 1, 2026) Records
§ 6.2-1944 (Effective July 1, 2026) Relationship between licensee and authorized delegate; prohibited activities
§ 6.2-1945 (Effective July 1, 2026) Timely transmission
§ 6.2-1946 (Effective July 1, 2026) Refunds
§ 6.2-1947 (Effective July 1, 2026) Receipts
§ 6.2-1948 (Effective July 1, 2026) Notice
§ 6.2-1949 (Effective July 1, 2026) Payroll processing services
§ 6.2-1950 (Effective July 1, 2026) Net worth
§ 6.2-1951 (Effective July 1, 2026) Surety bond
§ 6.2-1952 (Effective July 1, 2026) Maintenance of permissible investments
§ 6.2-1953 (Effective July 1, 2026) Permissible investments
§ 6.2-1954 (Effective July 1, 2026) Suspension or revocation of license
§ 6.2-1955 (Effective July 1, 2026) Civil penalties
§ 6.2-1956 (Effective July 1, 2026) Cease and desist orders
§ 6.2-1957 (Effective July 1, 2026) Criminal penalty