CODE OF VIRGINIA

DEFINITIONS (§ 6.2-947)

As used in this article, unless the context requires a different
meaning:”Bank”  has the same meaning ascribed to the term in §
6.2-800 and includes any bank holding company, affiliates, and subsidiaries of a
bank.”Bank regulator”  means any state, federal, or municipal
governmental agency, bureau, commission, office, or other governmental entity
charged with the regulation or supervision of a bank or the regulation or
supervision of any activity in which a bank may be engaged. “Bank
regulator” includes the Office of the Comptroller of the Currency, the
Federal Reserve Board, the Federal Deposit Insurance Corporation, the Consumer
Financial Protection Bureau, the Federal Trade Commission, and the
Bureau.”Self-assessment”  means (i) a bank’s voluntary,
self-initiated internal assessment, audit, or review of the bank and its
practices, policies, and procedures or (ii) a bank’s voluntary,
self-initiated assessment, audit, or review of the practices, policies, and
procedures of a person acting under contract, directly or indirectly, as the
bank’s service provider, including mortgage servicers and sub-servicers,
credit and debit card processors, and providers of loan document
systems.”Self-assessment report” means any document, including any
audit, report, finding, communication, or opinion or any draft of an audit,
report, finding, communication, or opinion, prepared by internal personnel or by
outside attorneys, accountants, or consultants as a part of or in connection
with a self-assessment that is made in good faith.

HISTORY: 2013, cc. 32, 148.