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Virginia Administrative Code
Title 10. Finance And Financial Institutions
Agency 5. State Corporation Commission
Chapter 120. Money Transmitters
10/4/2026

10VAC5-120-100. Commission authority.

A. Except as otherwise provided in § 6.2-1927 B of the Code of Virginia, the commission may, at its discretion, waive or grant exceptions to any provision of this chapter for good cause shown.

B. In addition to the powers and duties delegated elsewhere in this chapter and in 10VAC5-10-10, the commission delegates to the commissioner the authority to exercise its powers and to act for it under the following provisions of Chapter 19.1:

1. Section 6.2-1924 A of the Code of Virginia.

2. Section 6.2-1927 A 2 of the Code of Virginia.

3. Section 6.2-1936 M 2, N, and O of the Code of Virginia.

4. Section 6.2-1937 B and E of the Code of Virginia.

5. Section 6.2-1938 A of the Code of Virginia.

6. Section 6.2-1939 C of the Code of Virginia.

7. Section 6.2-1951 E of the Code of Virginia.

In exercising the powers and performing the duties hereby delegated to the commissioner, the commissioner shall have the power and authority to make all findings and determinations permitted or required by law.

Statutory Authority

§§ 6.2-1913 and 12.1-13 of the Code of Virginia.

Historical Notes

Derived from Virginia Register Volume 31, Issue 12, eff. February 15, 2015; amended, Virginia Register Volume 43, Issue 4, eff. October 1, 2026.

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