Administrative Code

Virginia Administrative Code
Title 10. Finance and Financial Institutions
1/23/2019

Agency 5. State Corporation Commission

Preface
Agency Summary
Chapter 10
Delegation of Certain Authority to the Commissioner of the Bureau of Financial InstitutionsRead all
Section 10
Powers Delegated to Commissioner of Financial Institutions
Chapter 20
Banking and Savings InstitutionsRead all
Section 10
Interest Rate for State-Chartered Banks
Section 20
Reserves of Virginia Banks
Section 30
Schedule Prescribing Annual Fees Paid for Examination, Supervision, and Regulation of State-Chartered Banks and Savings Institutions
Section 40
State Savings Banks; Corporate Name and Investment Requirement
Section 50
Conversion of Mutual to Stock Association
Chapter 22
Trust Company RegulationsRead all
Section 10
Definitions
Section 20
Preliminary Statement; Responsibility of the Board of Directors; Meetings of the Board
Section 30
Composition of Affiliated Trust Company Board; Prohibitions on Dual Service
Section 40
Reports of Condition; Annual Audits
Section 50
Insurance Required
Section 60
Investments
Section 70
Loans to Certain Persons Prohibited
Section 80
Delegation of Trust Functions; Confidentiality
Section 90
Trust Administration As Individual, Receipt of Income from Licensed Activities Prohibited
Section 100
Securities Advice Prohibited; Exception
Section 110
Agency or Marketing Activity Prohibited
Section 120
Services by Affiliate
Section 130
Referral of Securities Transactions
Section 140
Purchases from Affiliate Prohibited; Exceptions; Terms
Section 150
Separate Offices Required
Chapter 30
Savings Institution Holding CompaniesRead all
Section 10
Definitions
Section 20
Scope
Section 30
Requirement of an Application
Section 40
Standard for Approval
Section 50
The Application Process
Section 60
Reporting
Section 70
Books and Records
Section 80
Examination of Holding Company
Section 90
Cease and Desist Order
Chapter 40
Credit UnionsRead all
Section 5
Definitions
Section 10
Surety Bond Amount Required
Section 20
Schedule Prescribing Annual Fees Paid for Examination, Supervision, and Regulation of State Chartered Credit Unions
Section 30
Regular Reserve Accounts
Section 40
Serving Underserved Areas
Section 50
Services for Nonmembers within the Field of Membership
Section 60
Credit Union Service Organizations (Cusos)
Section 70
Low-Income Designated Credit Unions
Section 80
Loan Participations
Section 90
Benefits for Employees of State-Chartered Credit Unions
Chapter 50
Industrial Loan AssociationsRead all
Section 10
Disclosure on Debt Instruments; Minimum Amount and Maturity
Section 20
Surety Bond Upon All Active Officers
Section 30
Schedule Prescribing Annual Fees Paid for Examination, Supervision, and Regulation of Industrial Loan Associations
Chapter 60
Consumer Finance CompaniesRead all
Section 10
[Repealed]
Section 20
Time Limit for Compliance
Section 30
Allotment Program Loans; Applicability; Definitions; Rules
Section 40
Rules Governing Open-End Credit Business in Licensed Consumer Finance Offices
Section 50
Rules Governing Real Estate Mortgage Business in Licensed Consumer Finance Offices
Section 60
Schedule Prescribing Annual Fees Paid for Examination, Supervision, and Regulation of Consumer Finance Licenses
Chapter 70
Sale of Noncredit-Related Life Insurance in Consumer Finance OfficesRead all
Section 10
Legal Compliance
Section 20
Separation of Lending and Insurance Sales
Section 30
Purchaser's Right to Cancel Insurance
Section 40
Compliance with Insurance Laws
Section 50
Examination of Records
Section 60
Effect of Chapter
Chapter 80
Real Estate Settlement Agent RulesRead all
Section 10
Definitions
Section 20
Registration with the Virginia State Bar
Section 30
Financial Responsibility Requirements
Section 40
Escrow Accounts and Audits
Section 50
Unauthorized Practice of Law Guidelines
Section 60
Access to Records
Section 70
Parties Not Affected
DIBR
Documents Incorporated by Reference (10VAC5-80)
Chapter 90
[Reserved]Read all
Chapter 100
Nonprofit Debt Counseling Agencies [Repealed]Read all
Section 10
[Repealed]
Chapter 110
Credit CounselingRead all
Section 10
Definitions
Section 20
Surety Bond Standards; Reporting Requirements
Section 30
Schedule of Annual Fees for the Examination, Supervision, and Regulation of Agencies Providing Debt Management Plans
Section 40
Operating Requirements
Section 50
Advertising
Section 60
Enforcement
Section 70
Commission Authority
Chapter 120
Money Order Sellers and Money TransmittersRead all
Section 10
Definitions
Section 20
Surety Bond Standards
Section 30
Alternative to Surety Bond
Section 40
Reporting Requirements
Section 50
Assessment Schedule for the Examination and Supervision of Money Order Sellers and Money Transmitters
Section 60
Responding to Requests from the Bureau of Financial Institutions; Providing False, Misleading, or Deceptive Information
Section 70
Acquisitions; Additional Business Requirements and Restrictions; Operating Rules
Section 80
Permissible Investments
Section 90
Enforcement
Section 100
Commission Authority
Chapter 130
Virginia Financial Institution Holding CompaniesRead all
Section 10
Filing of Registration Statements Required
Section 20
Reporting by Virginia Financial Institution Holding Companies
Chapter 140
Financial Service Center BanksRead all
Section 10
Application
Section 20
Reporting
Section 30
Compliance with Statutory Conditions
Chapter 150
[Reserved]Read all
Chapter 160
Rules Governing Mortgage Lenders and BrokersRead all
Section 10
Definitions
Section 15
Surety Bond; Required Funds
Section 20
Operating Requirements
Section 25
Books, Accounts, and Records
Section 30
Commitment Agreements and Lock-In Agreements
Section 40
Schedule of Annual Fees for the Examination, Supervision, and Regulation of Mortgage Lenders and Mortgage Brokers
Section 50
Responding to Requests from Bureau of Financial Institutions; Providing False, Misleading, or Deceptive Information
Section 60
Advertising
Section 70
[Repealed]
Section 80
[Repealed]
Section 90
Nationwide Mortgage Licensing System and Registry
Section 100
Enforcement
Section 110
Commission Authority
Chapter 161
Mortgage Loan OriginatorsRead all
Section 10
Definitions
Section 20
Individuals Subject to Licensure
Section 30
License Application Procedure
Section 40
Conditions of Licensure and Renewals
Section 45
Financial Responsibility, Character, and General Fitness
Section 50
Surety Bond Amount
Section 60
Required Reports and Notices; Information in Registry
Section 70
Responding to Requests from the Bureau of Financial Institutions; Disposal of Records.
Section 75
Bona Fide Nonprofit Organizations
Section 80
Enforcement; Civil Penalties.
Section 90
Commission Authority
FORMS
Forms (10VAC5-161)
Chapter 170
Electronic Funds Transfer [Repealed]Read all
Section 10
[Repealed]
Chapter 180
Equal Credit OpportunityRead all
Section 10
Virginia Equal Credit Opportunity Regulation
Chapter 190
Common Trust FundsRead all
Section 10
Definition of Terms
Section 20
Operating Rules
Section 30
Investment Authorization
Section 40
Status of Comptroller's "Precedents and Opinions."
FORMS
Forms (10VAC5-190)
Chapter 200
Payday LendingRead all
Section 10
Definitions
Section 20
Requirements for Licensees; Operating Rules; Acquisitions
Section 30
Notice and Payday Lending Pamphlet
Section 33
Extended Payment Plans
Section 35
Five Payday Loans within 180 Days
Section 40
Borrower Prepayment; Right to Cancel
Section 50
Responding to Requests from the Bureau of Financial Institutions; Providing False, Misleading, or Deceptive Information
Section 60
Posting of Charges
Section 70
Additional Business Requirements and Restrictions
Section 75
Annual Reporting Requirements
Section 80
Payday Lending Pamphlet Text
Section 85
Advertising
Section 90
Schedule of Annual Fees for the Examination, Supervision, and Regulation of Payday Lenders
Section 100
Other Business in Payday Lending Offices
Section 110
Payday Lending Database
Section 113
Limited Disclosure of Data from Payday Lending Database
Section 115
Database Inquiry Fee
Section 120
Enforcement
Section 130
Commission Authority
Chapter 210
Motor Vehicle Title LendingRead all
Section 10
Definitions
Section 20
Requirements for Licensees; Reporting Requirements; Acquisitions
Section 30
Notice and Pamphlet
Section 40
Posting of Charges and Contact Information for Complaints
Section 50
Additional Business Requirements and Restrictions
Section 60
Annual Reporting Requirements
Section 70
Other Business in Motor Vehicle Title Lending Offices
Section 80
Advertising
Section 90
Books, Accounts, and Records; Responding to Requests from the Bureau
Section 95
Schedule of Annual Fees for the Examination, Supervision, and Regulation of Motor Vehicle Title Lenders.
Section 100
Enforcement; Civil Penalties
Section 110
Commission Authority
FORMS
Forms (10VAC5-210)


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