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Virginia Administrative Code


Agency 5 - STATE CORPORATION COMMISSION

Chapter 10DELEGATION OF CERTAIN AUTHORITY TO THE COMMISSIONER OF THE BUREAU OF FINANCIAL INSTITUTIONS
Chapter 20BANKING AND SAVINGS INSTITUTIONS
Chapter 22TRUST COMPANY REGULATIONS
Chapter 30SAVINGS INSTITUTION HOLDING COMPANIES
Chapter 40CREDIT UNIONS
Chapter 50INDUSTRIAL LOAN ASSOCIATIONS
Chapter 60CONSUMER FINANCE COMPANIES
Chapter 70SALE OF NONCREDIT-RELATED LIFE INSURANCE IN CONSUMER FINANCE OFFICES
Chapter 80REAL ESTATE SETTLEMENT AGENT RULES
Chapter 90[RESERVED]
Chapter 100NONPROFIT DEBT COUNSELING AGENCIES [REPEALED]
Chapter 110CREDIT COUNSELING
Chapter 120MONEY ORDER SELLERS AND MONEY TRANSMITTERS
Chapter 130VIRGINIA FINANCIAL INSTITUTION HOLDING COMPANIES
Chapter 140FINANCIAL SERVICE CENTER BANKS
Chapter 150[Reserved]
Chapter 160RULES GOVERNING MORTGAGE LENDERS AND BROKERS
Chapter 161MORTGAGE LOAN ORIGINATORS
Chapter 170ELECTRONIC FUNDS TRANSFER [REPEALED]
Chapter 180EQUAL CREDIT OPPORTUNITY
Chapter 190COMMON TRUST FUNDS
Chapter 200PAYDAY LENDING
Chapter 210MOTOR VEHICLE TITLE LENDING



Chapter 10DELEGATION OF CERTAIN AUTHORITY TO THE COMMISSIONER OF THE BUREAU OF FINANCIAL INSTITUTIONS (create report)
Section 10Powers delegated to Commissioner of Financial Institutions



Chapter 20BANKING AND SAVINGS INSTITUTIONS (create report)
Section 10Interest rate for state-chartered banks
Section 20Reserves of Virginia banks
Section 30Schedule prescribing annual fees paid for examination, supervision, and regulation of state-chartered banks and savings institutions
Section 40State savings banks; corporate name and investment requirement
Section 50Conversion of mutual to stock association



Chapter 22TRUST COMPANY REGULATIONS (create report)
Section 10Definitions
Section 20Preliminary statement; responsibility of the board of directors; meetings of the board
Section 30Composition of affiliated trust company board; prohibitions on dual service
Section 40Reports of condition; annual audits
Section 50Insurance required
Section 60Investments
Section 70Loans to certain persons prohibited
Section 80Delegation of trust functions; confidentiality
Section 90Trust administration as individual, receipt of income from licensed activities prohibited
Section 100Securities advice prohibited; exception
Section 110Agency or marketing activity prohibited
Section 120Services by affiliate
Section 130Referral of securities transactions
Section 140Purchases from affiliate prohibited; exceptions; terms
Section 150Separate offices required



Chapter 30SAVINGS INSTITUTION HOLDING COMPANIES (create report)
Section 10Definitions
Section 20Scope
Section 30Requirement of an application
Section 40Standard for approval
Section 50The application process
Section 60Reporting
Section 70Books and records
Section 80Examination of holding company
Section 90Cease and desist order



Chapter 40CREDIT UNIONS (create report)
Section 5Definitions
Section 10Surety bond amount required
Section 20Schedule prescribing annual fees paid for examination, supervision, and regulation of state chartered credit unions
Section 30Regular reserve accounts
Section 40Serving underserved areas
Section 50Services for nonmembers within the field of membership
Section 60Credit union service organizations (CUSOs)
Section 70Low-income designated credit unions
Section 80Loan participations
Section 90Benefits for employees of state-chartered credit unions



Chapter 50INDUSTRIAL LOAN ASSOCIATIONS (create report)
Section 10Disclosure on debt instruments; minimum amount and maturity
Section 20Surety bond upon all active officers
Section 30Schedule prescribing annual fees paid for examination, supervision, and regulation of industrial loan associations



Chapter 60CONSUMER FINANCE COMPANIES (create report)
Section 10[Repealed]
Section 20Time limit for compliance
Section 30Allotment program loans; applicability; definitions; rules
Section 40Rules governing open-end credit business in licensed consumer finance offices
Section 50Rules governing real estate mortgage business in licensed consumer finance offices
Section 60Schedule prescribing annual fees paid for examination, supervision, and regulation of consumer finance licenses



Chapter 70SALE OF NONCREDIT-RELATED LIFE INSURANCE IN CONSUMER FINANCE OFFICES (create report)
Section 10Legal compliance
Section 20Separation of lending and insurance sales
Section 30Purchaser's right to cancel insurance
Section 40Compliance with insurance laws
Section 50Examination of records
Section 60Effect of chapter



Chapter 80REAL ESTATE SETTLEMENT AGENT RULES (create report)
Section 10Definitions
Section 20Registration with the Virginia State Bar
Section 30Financial responsibility requirements
Section 40Escrow accounts and audits
Section 50Unauthorized practice of law guidelines
Section 60Access to records
Section 70Parties not affected
DIBRDOCUMENTS INCORPORATED BY REFERENCE (10VAC5-80)



Chapter 90[RESERVED] (create report)



Chapter 100NONPROFIT DEBT COUNSELING AGENCIES [REPEALED] (create report)
Section 10[Repealed]



Chapter 110CREDIT COUNSELING (create report)
Section 10Definitions
Section 20Surety bond standards; reporting requirements
Section 30Schedule of annual fees for the examination, supervision, and regulation of agencies providing debt management plans



Chapter 120MONEY ORDER SELLERS AND MONEY TRANSMITTERS (create report)
Section 10Definitions
Section 20Surety bond standards
Section 30Alternative to surety bond
Section 40Reporting requirements
Section 50Assessment schedule for the examination and supervision of money order sellers and money transmitters.



Chapter 130VIRGINIA FINANCIAL INSTITUTION HOLDING COMPANIES (create report)
Section 10Filing of registration statements required
Section 20Reporting by Virginia financial institution holding companies



Chapter 140FINANCIAL SERVICE CENTER BANKS (create report)
Section 10Application
Section 20Reporting
Section 30Compliance with statutory conditions



Chapter 150[Reserved] (create report)



Chapter 160RULES GOVERNING MORTGAGE LENDERS AND BROKERS (create report)
Section 10Definitions
Section 20Operating rules
Section 30Commitment agreements and lock-in agreements
Section 40Schedule of annual fees for the examination, supervision, and regulation of mortgage lenders and mortgage brokers
Section 50Responding to requests from Bureau of Financial Institutions; providing false, misleading, or deceptive information; record retention
Section 60Advertising
Section 70[Repealed]
Section 80[Repealed]
Section 90Nationwide Mortgage Licensing System and Registry
Section 100Enforcement
Section 110Commission authority



Chapter 161MORTGAGE LOAN ORIGINATORS (create report)
Section 10Definitions
Section 20Individuals subject to licensure
Section 30License application procedure
Section 40Conditions of licensure and renewals
Section 45Financial responsibility, character, and general fitness
Section 50Surety bond amount
Section 60Required reports and notices; information in registry
Section 70Responding to requests from the Bureau of Financial Institutions; disposal of records.
Section 75Bona fide nonprofit organizations
Section 80Enforcement; civil penalties.
Section 90Commission authority
FORMSFORMS (10VAC5-161)



Chapter 170ELECTRONIC FUNDS TRANSFER [REPEALED] (create report)
Section 10[Repealed]



Chapter 180EQUAL CREDIT OPPORTUNITY (create report)
Section 10Virginia equal credit opportunity regulation



Chapter 190COMMON TRUST FUNDS (create report)
Section 10Definition of terms
Section 20Operating rules
Section 30Investment authorization
Section 40Status of Comptroller's "Precedents and Opinions."
FORMSFORMS (10VAC5-190)



Chapter 200PAYDAY LENDING (create report)
Section 10Definitions
Section 20Requirements for licensees; operating rules; acquisitions
Section 30Notice and payday lending pamphlet
Section 33Extended payment plans
Section 35Five payday loans within 180 days
Section 40Borrower prepayment; right to cancel
Section 50Responding to requests from the Bureau of Financial Institutions; providing false, misleading, or deceptive information
Section 60Posting of charges
Section 70Additional business requirements and restrictions
Section 75Annual reporting requirements
Section 80Payday lending pamphlet text
Section 85Advertising
Section 90Schedule of annual fees for the examination, supervision, and regulation of payday lenders
Section 100Other business in payday lending offices
Section 110Payday lending database
Section 113Limited disclosure of data from payday lending database
Section 115Database inquiry fee
Section 120Enforcement
Section 130Commission authority



Chapter 210MOTOR VEHICLE TITLE LENDING (create report)
Section 10Definitions
Section 20Requirements for licensees; reporting requirements; acquisitions
Section 30Notice and pamphlet
Section 40Posting of charges and contact information for complaints
Section 50Additional business requirements and restrictions
Section 60Annual reporting requirements
Section 70Other business in motor vehicle title lending offices
Section 80Advertising
Section 90Books, accounts, and records; responding to requests from the bureau
Section 95Schedule of annual fees for the examination, supervision, and regulation of motor vehicle title lenders.
Section 100Enforcement; civil penalties
Section 110Commission authority
FORMSFORMS (10VAC5-210)