SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2001 SESSION
HB 2161 Money order sales and money transmission services.
Introduced by: Clifton A. (Chip) Woodrum | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Money order sales and money transmission services. Eliminates the requirement that a licensee have a physical presence in Virginia, so long as transactions are being conducted by Virginia citizens. Applicants for licenses are now required to submit audited financial statements and have a minimum net worth between $100,000 and one million dollars. The penalty for unlicensed entities engaging in these regulated businesses is raised from a Class 3 misdemeanor to a Class 1 misdemeanor. The State Corporation Commission has enhanced examination powers over licensees, may examine licensees in conjunction with the regulatory authorities of other states, and may now impose civil penalties for violations.
FULL TEXT
- 01/10/01 House: Presented & ordered printed, prefiled 01/10/01 010041996 pdf | impact statements
- 01/18/01 House: Printed as engrossed 010041996-E pdf | impact statements
- 02/21/01 House: Bill text as passed House and Senate (HB2161ER) pdf | impact statement
- 03/20/01 Governor: Acts of Assembly Chapter text (CHAP0372) pdf
AMENDMENTS
HISTORY
- 01/10/01 House: Presented & ordered printed, prefiled 01/10/01 010041996
- 01/10/01 House: Referred to Committee on Corporations, Insurance and Banking
- 01/16/01 House: Reported from C. I. B. w/amds (24-Y 0-N)
- 01/17/01 House: Read first time
- 01/18/01 House: Read second time
- 01/18/01 House: Committee amendments agreed to
- 01/18/01 House: Engrossed by House as amended
- 01/18/01 House: Printed as engrossed 010041996-E
- 01/19/01 House: Read third time and passed House BLOCK VOTE (96-Y 0-N)
- 01/19/01 House: VOTE: BLOCK VOTE PASSAGE (96-Y 0-N)
- 01/19/01 House: Communicated to Senate
- 01/22/01 Senate: Constitutional reading dispensed
- 01/22/01 Senate: Referred to Committee on Commerce and Labor
- 02/12/01 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/13/01 Senate: Const. reading disp., passed by for the day (40-Y 0-N)
- 02/13/01 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 02/14/01 Senate: Read third time
- 02/14/01 Senate: Passed Senate (40-Y 0-N)
- 02/14/01 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 02/21/01 House: Bill text as passed House and Senate (HB2161ER)
- 02/22/01 House: Enrolled
- 02/22/01 House: Signed by Speaker
- 02/22/01 Senate: Signed by President
- 03/19/01 Governor: Approved by Governor-Chapter 372 (effective 7/1/01)
- 03/20/01 Governor: Acts of Assembly Chapter text (CHAP0372)