30-261 - Powers and duties. - Virginia Statutes

§ 30-261. Powers and duties.

A. The Commission shall have the following powers and duties:

1. Undertake studies, gather information and data, and pursue such otheractivities as may be desirable to accomplish its purposes as set forth in §30-257;

2. Report annually on its activities during the preceding year and include adiscussion of studies made and recommendations for administrative orlegislative action; and

3. Review newly enacted federal legislation pertaining to mortgage lendingand brokering and determine if such federal legislation necessitatesamendments to the laws of the Commonwealth.

B. The chairman shall submit to the General Assembly and the Governor anannual executive summary of the interim activity and work of the Commissionno later than the first day of each regular session of the General Assembly.The executive summary shall be submitted as provided in the procedures of theDivision of Legislative Automated Systems for the processing of legislativedocuments and reports and shall be posted on the General Assembly's website.

(2004, c. 1000; 2008, c. 863.)