6.1-419 - (Repealed effective October 1, 2010) Investigations; examinations. - Virginia Statutes

§ 6.1-419. (Repealed effective October 1, 2010) Investigations; examinations.

The Commission may, by its designated officers and employees, as often as itdeems necessary, investigate and examine the affairs, business, premises andrecords of any lender or broker required to be licensed under this chapterinsofar as they pertain to any business for which a license is required bythis chapter. Examinations of such mortgage lenders shall be conducted atleast once in each three-year period. In the course of such investigationsand examinations, the owners, members, officers, directors, partners andemployees of such lender or broker being investigated or examined shall, upondemand of the person making such investigation or examination, afford fullaccess to all premises, books, records and information which the personmaking such investigation or examination deems necessary. For the foregoingpurposes, the person making such investigation or examination shall haveauthority to administer oaths, examine under oath all the aforementionedpersons, and compel the production of papers and objects of all kinds.

(1987, c. 596.)