6.1-225.5 - (Repealed effective October 1, 2010) Fees for examination, supervision, and regulation. - Virginia Statutes

§ 6.1-225.5. (Repealed effective October 1, 2010) Fees for examination,supervision, and regulation.

In order to defray the costs of the examination described in § 6.1-225.4 andof supervision and regulation by the Commission, every credit union shall payan annual fee, to be calculated in accordance with a schedule set by theCommission. Such schedule shall bear a reasonable relationship to the totalassets of various individual credit unions, to the actual cost of theirrespective examinations, and to other factors relating to their supervisionand regulation. Fees shall be assessed pursuant to this section on or beforeMarch 1 each year. All fees so assessed shall be paid by the credit union tothe state treasury on or before March 31 following the assessment.

(1981, c. 521, § 6.1-221.1; 1990, c. 373.)