6.2-1532 - (Effective October 1, 2010) Fees for examination, supervision and regulation. - Virginia Statutes

§ 6.2-1532. (Effective October 1, 2010) Fees for examination, supervision andregulation.

To defray the costs of examination, supervision and regulation of licensedconsumer finance companies, every licensee shall pay an annual fee to becalculated in accordance with a schedule set by the Commission. The scheduleshall bear a reasonable relationship to the total assets, including loansunder this chapter and other loans, of various licensees and their affiliatesdoing business in authorized consumer finance company offices, to the actualcost of their respective examinations, and to other factors relating to theirsupervision and regulation. Fees shall be assessed pursuant to this sectionon or before May 1 of every calendar year. All such fees shall be paid by thelicensees to the State Treasurer on or before June 1 following eachassessment.

(1982, c. 609, § 6.1-299.1; 2010, c. 794.)