The Commission may not revoke a license issued under this chapter upon any of the grounds set forth in § 6.2-1907 until it has given the licensee 21 days' notice in writing of the reasons for the proposed revocation and has given the licensee an opportunity to introduce evidence and be heard. The notice shall be sent by certified mail to the principal place of business of such licensee and shall state with particularity the grounds for the contemplated action. Within 14 days of mailing the notice, the person or persons named therein may file with the clerk of the Commission a written request for a hearing. If a hearing is requested, the Commission shall not revoke the license except based upon findings made at such hearing.
2009, c. 346, § 6.1-374.1; 2010, c. 794.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 19 - Money Order Sellers and Money Transmitters
§ 6.2-1901. License required; exception
§ 6.2-1902. Scope and construction of chapter
§ 6.2-1903. Application for license; financial statements; application fee
§ 6.2-1904.1. Investigation of applications
§ 6.2-1905. Annual fees; expenses; annual reports; renewal
§ 6.2-1906. Conditions prerequisite to issuance of license; net worth requirement
§ 6.2-1906.1. Licenses; places of business; changes
§ 6.2-1907. License revocation
§ 6.2-1908. Notice of proposed revocation
§ 6.2-1909. Cease and desist orders
§ 6.2-1910. Investigations; examinations; reporting violations
§ 6.2-1911. Conduct of business through authorized delegates of licensee
§ 6.2-1912. Liability of licensee for payment of money order; money order to bear name of licensee
§ 6.2-1914. Acquisition of control; application
§ 6.2-1915. Sale or issuance of bearer money orders; prohibition
§ 6.2-1916. Retention of books, accounts, and records
§ 6.2-1917. Other reporting requirements
§ 6.2-1918. Maintenance of permissible investments