In addition to the authority conferred under §§ 6.2-1907 and 6.2-1909, the Commission may impose a civil penalty not exceeding $2,500 upon any person licensed or required to be licensed under this chapter who the Commission determines has violated any of the provisions of this chapter or any other law or regulation applicable to the conduct of the person's business. For the purposes of this section, each separate violation shall be subject to the civil penalty herein prescribed. In the case of a violation of § 6.2-1901, each money order sale or money transmission transaction shall constitute a separate violation.
2001, c. 372, § 6.1-378.4; 2009, c. 346; 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