A. In order to defray the costs of their examination, supervision, and regulation, every licensee under this chapter shall pay an annual fee calculated in accordance with a schedule set by the Commission. The schedule shall bear a reasonable relationship to the business volume of such licensees, the actual costs of their examinations, and other factors relating to their supervision and regulation. All such fees shall be assessed on or before September 15 for every calendar year. All such fees shall be paid by the licensee to the State Treasurer on or before October 15 following each assessment.
B. In addition to the annual fee prescribed in subsection A, when it becomes necessary to examine or investigate the books and records of a licensee under this chapter at a location outside the Commonwealth, the licensee shall be liable for and shall pay to the Commission within 30 days of the presentation of an itemized statement, the actual travel and reasonable living expenses incurred on account of its examination, supervision, and regulation, or shall pay at a reasonable per diem rate approved by the Commission.
2010, c. 477, § 6.1-493.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 22 - Motor Vehicle Title Loans
§ 6.2-2203. Application for license; form; content; fee
§ 6.2-2205. Investigation of applications
§ 6.2-2207. Licenses; places of business; changes
§ 6.2-2208. Acquisition of control; application
§ 6.2-2209. Retention of books, accounts, and records
§ 6.2-2211. Other reporting requirements
§ 6.2-2212. Investigations; examinations
§ 6.2-2215. Required and prohibited business methods
§ 6.2-2215.1. Loan terms and conditions
§ 6.2-2216. Authorized fees and charges
§ 6.2-2216.1. Inflation adjustment of maximum monthly maintenance fee
§ 6.2-2216.2. Refinancing of motor vehicle title loan
§ 6.2-2216.3. Statement of balance due; repayment and refunds
§ 6.2-2216.4. Restriction on certain fees and charges
§ 6.2-2216.5. Verification of borrower's income
§ 6.2-2217. Limited recourse; repossession and sale of motor vehicle
§ 6.2-2219. Suspension or revocation of license
§ 6.2-2220. Cease and desist orders
§ 6.2-2221. Notice of proposed suspension or revocation
§ 6.2-2222. Fines for violations
§ 6.2-2224. Validity of noncompliant loan agreement; private right of action
§ 6.2-2225. Application of chapter to Internet loans
§ 6.2-2226. Authority of Attorney General; referral by Commission to Attorney General
§ 6.2-2227. Violation of the Virginia Consumer Protection Act