A. The Commission may, as often as it deems necessary, investigate and examine the affairs, business, premises, and records of any person licensed or required to be licensed under this chapter insofar as they pertain to any business for which a license is required by this chapter. Examinations of licensees shall be conducted at least once in each three-year period. In the course of such investigations and examinations, the owners, members, officers, directors, partners, trustees, and employees of the person being investigated or examined shall, upon demand of the person making such investigation or examination, afford full access to all premises, books, records, and information that the person making such investigation or examination deems necessary.
B. Examinations under this section may be conducted in conjunction with examinations to be performed by representatives of agencies of the federal government or another state. In lieu of conducting an examination, the Commission may accept the examination report of the federal government or another state.
2020, cc. 1198, 1250.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 26 - Qualified Education Loan Servicers
§ 6.2-2601. License requirement; exceptions
§ 6.2-2603. Application for license; form; content; fee
§ 6.2-2605. Investigation of applications
§ 6.2-2607. Licenses; place of business; changes; renewal
§ 6.2-2608. Retention of records; responding to the Bureau
§ 6.2-2609. Acquisition of control; application
§ 6.2-2610. Prohibited activities; compliance with federal laws and regulations
§ 6.2-2611. Affirmative acts required of qualified education loan servicers
§ 6.2-2612. Reporting requirements
§ 6.2-2613. Investigations; examinations
§ 6.2-2615. Suspension or revocation of license
§ 6.2-2616. Notice of proposed suspension or revocation
§ 6.2-2617. Cease and desist orders
§ 6.2-2619. Private cause of action
§ 6.2-2620. Investigating and restraining prohibited acts
§ 6.2-2621. Violation of the Virginia Consumer Protection Act