Code 1950, §§ 6-323, 6-324, 6-325, 6-326; 1956, c

Code 1950, §§ 6-323, 6-324, 6-325, 6-326; 1956, c

Elizabeth. Should your Commission compels a person maybe not an excellent licensee otherwise an enthusiastic applicant to possess a permit under that it section giving verbal testimony, the person therefore compelled to testify will never be at the mercy of criminal prosecution or perhaps the imposition of every punishment or forfeiture in experience of the niche number regarding and therefore such as for instance testimony is motivated.

F. This new immunities given pursuant in order to subsections D and you can Age should maybe not influence (i) any municipal best of action, perhaps not involving penalty otherwise forfeiture, of any individual and you will (ii) the expert of Lawyer Standard so you’re able to institute and you may prosecute good continuing to have injunctive save given that delivered to from inside the § 6.2-1537.

The brand new Commission should, as much because deems to settle individuals desire, glance at brand new facts, company, work environment, and facts of any licensee you to definitely have to do with any business subscribed lower than it chapter. Like test shall be held at least one time in almost any around three-year months. New licensee shall furnish on time by send or otherwise for example circumstances and you can comments to the its providers transacted on Commonwealth your Fee could possibly get request periodically.

Most of the licensee shall keep new courses, profile, and you will details for at least 36 months after deciding to make the finally entryway to your people financing submitted therein

So you can defray the costs from test, supervision and you can regulation of signed up user boat finance companies, all of the licensee should shell out an annual fee becoming determined when you look at the accordance that have a schedule place from the Commission. The newest agenda shall sustain a good link to the possessions, as well as financing significantly less than so it chapter or any other fund, of numerous licensees in addition to their affiliates doing business for the licensed individual monetary institution offices, with the real price of the particular assessments, and other variables per its supervision and control. Charges are going to be reviewed pursuant to this section on or just before May 1 of any season. Every such as for instance fees might be paid off from the licensees with the County Treasurer for the or just before Summer step 1 following the for every single investigations.

A great. Each licensee shall manage within the licensed individual finance company place of work, otherwise at such as for example almost every other set inside or beyond your Commonwealth once the the new Percentage get agree, particularly courses, levels, and you can information since Payment get fairly need to decide if or not the brand new licensee was complying into the conditions with the chapter and you will with legislation accompanied into the furtherance thereof. Such books, profile, and you will details is going to be managed in the papers means or, to your Commission’s recognition, in any electronic format designed for examination on the basis of computer system printed reproduction, video monitor, or any other average. Any guides, profile, and you will records not was able inside the papers form will be modifiable into the clearly legible paper records within this a while.

B. If any notice or protection removed not as much as which chapter shall be sworn while the guarantee otherwise placed within this otherwise outside of the Commonwealth, the latest licensee will alert on time the fresh Percentage in writing of your name and you can located area of the individual carrying instance paper. Prior acceptance of Fee should not be necessary. People sworn or transferred paper is subject to test by the brand new Percentage prior to subsection C since fully because if handled within the a prescription place.

C. Every courses, profile, and you can ideas will likely be susceptible to test because of the Fee

If the such as for example courses, membership, and suggestions was checked out outside of the Commonwealth, all of the practical costs associated with instance test might be paid off of the the brand new licensee.

For every single licensee shall per year, toward or ahead of April step 1, document a study towards the Fee providing such as for example associated recommendations because the get fairly be required regarding their business and processes for the before season about each registered user finance company place of work. Accounts is going to be made lower than oath and you may is going to be regarding the function recommended by the Payment.

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