Virginia § 6.2-1938 - (Effective July 1, 2026) Report of condition
Full text of Virginia Code of Virginia § 6.2-1938 — (Effective July 1, 2026) Report of condition, with citation guidance and answers to common questions.
§ 6.2-1938. (Effective July 1, 2026) Report of condition
A. Each licensee shall submit to the Commission a report of condition within 45 days after the end of every calendar quarter, or within any extended time as the Commission may prescribe.
B. The report of condition shall include:
1. Financial information at the licensee level;
2. Nationwide and state-specific money transmission transaction information for every jurisdiction in the United States where the licensee is licensed to engage in money transmission;
3. A permissible investments report;
4. Transaction destination country reporting for money received for transmission, if applicable; and
5. Any other information the Commission reasonably requires with respect to the licensee. The Commission is authorized and encouraged to allow or require licensees to utilize NMLS for the submission of the report required by this section.
C. The information required by subdivision B 4 shall only be included in a report of condition submitted within 45 days after the end of the fourth calendar quarter.
2025, c. 214.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 6.2-1938
What does Code of Virginia § 6.2-1938 cover?
Section 6.2-1938 ("(Effective July 1, 2026) Report of condition") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 6.2-1938?
A common citation format is "Code of Virginia § 6.2-1938" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 6.2-1938 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.