Virginia § 6.2-1943 - (Effective July 1, 2026) Records
Full text of Virginia Code of Virginia § 6.2-1943 — (Effective July 1, 2026) Records, with citation guidance and answers to common questions.
§ 6.2-1943. (Effective July 1, 2026) Records
A. A licensee shall maintain the following records for determining its compliance with this chapter for at least three years:
1. A record of each outstanding money transmission obligation sold;
2. A general ledger posted at least monthly containing all asset, liability, capital, income, and expense accounts;
3. Bank statements and bank reconciliation records;
4. Records of outstanding money transmission obligations;
5. Records of each money transmission obligation paid within the three-year period;
6. A list of the last known names and addresses of all of the licensee's authorized delegates; and
7. Any other records the Commission reasonably requires by regulation.
B. The items specified in subsection A shall be maintained in written or electronic form.
C. Records specified in subsection A may be maintained outside the Commonwealth if they are made accessible to the Commission on seven business days' written notice.
D. All records maintained by the licensee as required in this section are open to inspection by the Commission pursuant to § 6.2-1926.
E. Each licensee shall maintain policies and procedures sufficient for it to comply with this chapter and all other laws and regulations applicable to the conduct of its licensed business.
2025, c. 214.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 6.2-1943
What does Code of Virginia § 6.2-1943 cover?
Section 6.2-1943 ("(Effective July 1, 2026) Records") 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 § 6.2-1943?
A common citation format is "Code of Virginia § 6.2-1943" (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 § 6.2-1943 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.