§ 6.1-2.25. Rules and regulations
Except as provided in § 6.1-2.26, the appropriate licensing authority may issue summonses, subpoenas, rules, regulations, and orders, including educational requirements, consistent with and necessary to carry out the provisions of this chapter. When the registration of a settlement agent is renewed, the appropriate authority shall notify the registrant of the provisions of § 17.1-223. A title insurance company domiciled in the Commonwealth or acting in the capacity of a settlement agent pursuant to this chapter shall account for funds held and income derived from escrow, closing, or settlement services in accordance with the applicable instructions of, and the accounting practices and procedures manuals adopted by, the National Association of Insurance Commissioners when filing the annual statements and reports required under Chapter 13 (§ 38.2-1300 et seq.) of Title 38.2.
(1997, c. 716; 2004, cc. 336, 597.)
Sections: Previous 6.1-2.19 6.1-2.20 6.1-2.21 6.1-2.22 6.1-2.23 6.1-2.23:1 6.1-2.23:2 6.1-2.24 6.1-2.25 6.1-2.26 6.1-2.27 6.1-2.27:1 6.1-2.28 6.1-2.29 NextLast modified: April 16, 2009