§ 6.1-237.10. Notice of proposed suspension or revocation
The Commission may not revoke or suspend the authority of an association to do business upon any of the grounds set forth in § 6.1-237.8 until it has given the association twenty-one days' notice in writing of the reasons for the proposed revocation or suspension and an opportunity to introduce evidence and be heard. The notice shall be sent by certified mail to the principal place of business of the association and shall state with particularity the grounds for the contemplated action. Within fourteen days of mailing the notice, the association may file with the Clerk of the Commission a written request for a hearing. If a hearing is so requested, the Commission shall not suspend or revoke the association's authority to do business except based upon findings made at such hearing.
(1993, c. 419.)
Sections: Previous 6.1-236 6.1-237 6.1-237.1 6.1-237.2 6.1-237.3 6.1-237.4 6.1-237.5 6.1-237.6 6.1-237.7 6.1-237.8 6.1-237.9 6.1-237.10 6.1-237.11 6.1-238 6.1-243 NextLast modified: April 16, 2009