Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-194.92 Statement by savings institution that its accounts are insured or guaranteed; misleading advertisin...

§ 6.1-194.92. Statement by savings institution that its accounts are insured or guaranteed; misleading advertisin...

No savings institution shall, without the written approval of the Commission, make any representation, oral or written, that any of its accounts are insured or guaranteed unless such accounts are insured or guaranteed by an instrumentality of the United States or other insurer approved by the Commission. No savings institution shall publish any misleading advertisement.

(Code 1950, §§ 6-201.53, 6.1-183, 6.1-195.63; 1960, c. 402; 1966, c. 584; 1972, c. 796; 1985, c. 425.)

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Last modified: April 2, 2009