§ 6.1-237.9. Cease and desist orders
If the Commissioner determines that any association has violated any provision of this chapter or any regulation adopted pursuant thereto, he may, upon twenty-one days' notice in writing, order the association to cease and desist from such practices and to comply with the provisions of this chapter. The notice shall be sent by certified mail to the principal place of business of the association and shall state 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 Commissioner shall not issue a cease and desist order, but the Commission may do so after such hearing. The Commission may enforce compliance with any such order by imposition and collection of such fines and penalties as may be prescribed by Commission regulations, or by revocation of the association's authority to do business in accordance with §§ 6.1-237.8 and 6.1-237.10.
(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