{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-107.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-107.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-107.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-107.1.html"}],"law_id":373594,"edition_id":2,"section_id":373594,"structure_id":53159,"section_number":"6.2-107.1","catch_line":"Certain payments required electronically","history":"2024, c. 422.","full_text":"Any financial institution that initiates an electronic fund transfer related to the sale to a consumer of a security issued by such financial institution shall make available to the consumer the option of completing any payment of principal, interest, dividend, or other distribution related to the security to the consumer via an electronic fund transfer.\n\n","order_by":null,"text":{"0":{"id":1394331,"text":"Any financial institution that initiates an electronic fund transfer related to the sale to a consumer of a security issued by such financial institution shall make available to the consumer the option of completing any payment of principal, interest, dividend, or other distribution related to the security to the consumer via an electronic fund transfer.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53159,"edition_id":2,"name":"General Provisions","identifier":"2","label":"article","depth":4,"order_by":2,"parent_id":53154,"metadata":{"child_laws":11,"child_structures":0},"date_created":"2026-08-02 03:11:43","date_modified":"2026-08-02 12:27:54","permalink":{"id":1490263,"object_type":"structure","relational_id":53159,"identifier":"2","token":"6.2\/I\/1\/2","url":"\/6.2\/I\/1\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53154,"edition_id":2,"name":"Definitions and General Provisions","identifier":"1","label":"chapter","depth":3,"order_by":1,"parent_id":53153,"metadata":{"child_laws":12,"child_structures":2},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:54","permalink":{"id":1490255,"object_type":"structure","relational_id":53154,"identifier":"1","token":"6.2\/I\/1","url":"\/6.2\/I\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53153,"edition_id":2,"name":"General Provisions","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":53152,"metadata":{"child_laws":99,"child_structures":18},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:54","permalink":{"id":1490253,"object_type":"structure","relational_id":53153,"identifier":"I","token":"6.2\/I","url":"\/6.2\/I\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53152,"edition_id":2,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":10,"parent_id":null,"metadata":{"child_laws":961,"child_structures":89},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:53","permalink":{"id":1490251,"object_type":"structure","relational_id":53152,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":373526,"structure_id":53159,"section_number":"6.2-101","catch_line":"Confidentiality of information","url":"\/6.2-101\/","token":"6.2\/I\/1\/2\/6.2-101","metadata":false},{"id":373525,"structure_id":53159,"section_number":"6.2-101.1","catch_line":"Certified mail; subsequent mail or notices may be sent by regular mail","url":"\/6.2-101.1\/","token":"6.2\/I\/1\/2\/6.2-101.1","metadata":false},{"id":373537,"structure_id":53159,"section_number":"6.2-102","catch_line":"Use of funds collected under this title","url":"\/6.2-102\/","token":"6.2\/I\/1\/2\/6.2-102","metadata":false},{"id":373550,"structure_id":53159,"section_number":"6.2-103","catch_line":"Financial institutions to furnish certain information to fiduciaries","url":"\/6.2-103\/","token":"6.2\/I\/1\/2\/6.2-103","metadata":false},{"id":373548,"structure_id":53159,"section_number":"6.2-103.1","catch_line":"Financial institutions to furnish certain information as part of adult protective services investigation","url":"\/6.2-103.1\/","token":"6.2\/I\/1\/2\/6.2-103.1","metadata":false},{"id":373549,"structure_id":53159,"section_number":"6.2-103.2","catch_line":"Reporting financial exploitation of elderly or vulnerable adults","url":"\/6.2-103.2\/","token":"6.2\/I\/1\/2\/6.2-103.2","metadata":false},{"id":373561,"structure_id":53159,"section_number":"6.2-104","catch_line":"Directors to serve only one institution","url":"\/6.2-104\/","token":"6.2\/I\/1\/2\/6.2-104","metadata":false},{"id":373572,"structure_id":53159,"section_number":"6.2-105","catch_line":"Reclassification or conversion of banking institution shares","url":"\/6.2-105\/","token":"6.2\/I\/1\/2\/6.2-105","metadata":false},{"id":373583,"structure_id":53159,"section_number":"6.2-106","catch_line":"Payment of civil penalties","url":"\/6.2-106\/","token":"6.2\/I\/1\/2\/6.2-106","metadata":false},{"id":373595,"structure_id":53159,"section_number":"6.2-107","catch_line":"Effect of contract provision requiring amendment or waiver to be in writing","url":"\/6.2-107\/","token":"6.2\/I\/1\/2\/6.2-107","metadata":false},{"id":373594,"structure_id":53159,"section_number":"6.2-107.1","catch_line":"Certain payments required electronically","url":"\/6.2-107.1\/","token":"6.2\/I\/1\/2\/6.2-107.1","metadata":false}],"previous_section":{"id":373595,"structure_id":53159,"section_number":"6.2-107","catch_line":"Effect of contract provision requiring amendment or waiver to be in writing","url":"\/6.2-107\/","token":"6.2\/I\/1\/2\/6.2-107","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-107.1\/","history_text":"<p>This law was first created in 2024. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?241+ful+CHAP0422\">422<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":1490305,"object_type":"law","relational_id":373594,"identifier":"6.2-107.1","token":"6.2\/I\/1\/2\/6.2-107.1","url":"\/6.2-107.1\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-107.1\/","token":"6.2\/I\/1\/2\/6.2-107.1","dublin_core":{"Title":"Certain payments required electronically","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-107.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Any <span class=\"dictionary\">financial institution<\/span> that initiates an electronic fund transfer related to the sale to a consumer of a security issued by such <span class=\"dictionary\">financial institution<\/span> shall make available to the consumer the option of completing any payment of principal, interest, dividend, or other distribution related to the security to the consumer via an electronic fund transfer.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nCERTAIN PAYMENTS REQUIRED ELECTRONICALLY (\u00a7 6.2-107.1)\n\nAny financial institution that initiates an electronic fund transfer related to\nthe sale to a consumer of a security issued by such financial institution shall\nmake available to the consumer the option of completing any payment of\nprincipal, interest, dividend, or other distribution related to the security to\nthe consumer via an electronic fund transfer.\n\nHISTORY: 2024, c. 422.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}