{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-1109.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-1109.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-1109.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-1109.html"}],"law_id":373635,"edition_id":2,"section_id":373635,"structure_id":53166,"section_number":"6.2-1109","catch_line":"Representations that accounts are insured; misleading advertisements","history":"Code 1950, \u00a7 6-201.53; 1960, c. 402; 1966, c. 584, \u00a7 6.1-183; 1972, c. 796, \u00a7 6.1-195.63; 1985, c. 425, \u00a7 6.1-194.92; 2010, c. 794.","full_text":"A\n\nA savings institution shall not 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.\n\nB\n\nA savings institution shall not publish any misleading advertisement.\n\n","order_by":null,"text":{"0":{"id":1394462,"text":"A savings institution shall not 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.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1394463,"text":"A savings institution shall not publish any misleading advertisement.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":53166,"edition_id":2,"name":"General Provisions","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":53165,"metadata":{"child_laws":14,"child_structures":0},"date_created":"2026-08-02 03:11:54","date_modified":"2026-08-02 12:28:02","permalink":{"id":1491105,"object_type":"structure","relational_id":53166,"identifier":"1","token":"6.2\/II\/11\/1","url":"\/6.2\/II\/11\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53165,"edition_id":2,"name":"Savings Institutions","identifier":"11","label":"chapter","depth":3,"order_by":5,"parent_id":53156,"metadata":{"child_laws":106,"child_structures":9},"date_created":"2026-08-02 03:11:54","date_modified":"2026-08-02 12:28:02","permalink":{"id":1491103,"object_type":"structure","relational_id":53165,"identifier":"11","token":"6.2\/II\/11","url":"\/6.2\/II\/11\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53156,"edition_id":2,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":53152,"metadata":{"child_laws":483,"child_structures":51},"date_created":"2026-08-02 03:11:42","date_modified":"2026-08-02 12:27:56","permalink":{"id":1490687,"object_type":"structure","relational_id":53156,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","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":373626,"structure_id":53166,"section_number":"6.2-1100","catch_line":"Definitions","url":"\/6.2-1100\/","token":"6.2\/II\/11\/1\/6.2-1100","metadata":false},{"id":373627,"structure_id":53166,"section_number":"6.2-1101","catch_line":"Construction and application of chapter","url":"\/6.2-1101\/","token":"6.2\/II\/11\/1\/6.2-1101","metadata":{"court_decisions":""}},{"id":373628,"structure_id":53166,"section_number":"6.2-1102","catch_line":"Associations operating share accumulation loan plans; continued operation","url":"\/6.2-1102\/","token":"6.2\/II\/11\/1\/6.2-1102","metadata":false},{"id":373629,"structure_id":53166,"section_number":"6.2-1103","catch_line":"Prohibitions on conduct of savings institution business; exceptions; penalty","url":"\/6.2-1103\/","token":"6.2\/II\/11\/1\/6.2-1103","metadata":false},{"id":373630,"structure_id":53166,"section_number":"6.2-1104","catch_line":"False statements and similar actions prohibited; penalty","url":"\/6.2-1104\/","token":"6.2\/II\/11\/1\/6.2-1104","metadata":false},{"id":373631,"structure_id":53166,"section_number":"6.2-1105","catch_line":"Use of savings institution name, logo, or symbol for marketing purposes; penalty","url":"\/6.2-1105\/","token":"6.2\/II\/11\/1\/6.2-1105","metadata":false},{"id":373632,"structure_id":53166,"section_number":"6.2-1106","catch_line":"Prohibitions on the use of certain terms; exceptions; penalty","url":"\/6.2-1106\/","token":"6.2\/II\/11\/1\/6.2-1106","metadata":false},{"id":373633,"structure_id":53166,"section_number":"6.2-1107","catch_line":"Defamation of savings institutions and certain federal agencies prohibited; penalty","url":"\/6.2-1107\/","token":"6.2\/II\/11\/1\/6.2-1107","metadata":false},{"id":373634,"structure_id":53166,"section_number":"6.2-1108","catch_line":"Membership in Federal Home Loan Bank and Federal Deposit Insurance Corporation authorized; insurance required as a condition to receiving deposits; representations that accounts are insured; misleading advertisements","url":"\/6.2-1108\/","token":"6.2\/II\/11\/1\/6.2-1108","metadata":false},{"id":373635,"structure_id":53166,"section_number":"6.2-1109","catch_line":"Representations that accounts are insured; misleading advertisements","url":"\/6.2-1109\/","token":"6.2\/II\/11\/1\/6.2-1109","metadata":false},{"id":373636,"structure_id":53166,"section_number":"6.2-1110","catch_line":"Membership in facilitating organizations or instrumentalities","url":"\/6.2-1110\/","token":"6.2\/II\/11\/1\/6.2-1110","metadata":false},{"id":373637,"structure_id":53166,"section_number":"6.2-1111","catch_line":"Authority to purchase, convey or manage property in which state savings institution has a security interest; time limitation","url":"\/6.2-1111\/","token":"6.2\/II\/11\/1\/6.2-1111","metadata":false},{"id":373638,"structure_id":53166,"section_number":"6.2-1112","catch_line":"Applicability of Virginia Uniform Commercial Code to commercial paper and depository activities of savings institutions","url":"\/6.2-1112\/","token":"6.2\/II\/11\/1\/6.2-1112","metadata":false},{"id":373639,"structure_id":53166,"section_number":"6.2-1113","catch_line":"Discoverability or admissibility of compliance review committee documents","url":"\/6.2-1113\/","token":"6.2\/II\/11\/1\/6.2-1113","metadata":false}],"previous_section":{"id":373634,"structure_id":53166,"section_number":"6.2-1108","catch_line":"Membership in Federal Home Loan Bank and Federal Deposit Insurance Corporation authorized; insurance required as a condition to receiving deposits; representations that accounts are insured; misleading advertisements","url":"\/6.2-1108\/","token":"6.2\/II\/11\/1\/6.2-1108","metadata":false},"next_section":{"id":373636,"structure_id":53166,"section_number":"6.2-1110","catch_line":"Membership in facilitating organizations or instrumentalities","url":"\/6.2-1110\/","token":"6.2\/II\/11\/1\/6.2-1110","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1109\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 5 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1960, chapter 402; in 1966, chapter 584; in 1972, chapter 796; in 1985, chapter 425; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1491143,"object_type":"law","relational_id":373635,"identifier":"6.2-1109","token":"6.2\/II\/11\/1\/6.2-1109","url":"\/6.2-1109\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-1109\/","token":"6.2\/II\/11\/1\/6.2-1109","dublin_core":{"Title":"Representations that accounts are insured; misleading advertisements","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1109","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A savings institution<\/span> shall not make any representation, oral or written, that any of its accounts<\/span> are insured or guaranteed unless such accounts<\/span> are insured or guaranteed by an instrumentality of the United States or other insurer approved by the Commission<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A savings institution<\/span> shall not publish any misleading advertisement. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREPRESENTATIONS THAT ACCOUNTS ARE INSURED; MISLEADING ADVERTISEMENTS (\u00a7\n6.2-1109)\n\nA. A savings institution shall not make any representation, oral or written,\nthat any of its accounts are insured or guaranteed unless such accounts are\ninsured or guaranteed by an instrumentality of the United States or other\ninsurer approved by the Commission.\n\nB. A savings institution shall not publish any misleading advertisement.\n\nHISTORY: Code 1950, \u00a7 6-201.53; 1960, c. 402; 1966, c. 584, \u00a7 6.1-183; 1972,\nc. 796, \u00a7 6.1-195.63; 1985, c. 425, \u00a7 6.1-194.92; 2010, c. 794.","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"}}