Virginia Decodedhttps://vacode.org3736356.2-1109Representations that accounts are insured; misleading advertisements2026Financial Institutions and ServicesDepository Institutions and Trust OrganizationsSavings InstitutionsGeneral Provisions

A. 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.

B. A savings institution shall not publish any misleading advertisement.

Code 1950, § 6-201.53; 1960, c. 402; 1966, c. 584, § 6.1-183; 1972, c. 796, § 6.1-195.63; 1985, c. 425, § 6.1-194.92; 2010, c. 794.