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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>373851</law_id><section_number>6.2-1513</section_number><catch_line>Record and notice of revocation or suspension</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="10" identifier="6.2">Financial Institutions and Services</unit><unit label="subtitle" level="2" order_by="3" identifier="III">Other Regulated Providers of Financial Services</unit><unit label="chapter" level="3" order_by="1" identifier="15">Consumer Finance Companies</unit></structure><text>
						<section><p>Whenever the <span class="dictionary">Commission</span> revokes or suspends a license issued pursuant to this chapter, it shall:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> Enter an <span class="dictionary">order</span> to that effect, which <span class="dictionary">order</span> shall set forth its <span class="dictionary">findings</span>; <a id="paragraph-1395312" class="section-permalink" href="https://vacode.org/6.2-1513/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> Compile a record containing (i) a summary of the <span class="dictionary">evidence</span>, (ii) the <span class="dictionary">findings</span> with respect thereto, (iii) the <span class="dictionary">order</span>, and (iv) the reasons supporting the <span class="dictionary">revocation</span> or suspension; and <a id="paragraph-1395313" class="section-permalink" href="https://vacode.org/6.2-1513/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> Serve a copy of the <span class="dictionary">order</span> upon the <span class="dictionary">licensee</span>. <a id="paragraph-1395314" class="section-permalink" href="https://vacode.org/6.2-1513/#3"><i class="fa fa-link"/></a></p></section></text><history>Code 1950, &#xA7; 6-292; 1966, c. 584, &#xA7; 6.1-262; 2010, c. 794.</history><metadata><court_decisions></court_decisions></metadata></law>
