GroundRules
10VAC5-50-10: Disclosure on debt instruments; minimum amount and maturity
Where this section sits in the code
- Title 10. Finance And Financial Institutions
- Agency 5. State Corporation Commission
- Chapter 50. Industrial Loan Associations
No bond, debenture, or other evidence of debt, however described, shall be offered, nor shall any such instrument be issued for offer to the general public by advertisement or solicitation, unless such instrument states on its face in a prominent manner the words:
"This instrument is not a deposit. It is not insured or guaranteed by any governmental agency or private insurance company."
No such evidence of debt shall mature less than one year from its issuance, nor shall any such instrument be issued for an amount less than $1,000.
Collected 2026-09-14T04:49:32Z. Source file · JSON