{"data":{"id":"us-va/10vac5-120-80","jurisdiction":"us-va","citation":"10VAC5-120-80","heading":"Permissible investments","body":"A. Permissible investments maintained by a licensee pursuant to § 6.2-1918 of the Code of Virginia shall be unencumbered and held solely in the name of the licensee.\n\nB. In addition to the investments specified in § 6.2-1919 of the Code of Virginia, the following investments shall be considered permissible under § 6.2-1918 of the Code of Virginia: any receivables that are (i) payable to a licensee from any bank, savings institution, or credit union that is chartered under the laws of the United States or any state thereof; (ii) comprised of funds that have been tendered by residents of the United States for money transmission transactions; and (iii) no more than seven days old.\n\nC. The receivables specified in § 6.2-1919 A 5 of the Code of Virginia shall be limited to funds that have been collected by a licensee's authorized delegates directly from residents of the United States for money transmission transactions.","path":["Title 10. Finance And Financial Institutions","Agency 5. State Corporation Commission","Chapter 120. Money Order Sellers and Money Transmitters"],"source_url":"https://law.lis.virginia.gov/admincode/title10/agency5/chapter120/section80/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:49:33Z","sha256":"f1e91d9732ab8fb17194446244e614b34b5ef71cd1652b479fdda9d2da0ce786","source_id":"us-va-vac","stale":false,"prev":"us-va/10vac5-120-70","next":"us-va/10vac5-120-90"},"notice":"GroundRules: Original legal text. Not legal advice."}