{"data":{"id":"us-va/10vac5-50-20","jurisdiction":"us-va","citation":"10VAC5-50-20","heading":"Surety bond upon all active officers","body":"A. Every industrial loan association as defined in Chapter  14 (§  6.2-1400 et seq.) of Title  6.2 of the Code of Virginia shall obtain and keep in force upon all its active officers a bond or bonds in a surety company authorized to do business in this Commonwealth in the penalty of whatever amount is deemed appropriate by its board of directors.\n\nB. No bond given pursuant to this section may be cancelled without first giving the Commissioner of Financial Institutions 10 days written notice of such cancellation, and every such bond shall contain a provision to that effect.","path":["Title 10. Finance And Financial Institutions","Agency 5. State Corporation Commission","Chapter 50. Industrial Loan Associations"],"source_url":"https://law.lis.virginia.gov/admincode/title10/agency5/chapter50/section20/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:49:32Z","sha256":"31f0fcea5a30edaad3fda6e792b51588fc7709c25239a4d0974e64354b39e0d3","source_id":"us-va-vac","stale":false,"prev":"us-va/10vac5-50-10","next":"us-va/10vac5-50-30"},"notice":"GroundRules: Original legal text. Not legal advice."}