{"data":{"id":"us-va/va.-code-6.2-1950","jurisdiction":"us-va","citation":"Va. Code § 6.2-1950","heading":"(Effective July 1, 2026) Net worth","body":"A. A licensee shall maintain at all times a tangible net worth in an amount not less than the following:1. For a licensee with total assets in an amount not greater than $100 million, the greater of $100,000 or three percent of the value of the licensee's total assets.2. For a licensee with total assets in an amount greater than $100 million and not greater than $1 billion, the sum of $3 million and two percent of the additional assets in excess of $100 million.3. For a licensee with total assets in an amount greater than $1 billion, the sum of $21 million and 0.5 percent of the additional assets in excess of $1 billion.B. Tangible net worth shall be demonstrated at initial application and thereafter in a manner prescribed by the Commission.2025, c. 214.","path":["Title 6.2. Financial Institutions and Services","Subtitle III. Other Regulated Providers of Financial Services","Chapter 19.1. Money Transmitters"],"source_url":"https://law.lis.virginia.gov/vacode/6.2-1950/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:12:34Z","sha256":"39f08b0824846336ba1369e6067eca8d39e78a3b085243d6bbbdd0fb3cd7eae5","source_id":"us-va","stale":true,"prev":"us-va/va.-code-6.2-1949","next":"us-va/va.-code-6.2-1951"},"notice":"GroundRules: Original legal text. Not legal advice."}