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HB1166 • 2026

Financial institutions; check cashers, expiration of registration, delayed effective date.

An Act to amend and reenact § 6.2-2103 of the Code of Virginia, relating to financial institutions; check cashers; expiration of registration.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Carroll
Last action
2026-04-08
Official status
Acts of Assembly Chapter
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Financial institutions; check cashers, expiration of registration, delayed effective date.

Financial institutions; check cashers; expiration of registration.

What This Bill Does

  • Financial institutions; check cashers; expiration of registration.
  • Provides that for check cashers registered with the State Corporation Commission, such registration shall automatically expire if a registrant fails to pay the annual registration fee by July 1 of each year.
  • The bill has a delayed effective date of January 1, 2027.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-04-08 Governor

    Approved by Governor-Chapter 453 (Effective - 1/1/2027)

  2. 2026-04-08 Governor

    Acts of Assembly Chapter text (CHAP0453)

  3. 2026-04-06 House

    Fiscal Impact Statement from State Corporation Commission (HB1166)

  4. 2026-03-31 House

    Enrolled Bill communicated to Governor on March 31, 2026

  5. 2026-03-31 Governor

    Governor's Action Deadline 11:59 p.m., April 13, 2026

  6. 2026-03-31 House

    Enrolled Bill communicated to Governor on March 31, 2026

  7. 2026-03-31 Governor

    Governor's Action Deadline 11:59 p.m., April 13, 2026

  8. 2026-03-31 House

    Signed by Speaker

  9. 2026-03-31 House

    Enrolled Bill communicated to Governor on March 31, 2026

  10. 2026-03-31 Governor

    Governor's Action Deadline 11:59 p.m., April 13, 2026

  11. 2026-03-30 Senate

    Signed by President

  12. 2026-03-30 House

    Enrolled

  13. 2026-03-30 House

    Bill text as passed House and Senate (HB1166ER)

  14. 2026-03-11 Senate

    Read third time

  15. 2026-03-11 Senate

    Passed Senate

  16. 2026-03-11 Senate

    Passed Senate

  17. 2026-03-11 Senate

    Passed Senate Block Vote (39-Y 0-N 0-A)

  18. 2026-03-11 Senate

    Reconsideration of Senate passage agreed to by Senate Block Vote (40-Y 0-N 0-A)

  19. 2026-03-11 Senate

    Passed Senate Block Vote (40-Y 0-N 0-A)

  20. 2026-03-10 Senate

    Rules suspended

  21. 2026-03-10 Senate

    Passed by for the day

  22. 2026-03-10 Senate

    Constitutional reading dispensed Block Vote (on 2nd reading) (37-Y 0-N 0-A)

  23. 2026-03-10 Senate

    Passed by for the day Block Vote (Voice Vote)

  24. 2026-03-09 Commerce and Labor

    Reported from Commerce and Labor (15-Y 0-N)

  25. 2026-02-12 Senate

    Constitutional reading dispensed (on 1st reading)

  26. 2026-02-12 Commerce and Labor

    Referred to Committee on Commerce and Labor

  27. 2026-02-11 House

    Read third time and passed House (91-Y 6-N 0-A)

  28. 2026-02-10 House

    Read second time and engrossed

  29. 2026-02-09 House

    Read first time

  30. 2026-02-05 Labor and Commerce

    Reported from Labor and Commerce (21-Y 1-N)

  31. 2026-02-03 Subcommittee #1

    Subcommittee recommends reporting (9-Y 0-N)

  32. 2026-01-27 Subcommittee #1

    Assigned HCL sub: Subcommittee #1

  33. 2026-01-26 House

    Fiscal Impact Statement from State Corporation Commission (HB1166)

  34. 2026-01-14 House

    Prefiled and ordered printed; Offered 01-14-2026 26103285D

  35. 2026-01-14 Labor and Commerce

    Referred to Committee on Labor and Commerce

Official Summary Text

Financial institutions; check cashers; expiration of registration.
Provides that for check cashers registered with the State Corporation Commission, such registration shall automatically expire if a registrant fails to pay the annual registration fee by July 1 of each year. The bill has a delayed effective date of January 1, 2027.

Current Bill Text

Read the full stored bill text 
An Act to amend and reenact §
6.2-2103
of the Code of Virginia, relating to financial institutions; check cashers; expiration of registration.
Be it enacted by the General Assembly of Virginia:
1. That §
6.2-2103
of the Code of Virginia is amended and reenacted as follows:
§
6.2-2103
. Registration fees; reports.
A. Each registration form shall be accompanied by payment of a $200 fee, which shall not be refundable or abated in any event.
B. To defray the costs of their examination, supervision
,
and regulation,
check cashers required to be registered under this chapter
each registrant
shall pay to the Commission annually on or before July 1 a registration fee in an amount prescribed by the Commission, but not exceeding $250.
If a registrant fails to pay the annual registration fee by July 1 of each year, its registration shall automatically expire by operation of law.
C. All fees shall be paid into the state treasury and credited to the "Financial Institutions Special Fund -- State Corporation Commission."
D. Every check casher required to be registered under this chapter shall file such annual or other reports as the Commission may prescribe.
2. That the provisions of this act shall become effective on January 1, 2027.