Virginia § 6.2-1949 (Effective July 1, 2026) Payroll processing services

Virginia Statutes

§ 6.2-1949 — (Effective July 1, 2026) Payroll processing services

Virginia § 6.2-1949

Title 6.2Financial Institutions and Services

Subtitle IIIOther Regulated Providers of Financial Services

Ch. 19.1Money Transmitters

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Bluebook

Va. Code Ann. § 6.2-1949 (2026).

Text

A.A licensee that provides payroll processing services shall:

1.Issue reports to customers detailing customer payroll obligations in advance of the payroll funds being deducted from an account; and

2.Make available worker paystubs or equivalent statements to workers.

B.The provisions of subsection A shall not apply to a licensee providing payroll processing services where the licensee's customer designates the intended recipients to the licensee and is responsible for satisfying the requirement in subdivision A 2.

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A. A licensee that provides payroll processing services shall:

1. Issue reports to customers detailing customer payroll obligations in advance of the payroll funds being deducted from an account; and

2. Make available worker paystubs or equivalent statements to workers.

B. The provisions of subsection A shall not apply to a licensee providing payroll processing services where the licensee's customer designates the intended recipients to the licensee and is responsible for satisfying the requirement in subdivision A 2.