Motor Vehicle Title Loans
This is Chapter 22 of the Code of Virginia, titled “Motor Vehicle Title Loans.” It is part of Title 6.2, titled “Financial Institutions And Services.” It is part of Subtitle III, titled “Other Regulated Providers Of Financial Services.” It’s comprised of the following 28 sections.
- § 6.2-2200
- Definitions
- § 6.2-2201
- License required
- § 6.2-2202
- Scope of chapter
- § 6.2-2203
- Application for license; form; content; fee
- § 6.2-2204
- Bond required
- § 6.2-2205
- Investigation of applications
- § 6.2-2206
- Qualifications
- § 6.2-2207
- Licenses; places of business; changes
- § 6.2-2208
- Acquisition of control; application
- § 6.2-2209
- Retention of books, accounts, and records
- § 6.2-2210
- Annual report
- § 6.2-2211
- Other reporting requirements
- § 6.2-2212
- Investigations; examinations
- § 6.2-2213
- Annual fees
- § 6.2-2214
- Regulations
- § 6.2-2215
- Required and prohibited business methods
- § 6.2-2216
- Interest and other charges; term; monthly payments
- § 6.2-2217
- Limited recourse; repossession and sale of motor vehicle
- § 6.2-2218
- Advertising
- § 6.2-2219
- Suspension or revocation of license
- § 6.2-2220
- Cease and desist orders
- § 6.2-2221
- Notice of proposed suspension or revocation
- § 6.2-2222
- Fines for violations
- § 6.2-2223
- Criminal penalty
- § 6.2-2224
- Validity of noncompliant loan agreement
- § 6.2-2225
- Application of chapter to Internet loans
- § 6.2-2226
- Authority of Attorney General; referral by Commission to Attorney General
- § 6.2-2227
- Violation of the Virginia Consumer Protection Act