Debt Settlement Services Providers

This is the 2025 edition of the code. There is not the current edition. Browse all editions.

This is Chapter 20.1 of the Code of Virginia, titled “Debt Settlement Services Providers.” It is part of Subtitle III “Other Regulated Providers of Financial Services”, which is part of Title 6.2 “Financial Institutions and Services”.

It’s comprised of the following 25 sections.

§ 6.2-2026	Definitions
§ 6.2-2027	License requirement; exceptions
§ 6.2-2028	Application for license; form; content; fee
§ 6.2-2029	Bond required
§ 6.2-2030	Investigation of applications
§ 6.2-2031	Qualifications
§ 6.2-2032	Licenses; places of business; changes
§ 6.2-2033	Acquisition of control; application
§ 6.2-2034	Retention of books, accounts, and records; responding to Bureau
§ 6.2-2035	Annual report
§ 6.2-2036	Other reporting requirements
§ 6.2-2037	Investigations; examinations
§ 6.2-2038	Annual fees
§ 6.2-2039	Regulations
§ 6.2-2040	Licensees providing debt settlement services; prohibited and required business methods
§ 6.2-2041	Fee
§ 6.2-2042	Advertising
§ 6.2-2043	Suspension or revocation of license
§ 6.2-2044	Cease and desist orders
§ 6.2-2045	Notice of proposed suspension or revocation
§ 6.2-2046	Civil penalties
§ 6.2-2047	Criminal penalty
§ 6.2-2048	Private right of action
§ 6.2-2049	Authority of Attorney General; referral by Commission to Attorney General
§ 6.2-2050	Violation of the Virginia Consumer Protection Act