CODE OF VIRGINIA

MOTOR VEHICLE PURCHASE LOANS BY SUBSIDIARIES AND AFFILIATES OF BANKS AND SAVINGS
INSTITUTIONS (§ 6.2-314)

Notwithstanding any statutory or case law, a subsidiary or affiliate of a bank
or savings institution that is not a licensee under the provisions of Chapter 15
(§ 6.2-1500 et seq.) may impose finance charges and other charges and fees at
such rates and in such amounts and manner as the borrower has agreed on loans
payable in installments for the purpose of financing the purchase of a motor
vehicle.

HISTORY: 1987, c. 622, § 6.1-330.60; 1996, c. 242; 1997, c. 128; 1999, c. 610;
2001, c. 743; 2010, c. 794.