CODE OF VIRGINIA

LAW GOVERNING OPEN-END CREDIT CONTRACT OR PLAN BY BANK OR SAVINGS INSTITUTION
(§ 6.2-434)

An open-end credit plan, as defined in § 6.2-300, between a bank or savings
institution and an obligor, or any plan which permits an obligor to avail
himself of the credit so established, shall be governed solely by federal law,
and by the laws of the Commonwealth, unless otherwise expressly agreed in
writing by the parties.

HISTORY: 1987, cc. 622, 639, 714, § 6.1-330.63; 1992, Sp. Sess., c. 4; 1997, c.
112; 2005, c. 670; 2010, c. 794.