Payday Lenders
This is Chapter 18 of the Code of Virginia, titled “Payday Lenders.” 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 30 sections.
- § 6.2-1800
- Definitions
- § 6.2-1801
- License requirement
- § 6.2-1802
- Applicability
- § 6.2-1803
- Application for license; form; content; fee
- § 6.2-1804
- Bond required
- § 6.2-1805
- Investigation of applications
- § 6.2-1806
- Qualifications
- § 6.2-1807
- Licenses; places of offices; changes
- § 6.2-1808
- Acquisition of control; application
- § 6.2-1809
- Retention of books, accounts, and records
- § 6.2-1810
- Payday lending database
- § 6.2-1811
- Annual report
- § 6.2-1812
- Other reporting requirements
- § 6.2-1813
- Investigations; examinations
- § 6.2-1814
- Annual fees
- § 6.2-1815
- Regulations
- § 6.2-1816
- Required and prohibited business methods
- § 6.2-1817
- Rate of interest, loan fee, and verification fee
- § 6.2-1818
- Additional charges
- § 6.2-1819
- Advertising
- § 6.2-1820
- Other business
- § 6.2-1821
- Suspension or revocation of license
- § 6.2-1822
- Cease and desist orders
- § 6.2-1823
- Notice of proposed suspension or revocation
- § 6.2-1824
- Civil penalties
- § 6.2-1825
- Criminal penalties
- § 6.2-1826
- Validity of noncompliant loan agreement; private right of action
- § 6.2-1827
- Application of chapter to Internet loans
- § 6.2-1828
- Authority of Attorney General; referral by Commission to Attorney General
- § 6.2-1829
- Violation of the Virginia Consumer Protection Act