{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-1410.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-1410.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-1410.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-1410.html"}],"law_id":373825,"edition_id":2,"section_id":373825,"structure_id":53188,"section_number":"6.2-1410","catch_line":"Amount of loan","history":"Code 1950, \u00a7\u00a7 6-250, 6-253, 6-254; 1952, c. 70; 1956, c. 433; 1966, c. 584, \u00a7 6.1-234; 1968, c. 754; 1975, c. 448; 1981, c. 56; 2010, c. 794.","full_text":"No loan made by an association shall be made for a greater amount in the aggregate to any person than 20 percent of the paid-in capital stock and capital surplus of the association.\n\n","order_by":null,"text":{"0":{"id":1395209,"text":"No loan made by an association shall be made for a greater amount in the aggregate to any person than 20 percent of the paid-in capital stock and capital surplus of the association.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53188,"edition_id":2,"name":"Industrial Loan Associations","identifier":"14","label":"chapter","depth":3,"order_by":1,"parent_id":53187,"metadata":{"child_laws":22,"child_structures":0},"date_created":"2026-08-02 03:12:17","date_modified":"2026-08-02 12:28:07","permalink":{"id":1492725,"object_type":"structure","relational_id":53188,"identifier":"14","token":"6.2\/III\/14","url":"\/6.2\/III\/14\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53187,"edition_id":2,"name":"Other Regulated Providers of Financial Services","identifier":"III","label":"subtitle","depth":2,"order_by":3,"parent_id":53152,"metadata":{"child_laws":332,"child_structures":12},"date_created":"2026-08-02 03:12:17","date_modified":"2026-08-02 12:28:07","permalink":{"id":1492723,"object_type":"structure","relational_id":53187,"identifier":"III","token":"6.2\/III","url":"\/6.2\/III\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53152,"edition_id":2,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":10,"parent_id":null,"metadata":{"child_laws":961,"child_structures":89},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:53","permalink":{"id":1490251,"object_type":"structure","relational_id":53152,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":373815,"structure_id":53188,"section_number":"6.2-1400","catch_line":"Definitions","url":"\/6.2-1400\/","token":"6.2\/III\/14\/6.2-1400","metadata":false},{"id":373816,"structure_id":53188,"section_number":"6.2-1401","catch_line":"Powers of associations","url":"\/6.2-1401\/","token":"6.2\/III\/14\/6.2-1401","metadata":false},{"id":373817,"structure_id":53188,"section_number":"6.2-1402","catch_line":"Use of certain words in name prohibited","url":"\/6.2-1402\/","token":"6.2\/III\/14\/6.2-1402","metadata":false},{"id":373818,"structure_id":53188,"section_number":"6.2-1403","catch_line":"Directors","url":"\/6.2-1403\/","token":"6.2\/III\/14\/6.2-1403","metadata":false},{"id":373819,"structure_id":53188,"section_number":"6.2-1404","catch_line":"Commission may regulate issuance of evidences of debt","url":"\/6.2-1404\/","token":"6.2\/III\/14\/6.2-1404","metadata":false},{"id":373820,"structure_id":53188,"section_number":"6.2-1405","catch_line":"Extent to which associations regarded as banks; conversion of certain associations to banks; new associations not authorized","url":"\/6.2-1405\/","token":"6.2\/III\/14\/6.2-1405","metadata":false},{"id":373821,"structure_id":53188,"section_number":"6.2-1406","catch_line":"Sale of certificates of investment by certain associations prohibited","url":"\/6.2-1406\/","token":"6.2\/III\/14\/6.2-1406","metadata":false},{"id":373822,"structure_id":53188,"section_number":"6.2-1407","catch_line":"Prohibitions on associations with certificates issued and outstanding; advertisements","url":"\/6.2-1407\/","token":"6.2\/III\/14\/6.2-1407","metadata":false},{"id":373823,"structure_id":53188,"section_number":"6.2-1408","catch_line":"Associations to have one office; how office moved","url":"\/6.2-1408\/","token":"6.2\/III\/14\/6.2-1408","metadata":false},{"id":373824,"structure_id":53188,"section_number":"6.2-1409","catch_line":"Prepayment by borrower from association; rebates for unearned interest; prepayment penalty","url":"\/6.2-1409\/","token":"6.2\/III\/14\/6.2-1409","metadata":false},{"id":373825,"structure_id":53188,"section_number":"6.2-1410","catch_line":"Amount of loan","url":"\/6.2-1410\/","token":"6.2\/III\/14\/6.2-1410","metadata":false},{"id":373826,"structure_id":53188,"section_number":"6.2-1411","catch_line":"Retention of books, accounts, and records","url":"\/6.2-1411\/","token":"6.2\/III\/14\/6.2-1411","metadata":false},{"id":373827,"structure_id":53188,"section_number":"6.2-1412","catch_line":"Annual report","url":"\/6.2-1412\/","token":"6.2\/III\/14\/6.2-1412","metadata":false},{"id":373828,"structure_id":53188,"section_number":"6.2-1413","catch_line":"Investigations; examinations","url":"\/6.2-1413\/","token":"6.2\/III\/14\/6.2-1413","metadata":false},{"id":373829,"structure_id":53188,"section_number":"6.2-1414","catch_line":"Annual fees","url":"\/6.2-1414\/","token":"6.2\/III\/14\/6.2-1414","metadata":false},{"id":373830,"structure_id":53188,"section_number":"6.2-1415","catch_line":"Regulations","url":"\/6.2-1415\/","token":"6.2\/III\/14\/6.2-1415","metadata":false},{"id":373831,"structure_id":53188,"section_number":"6.2-1416","catch_line":"Prohibited practices","url":"\/6.2-1416\/","token":"6.2\/III\/14\/6.2-1416","metadata":false},{"id":373832,"structure_id":53188,"section_number":"6.2-1417","catch_line":"Escrow accounts","url":"\/6.2-1417\/","token":"6.2\/III\/14\/6.2-1417","metadata":false},{"id":373833,"structure_id":53188,"section_number":"6.2-1418","catch_line":"Suspension or revocation of authority","url":"\/6.2-1418\/","token":"6.2\/III\/14\/6.2-1418","metadata":false},{"id":373834,"structure_id":53188,"section_number":"6.2-1419","catch_line":"Cease and desist orders","url":"\/6.2-1419\/","token":"6.2\/III\/14\/6.2-1419","metadata":false},{"id":373835,"structure_id":53188,"section_number":"6.2-1420","catch_line":"Notice of proposed suspension or revocation","url":"\/6.2-1420\/","token":"6.2\/III\/14\/6.2-1420","metadata":false},{"id":373836,"structure_id":53188,"section_number":"6.2-1421","catch_line":"Civil penalties","url":"\/6.2-1421\/","token":"6.2\/III\/14\/6.2-1421","metadata":false}],"previous_section":{"id":373824,"structure_id":53188,"section_number":"6.2-1409","catch_line":"Prepayment by borrower from association; rebates for unearned interest; prepayment penalty","url":"\/6.2-1409\/","token":"6.2\/III\/14\/6.2-1409","metadata":false},"next_section":{"id":373826,"structure_id":53188,"section_number":"6.2-1411","catch_line":"Retention of books, accounts, and records","url":"\/6.2-1411\/","token":"6.2\/III\/14\/6.2-1411","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1410\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 7 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1952, chapter 70; in 1956, chapter 433; in 1966, chapter 584; in 1968, chapter 754; in 1975, chapter 448; in 1981, chapter 56; in 2010, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?101+ful+CHAP0794\">794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1492767,"object_type":"law","relational_id":373825,"identifier":"6.2-1410","token":"6.2\/III\/14\/6.2-1410","url":"\/6.2-1410\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-1410\/","token":"6.2\/III\/14\/6.2-1410","dublin_core":{"Title":"Amount of loan","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1410","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>No loan made by an <span class=\"dictionary\">association<\/span> shall be made for a greater amount in the aggregate to any <span class=\"dictionary\">person<\/span> than 20 percent of the paid-in capital stock and capital surplus of the <span class=\"dictionary\">association<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nAMOUNT OF LOAN (\u00a7 6.2-1410)\n\nNo loan made by an association shall be made for a greater amount in the\naggregate to any person than 20 percent of the paid-in capital stock and capital\nsurplus of the association.\n\nHISTORY: Code 1950, \u00a7\u00a7 6-250, 6-253, 6-254; 1952, c. 70; 1956, c. 433; 1966,\nc. 584, \u00a7 6.1-234; 1968, c. 754; 1975, c. 448; 1981, c. 56; 2010, c. 794.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}