{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-1525.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-1525.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-1525.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-1525.html"}],"law_id":373866,"edition_id":2,"section_id":373866,"structure_id":53189,"section_number":"6.2-1525","catch_line":"Wage purchases","history":"Code 1950, \u00a7 6-317; 1956, c. 71; 1966, c. 584, \u00a7 6.1-288; 1968, c. 489; 1974, c. 371; 1995, c. 2; 2001, c. 308; 2010, c. 794.","full_text":"The payment of any amount in money, credit, goods or things in action, as consideration for any sale or assignment of, or order for, the payment of wages, salary, commission, or other compensation for services, whether earned or to be earned, shall for the purposes of this chapter be deemed a loan of money secured by the sale, assignment or order. The amount by which the compensation so sold, assigned or ordered paid exceeds the amount of consideration actually paid (i) shall be deemed for the purpose of this chapter to be interest upon the loan from the date of the payment to the date the compensation is payable and (ii) shall not, in any case, be more than is sufficient to yield, to the person making the loan, interest on his investment at the annual rate of 10 percent. Such transaction shall in all other respects be governed by and subject to the provisions of this chapter.\n\n","order_by":null,"text":{"0":{"id":1395370,"text":"The payment of any amount in money, credit, goods or things in action, as consideration for any sale or assignment of, or order for, the payment of wages, salary, commission, or other compensation for services, whether earned or to be earned, shall for the purposes of this chapter be deemed a loan of money secured by the sale, assignment or order. The amount by which the compensation so sold, assigned or ordered paid exceeds the amount of consideration actually paid (i) shall be deemed for the purpose of this chapter to be interest upon the loan from the date of the payment to the date the compensation is payable and (ii) shall not, in any case, be more than is sufficient to yield, to the person making the loan, interest on his investment at the annual rate of 10 percent. Such transaction shall in all other respects be governed by and subject to the provisions of this chapter.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53189,"edition_id":2,"name":"Consumer Finance Companies","identifier":"15","label":"chapter","depth":3,"order_by":1,"parent_id":53187,"metadata":{"child_laws":48,"child_structures":0},"date_created":"2026-08-02 03:12:19","date_modified":"2026-08-02 12:28:07","permalink":{"id":1492815,"object_type":"structure","relational_id":53189,"identifier":"15","token":"6.2\/III\/15","url":"\/6.2\/III\/15\/","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":373837,"structure_id":53189,"section_number":"6.2-1500","catch_line":"Definitions","url":"\/6.2-1500\/","token":"6.2\/III\/15\/6.2-1500","metadata":false},{"id":373838,"structure_id":53189,"section_number":"6.2-1501","catch_line":"Compliance with chapter; license required; attempts to evade application of chapter","url":"\/6.2-1501\/","token":"6.2\/III\/15\/6.2-1501","metadata":false},{"id":373839,"structure_id":53189,"section_number":"6.2-1502","catch_line":"Certain persons ineligible as licensees; exception for subsidiaries","url":"\/6.2-1502\/","token":"6.2\/III\/15\/6.2-1502","metadata":false},{"id":373840,"structure_id":53189,"section_number":"6.2-1503","catch_line":"Scope of chapter","url":"\/6.2-1503\/","token":"6.2\/III\/15\/6.2-1503","metadata":{"court_decisions":""}},{"id":373841,"structure_id":53189,"section_number":"6.2-1504","catch_line":"Restrictions on name","url":"\/6.2-1504\/","token":"6.2\/III\/15\/6.2-1504","metadata":{"court_decisions":""}},{"id":373842,"structure_id":53189,"section_number":"6.2-1505","catch_line":"Application for license; application fee","url":"\/6.2-1505\/","token":"6.2\/III\/15\/6.2-1505","metadata":false},{"id":373843,"structure_id":53189,"section_number":"6.2-1506","catch_line":"Investigation of application","url":"\/6.2-1506\/","token":"6.2\/III\/15\/6.2-1506","metadata":{"court_decisions":""}},{"id":373844,"structure_id":53189,"section_number":"6.2-1507","catch_line":"Issuance of license","url":"\/6.2-1507\/","token":"6.2\/III\/15\/6.2-1507","metadata":{"court_decisions":""}},{"id":373846,"structure_id":53189,"section_number":"6.2-1508","catch_line":"Notices to Commission","url":"\/6.2-1508\/","token":"6.2\/III\/15\/6.2-1508","metadata":false},{"id":373845,"structure_id":53189,"section_number":"6.2-1508.1","catch_line":"Additional offices; relocation of offices","url":"\/6.2-1508.1\/","token":"6.2\/III\/15\/6.2-1508.1","metadata":false},{"id":373847,"structure_id":53189,"section_number":"6.2-1509","catch_line":"Contents, posting, transfer, and duration of license","url":"\/6.2-1509\/","token":"6.2\/III\/15\/6.2-1509","metadata":false},{"id":373848,"structure_id":53189,"section_number":"6.2-1510","catch_line":"Acquisition of control; application","url":"\/6.2-1510\/","token":"6.2\/III\/15\/6.2-1510","metadata":false},{"id":373849,"structure_id":53189,"section_number":"6.2-1511","catch_line":"Revocation of license","url":"\/6.2-1511\/","token":"6.2\/III\/15\/6.2-1511","metadata":{"court_decisions":""}},{"id":373850,"structure_id":53189,"section_number":"6.2-1512","catch_line":"Suspension of license","url":"\/6.2-1512\/","token":"6.2\/III\/15\/6.2-1512","metadata":false},{"id":373851,"structure_id":53189,"section_number":"6.2-1513","catch_line":"Record and notice of revocation or suspension","url":"\/6.2-1513\/","token":"6.2\/III\/15\/6.2-1513","metadata":{"court_decisions":""}},{"id":373852,"structure_id":53189,"section_number":"6.2-1514","catch_line":"Surrender of license","url":"\/6.2-1514\/","token":"6.2\/III\/15\/6.2-1514","metadata":false},{"id":373853,"structure_id":53189,"section_number":"6.2-1515","catch_line":"Effect of license revocation, suspension, or surrender","url":"\/6.2-1515\/","token":"6.2\/III\/15\/6.2-1515","metadata":false},{"id":373854,"structure_id":53189,"section_number":"6.2-1516","catch_line":"Reinstatement of license","url":"\/6.2-1516\/","token":"6.2\/III\/15\/6.2-1516","metadata":false},{"id":373855,"structure_id":53189,"section_number":"6.2-1517","catch_line":"Place of business generally","url":"\/6.2-1517\/","token":"6.2\/III\/15\/6.2-1517","metadata":false},{"id":373856,"structure_id":53189,"section_number":"6.2-1518","catch_line":"Notice of conduct of other business in same place of business; fee","url":"\/6.2-1518\/","token":"6.2\/III\/15\/6.2-1518","metadata":{"court_decisions":""}},{"id":373857,"structure_id":53189,"section_number":"6.2-1519","catch_line":"Changing place of business","url":"\/6.2-1519\/","token":"6.2\/III\/15\/6.2-1519","metadata":false},{"id":373858,"structure_id":53189,"section_number":"6.2-1520","catch_line":"Rate of interest; late charges; processing fees","url":"\/6.2-1520\/","token":"6.2\/III\/15\/6.2-1520","metadata":{"court_decisions":""}},{"id":373859,"structure_id":53189,"section_number":"6.2-1521","catch_line":"Post-judgment charges","url":"\/6.2-1521\/","token":"6.2\/III\/15\/6.2-1521","metadata":{"court_decisions":""}},{"id":373860,"structure_id":53189,"section_number":"6.2-1522","catch_line":"Other limitations on interest","url":"\/6.2-1522\/","token":"6.2\/III\/15\/6.2-1522","metadata":{"court_decisions":""}},{"id":373864,"structure_id":53189,"section_number":"6.2-1523","catch_line":"Additional charges prohibited; exceptions","url":"\/6.2-1523\/","token":"6.2\/III\/15\/6.2-1523","metadata":{"court_decisions":""}},{"id":373861,"structure_id":53189,"section_number":"6.2-1523.1","catch_line":"(Effective July 1, 2026) Access partners","url":"\/6.2-1523.1\/","token":"6.2\/III\/15\/6.2-1523.1","metadata":false},{"id":373862,"structure_id":53189,"section_number":"6.2-1523.2","catch_line":"Application of chapter to Internet loans","url":"\/6.2-1523.2\/","token":"6.2\/III\/15\/6.2-1523.2","metadata":{"court_decisions":""}},{"id":373863,"structure_id":53189,"section_number":"6.2-1523.3","catch_line":"Bond required","url":"\/6.2-1523.3\/","token":"6.2\/III\/15\/6.2-1523.3","metadata":false},{"id":373865,"structure_id":53189,"section_number":"6.2-1524","catch_line":"Required and prohibited activities and conduct","url":"\/6.2-1524\/","token":"6.2\/III\/15\/6.2-1524","metadata":{"court_decisions":""}},{"id":373866,"structure_id":53189,"section_number":"6.2-1525","catch_line":"Wage purchases","url":"\/6.2-1525\/","token":"6.2\/III\/15\/6.2-1525","metadata":{"court_decisions":""}},{"id":373867,"structure_id":53189,"section_number":"6.2-1526","catch_line":"Wage assignments","url":"\/6.2-1526\/","token":"6.2\/III\/15\/6.2-1526","metadata":false},{"id":373868,"structure_id":53189,"section_number":"6.2-1527","catch_line":"Liens on household furniture","url":"\/6.2-1527\/","token":"6.2\/III\/15\/6.2-1527","metadata":false},{"id":373869,"structure_id":53189,"section_number":"6.2-1528","catch_line":"Exemptions unimpaired","url":"\/6.2-1528\/","token":"6.2\/III\/15\/6.2-1528","metadata":false},{"id":373870,"structure_id":53189,"section_number":"6.2-1529","catch_line":"Collection of loans made outside Commonwealth","url":"\/6.2-1529\/","token":"6.2\/III\/15\/6.2-1529","metadata":{"court_decisions":""}},{"id":373871,"structure_id":53189,"section_number":"6.2-1530","catch_line":"Investigations; immunities","url":"\/6.2-1530\/","token":"6.2\/III\/15\/6.2-1530","metadata":false},{"id":373872,"structure_id":53189,"section_number":"6.2-1531","catch_line":"Examination","url":"\/6.2-1531\/","token":"6.2\/III\/15\/6.2-1531","metadata":{"court_decisions":""}},{"id":373873,"structure_id":53189,"section_number":"6.2-1532","catch_line":"Fees for examination, supervision and regulation","url":"\/6.2-1532\/","token":"6.2\/III\/15\/6.2-1532","metadata":{"court_decisions":""}},{"id":373874,"structure_id":53189,"section_number":"6.2-1533","catch_line":"Books, accounts, and records; pledge or deposit of notes and securities","url":"\/6.2-1533\/","token":"6.2\/III\/15\/6.2-1533","metadata":{"court_decisions":""}},{"id":373875,"structure_id":53189,"section_number":"6.2-1534","catch_line":"Annual reports","url":"\/6.2-1534\/","token":"6.2\/III\/15\/6.2-1534","metadata":false},{"id":373876,"structure_id":53189,"section_number":"6.2-1535","catch_line":"Regulations and orders","url":"\/6.2-1535\/","token":"6.2\/III\/15\/6.2-1535","metadata":{"court_decisions":""}},{"id":373877,"structure_id":53189,"section_number":"6.2-1536","catch_line":"Disclosures in connection with sale of securities","url":"\/6.2-1536\/","token":"6.2\/III\/15\/6.2-1536","metadata":{"court_decisions":""}},{"id":373878,"structure_id":53189,"section_number":"6.2-1537","catch_line":"Authority of Attorney General; impoundment of property and receivership","url":"\/6.2-1537\/","token":"6.2\/III\/15\/6.2-1537","metadata":false},{"id":373879,"structure_id":53189,"section_number":"6.2-1538","catch_line":"Copies of orders or licenses","url":"\/6.2-1538\/","token":"6.2\/III\/15\/6.2-1538","metadata":false},{"id":373880,"structure_id":53189,"section_number":"6.2-1539","catch_line":"Review by Commission","url":"\/6.2-1539\/","token":"6.2\/III\/15\/6.2-1539","metadata":{"court_decisions":""}},{"id":373881,"structure_id":53189,"section_number":"6.2-1540","catch_line":"Criminal penalties","url":"\/6.2-1540\/","token":"6.2\/III\/15\/6.2-1540","metadata":{"court_decisions":""}},{"id":373882,"structure_id":53189,"section_number":"6.2-1541","catch_line":"Unlawful contracts void; recovery of amounts paid","url":"\/6.2-1541\/","token":"6.2\/III\/15\/6.2-1541","metadata":{"court_decisions":{"0":{"name":"Taylor v. Allied Title Lending, LLC (In re Taylor)","case_number":"Case No. 17-30142-KRH; Adv. Pro. No. 18-03003-KRH","citation":"594 B.R. 643","date":"2018-11-20","url":"https:\/\/www.courtlistener.com\/opinion\/8529331\/taylor-v-allied-title-lending-llc-in-re-taylor\/","abstract":" .\u202f.\u202f. Kevin R. Huennekens, UNITED STATES BANKRUPTCY JUDGE .\u202f.\u202f. ","court_html":"United States Bankruptcy Court, E.D. Virginia"},"1":{"name":"Gibbs v. Haynes Invs., LLC","case_number":"Civil Action No. 3:18cv48","citation":"368 F. Supp. 3d 901","date":"2019-03-22","url":"https:\/\/www.courtlistener.com\/opinion\/7334960\/gibbs-v-haynes-invs-llc\/","abstract":" .\u202f.\u202f. As to Plain Green, Plaintiffs allege that the Haynes Defendants, in conjunction with other actors .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"}}}},{"id":373883,"structure_id":53189,"section_number":"6.2-1542","catch_line":"Duty to refund unauthorized or excess charges; liability to borrower for penalty","url":"\/6.2-1542\/","token":"6.2\/III\/15\/6.2-1542","metadata":false},{"id":373884,"structure_id":53189,"section_number":"6.2-1543","catch_line":"Civil penalties","url":"\/6.2-1543\/","token":"6.2\/III\/15\/6.2-1543","metadata":false}],"previous_section":{"id":373865,"structure_id":53189,"section_number":"6.2-1524","catch_line":"Required and prohibited activities and conduct","url":"\/6.2-1524\/","token":"6.2\/III\/15\/6.2-1524","metadata":{"court_decisions":""}},"next_section":{"id":373867,"structure_id":53189,"section_number":"6.2-1526","catch_line":"Wage assignments","url":"\/6.2-1526\/","token":"6.2\/III\/15\/6.2-1526","metadata":false},"metadata":{"court_decisions":""},"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1525\/","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 1956, chapter 71; in 1966, chapter 584; in 1968, chapter 489; in 1974, chapter 371; in 1995, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?951+ful+CHAP0002\">2<\/a>; in 2001, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?011+ful+CHAP0308\">308<\/a>; 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":1492933,"object_type":"law","relational_id":373866,"identifier":"6.2-1525","token":"6.2\/III\/15\/6.2-1525","url":"\/6.2-1525\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-1525\/","token":"6.2\/III\/15\/6.2-1525","dublin_core":{"Title":"Wage purchases","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1525","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The payment of any amount in money, credit, goods or things in action, as consideration for any sale or assignment of, or <span class=\"dictionary\">order<\/span> for, the payment of wages, salary, <span class=\"dictionary\">commission<\/span>, or other compensation for services, whether earned or to be earned, shall for the purposes of this chapter be deemed a loan of money secured by the sale, assignment or <span class=\"dictionary\">order<\/span>. The amount by which the compensation so sold, assigned or ordered paid exceeds the amount of consideration actually paid (i) shall be deemed for the purpose of this chapter to be interest upon the loan from the date of the payment to the date the compensation is payable and (ii) shall not, in any case, be more than is sufficient to yield, to the <span class=\"dictionary\">person<\/span> making the loan, interest on his investment at the annual rate of 10 percent. Such transaction shall in all other respects be governed by and subject to the provisions of this chapter.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nWAGE PURCHASES (\u00a7 6.2-1525)\n\nThe payment of any amount in money, credit, goods or things in action, as\nconsideration for any sale or assignment of, or order for, the payment of wages,\nsalary, commission, or other compensation for services, whether earned or to be\nearned, shall for the purposes of this chapter be deemed a loan of money secured\nby the sale, assignment or order. The amount by which the compensation so sold,\nassigned or ordered paid exceeds the amount of consideration actually paid (i)\nshall be deemed for the purpose of this chapter to be interest upon the loan\nfrom the date of the payment to the date the compensation is payable and (ii)\nshall not, in any case, be more than is sufficient to yield, to the person\nmaking the loan, interest on his investment at the annual rate of 10 percent.\nSuch transaction shall in all other respects be governed by and subject to the\nprovisions of this chapter.\n\nHISTORY: Code 1950, \u00a7 6-317; 1956, c. 71; 1966, c. 584, \u00a7 6.1-288; 1968, c.\n489; 1974, c. 371; 1995, c. 2; 2001, c. 308; 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"}}