Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-248 Effect of amendment of chapter on preexisting contracts

§ 6.1-248. Effect of amendment of chapter on preexisting contracts

This chapter or any part of it may be modified, amended, or repealed so as to effect a cancellation or alteration of any license or right of a licensee thereunder provided that the cancellation or alteration shall not impair or affect the obligation of any preexisting lawful contract between any licensee and any borrower.

(Code 1950, § 6-278; 1966, c. 584.)

Sections:  Previous  6.1-244  6.1-245  6.1-246  6.1-247  6.1-248  6.1-249  6.1-250  6.1-251  6.1-252  6.1-253  6.1-254  6.1-255  6.1-256  6.1-256.1  6.1-257  Next

Last modified: April 2, 2009