Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-284.1 What note or other instrument shall show

§ 6.1-284.1. What note or other instrument shall show

No licensee shall take any note, promise to pay, or instrument of security in which blanks are left to be filled in after execution, or that does not give the amount of the loan, a clear description of the installment payments required, and the rate of interest charged. A licensee may also include the disclosures required by Federal Reserve Board Regulation Z, 12 CFR Part 226, in the note, promise to pay, or instrument of security.

(1987, c. 683; 1995, c. 2.)

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Last modified: April 2, 2009