Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-308 Violation of { 6.1-249

§ 6.1-308. Violation of { 6.1-249

A. Any person and the several members, officers, directors, agents, and employees thereof, who violate or participate in the violation of any provision of § 6.1-249 shall be guilty of a Class 2 misdemeanor.

B. Any contract of loan in the making or collection of which any act has been done which violates § 6.1-249 shall be void and the lender shall not collect, receive, or retain any principal, interest, or charges whatsoever, and any amount paid on account of principal or interest on any such loan shall be recoverable by the person by or for whom payment was made.

(Code 1950, § 6-337; 1966, c. 584; 1986, c. 502.)

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Last modified: April 16, 2009