§ 6.1-330.62. Loans of up to one year
Any bank, savings institution, or any broker duly licensed to transact business as a stockbroker or as a broker dealing in options and futures under the provisions of Title 58.1, may loan money or discount bonds, bills, notes or other paper payable on demand or for periods up to one year, and such loan or discounting may be lawfully enforced as agreed in the contract of indebtedness. An interest rate charged in advance upon the entire amount of the loan or discount shall be lawful.
(1987, c. 622.)
Sections: Previous 6.1-330.55 6.1-330.56 6.1-330.57 6.1-330.58 6.1-330.59 6.1-330.60 6.1-330.61 6.1-330.62 6.1-330.63 6.1-330.64 6.1-330.65 6.1-330.66 6.1-330.66:1 6.1-330.67 6.1-330.68 NextLast modified: April 2, 2009