Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-445 License requirement

§ 6.1-445. License requirement

A. No person shall engage in the business of making payday loans to any consumer residing in the Commonwealth, whether or not the person has a location in the Commonwealth, except in accordance with the provisions of this chapter and without having first obtained a license under this chapter from the Commission.

B. No person shall engage in the business of arranging or brokering payday loans for any consumer residing in the Commonwealth, whether or not the person has a location in the Commonwealth.

(2002, c. 897; 2005, c. 571.)

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Last modified: April 2, 2009