Code of Virginia - Title 59.1 Trade And Commerce - Chapter 25.1 Virginia Credit Services Businesses Act

• 59.1-335.1 Title
  This chapter may be cited as the "Virginia Credit Services Businesses Act." (1989, cc. 651, 655.) ...
• 59.1-335.2 Definitions
  In this chapter the following words have the following meanings: "Attorney General" means the Office of the Attorney General of Virginia. "Commissioner" means the Commissioner ...
• 59.1-335.3 Registration; fees
  A. It shall be unlawful for any credit services business to offer, advertise, or execute or cause to be executed by a consumer any contract ...
• 59.1-335.4 Bond or letter of credit required
  A. Every credit services business, before it enters into a contract with a consumer, shall file and maintain with the Commissioner, in form and substance ...
• 59.1-335.5 Prohibited practices
  A credit services business, and its salespersons, agents and representatives, and independent contractors who sell or attempt to sell the services of a credit services ...
• 59.1-335.6 Information statement required
  Before (i) the execution of a contract or agreement between a consumer and a credit services business or (ii) the receipt by the credit services ...
• 59.1-335.7 Contents of information statement
  The information statement required under § 59.1-335.6 of this chapter shall include all of the following: 1. a. A complete and accurate statement of the ...
• 59.1-335.8 Contents of contracts
  A. Every contract between a consumer and a credit services business for the purchase of the services of the credit services business shall be in ...
• 59.1-335.9 Breach; null and void contract
  A. Any breach by a credit services business of a contract under this chapter, or of any obligation arising under it, shall constitute a violation ...
• 59.1-335.10 Liability to consumer
  A. Any credit services business which willfully fails to comply with any requirement imposed under this chapter with respect to any consumer is liable to ...
• 59.1-335.11 Statute of limitations
  An action to enforce any liability created under this chapter may be brought within two years from the date on which the liability arises, except ...
• 59.1-335.12 Violations of chapter; enforcement
  A. Each sale of the services of a credit services business that violates any provision of this chapter is a prohibited practice under § 59.1-200. ...

Last modified: April 3, 2009