Virginia § 54.1-3905 Furnishing advice and services for compensation in connection with certain debt-pooling plans deemed practicing law

Virginia Statutes

§ 54.1-3905 — Furnishing advice and services for compensation in connection with certain debt-pooling plans deemed practicing law

Virginia § 54.1-3905

JurisdictionVirginia

Title 54.1PROFESSIONS AND OCCUPATIONS

Subtitle IVPROFESSIONS REGULATED BY THE SUPREME COURT

Ch. 39ATTORNEYS

Art. 1General Provisions

This text of Virginia § 54.1-3905 (Furnishing advice and services for compensation in connection with certain debt-pooling plans deemed practicing law) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 54.1-3905 (2026).

Text

The furnishing of advice or services for compensation to a debtor in connection with a debt-pooling plan pursuant to which the debtor deposits funds for the purpose of distributing them among his creditors, except as authorized for persons licensed pursuant to § 6.2-2005, shall be deemed to be practicing law. Any person or agency not so authorized or who is not a member of the Virginia State Bar who furnishes or offers to furnish such advice or services for compensation shall be in violation of this section. However, it shall not constitute the practice of law merely to make or undertake to make payments to creditors on behalf of debtors, provided any person or agency that does so does not also negotiate with creditors, undertake to negotiate with creditors, or hold itself out as undertaki

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The furnishing of advice or services for compensation to a debtor in connection with a debt-pooling plan pursuant to which the debtor deposits funds for the purpose of distributing them among his creditors, except as authorized for persons licensed pursuant to § 6.2-2005, shall be deemed to be practicing law. Any person or agency not so authorized or who is not a member of the Virginia State Bar who furnishes or offers to furnish such advice or services for compensation shall be in violation of this section. However, it shall not constitute the practice of law merely to make or undertake to make payments to creditors on behalf of debtors, provided any person or agency that does so does not also negotiate with creditors, undertake to negotiate with creditors, or hold itself out as undertaking to negotiate with creditors on behalf of one or more debtors. Any person who violates this section shall be guilty of a Class 1 misdemeanor.