Virginia § 6.2-1541 Unlawful contracts void; recovery of amounts paid

Virginia Statutes

§ 6.2-1541 — Unlawful contracts void; recovery of amounts paid

Virginia § 6.2-1541

Title 6.2FINANCIAL INSTITUTIONS AND SERVICES

Subtitle IIIOTHER REGULATED PROVIDERS OF FINANCIAL SERVICES

Ch. 15CONSUMER FINANCE COMPANIES

This text of Virginia § 6.2-1541 (Unlawful contracts void; recovery of amounts paid) 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. § 6.2-1541 (2026).

Text

A.A loan contract shall be void if any act has been done in the making or collection thereof that violates § 6.2-1501.

B.The lender on any loan for which a person has taken any action in its making or collection in violation of § 6.2-1501 shall not collect, receive, or retain any principal, interest, or charges whatsoever with respect to the loan, and any principal or interest paid on the loan shall be recoverable by the person by or for whom payment was made.

Free access — add to your briefcase to read the full text and ask questions with AI

A. A loan contract shall be void if any act has been done in the making or collection thereof that violates § 6.2-1501.

B. The lender on any loan for which a person has taken any action in its making or collection in violation of § 6.2-1501 shall not collect, receive, or retain any principal, interest, or charges whatsoever with respect to the loan, and any principal or interest paid on the loan shall be recoverable by the person by or for whom payment was made.