Virginia Statutes
§ 6.2-1818.3 — Restriction on certain fees and charges
Virginia § 6.2-1818.3
JurisdictionVirginia
Title 6.2Financial Institutions and Services
Subtitle IIIOther Regulated Providers of Financial Services
Ch. 18Short-term Loans
This text of Virginia § 6.2-1818.3 (Restriction on certain fees and charges) 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. § 6.2-1818.3 (2026).
Text
Notwithstanding any provision of this chapter to the contrary, a licensee shall not contract for, charge, collect, or receive in connection with a short-term loan a total amount of fees and charges that exceeds either (i) 50 percent of the originally contracted loan amount, if the originally contracted loan amount was $1,500 or less or (ii) 60 percent of the originally contracted loan amount, if the originally contracted loan amount was greater than $1,500. For purposes of this section, all charges made in connection with the loan shall be included when calculating the total loan charges except for deposit item return fees and late charges authorized under § 6.2-1817.
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Legislative History
2020, cc. 1215, 1258.
Nearby Sections
15
§ 6.2-100
Definitions§ 6.2-1000
Definitions§ 6.2-1002
Powers of trust institutions§ 6.2-1005
Deposit or other use of trust funds§ 6.2-1007
Investment of trust funds§ 6.2-1008
Dealings with self or affiliates§ 6.2-101
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Bluebook (online)
Virginia § 6.2-1818.3, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/6.2/6.2-1818.3.