Virginia Statutes
§ 6.2-316 — Loans of $5,000 or more made by certain financial institutions
Virginia § 6.2-316
JurisdictionVirginia
Title 6.2FINANCIAL INSTITUTIONS AND SERVICES
Subtitle IGENERAL PROVISIONS
Ch. 3INTEREST AND USURY
Art. 4LOANS EXEMPT FROM LIMIT ON CONTRACT RATE OF INTEREST
This text of Virginia § 6.2-316 (Loans of $5,000 or more made by certain financial institutions) 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. § 6.2-316 (2026).
Text
No person shall, by way of defense or otherwise, avail himself of the provisions of this chapter or any other section relating to usury to avoid or defeat the payment of interest, or any other sum, upon a loan made to a person by a bank, savings institution, industrial loan association, or credit union, if the initial principal amount of the loan is $5,000 or more.
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Legislative History
1987, c. 622, § 6.1-330.61; 2010, c. 794.
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
Confidentiality of informationCite This Page — Counsel Stack
Bluebook (online)
Virginia § 6.2-316, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/6.2/6.2-316.