§ 6.2-2502 Prohibited activities
Any facilitator who offers to facilitate, or who facilitates, a refund anticipation loan shall not:
1. Require a customer to enter into a loan arrangement in order to complete a tax return;
2. Misrepresent a material factor or condition of a refund anticipation loan;
3. Fail to process the application for a refund anticipation loan promptly after an applicant applies for the loan; or
4. Engage in any transaction, practice, or course of business that operates a fraud upon any person in connection with a refund anticipation loan.
History
This law was first created in 2006. The record of its establishment is cataloged in chapter 399 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2010, chapter 794.
2006, c. 399, § 6.1-476; 2010, c. 794.