{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/59.1-335.3.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/59.1-335.3.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/59.1-335.3.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/59.1-335.3.html"}],"law_id":63390,"edition_id":1,"section_id":63390,"structure_id":14892,"section_number":"59.1-335.3","catch_line":"Registration; fees","history":"1989, c. 655.","full_text":"A\n\nIt shall be unlawful for any credit services business to offer, advertise, or execute or cause to be executed by a consumer any contract in this Commonwealth unless the credit services business at the time of the offer, advertisement, sale or execution of a contract has been properly registered with the Commissioner. The Commissioner may charge the credit services business a reasonable fee not exceeding $100 to cover the costs of filing.B\n\nThe registration shall contain (i) the name and address of the credit services business, (ii) the name and address of the registered agent authorized to accept service of process on behalf of the credit services business, (iii) the name and address of any person who directly or indirectly owns or controls a ten percent or greater interest in the credit services business, and (iv) the name and address of the surety company that issued a bond pursuant to § 59.1-335.4 or the name and address of the bank that issued a letter of credit pursuant to § 59.1-335.4. The registration statement shall also contain either a full and complete disclosure of any litigation or unresolved complaint filed within the preceding five years with a governmental authority of the Commonwealth, any other state or the United States relating to the operation of the credit services business, or a notarized statement that there has been no litigation or unresolved complaint filed within the preceding five years with the governmental authority of the Commonwealth, any other state or the United States relating to the operation of the credit services business.C\n\nThe credit services business shall attach to the registration statement a copy of (i) the information statement required under § 59.1-335.6, (ii) a copy of the contract which the credit services business intends to execute with its consumers, and (iii) evidence of the bond or trust account required under § 59.1-335.4.D\n\nThe credit services business shall update the registration statement required under this section not later than ninety days after the date from which a change in the information required in the statement occurs.E\n\nEach credit services business registering under this section shall maintain a copy of the registration statement in its files. The credit services business shall allow a buyer to inspect the registration statement on request.","order_by":null,"text":{"0":{"id":230966,"text":"It shall be unlawful for any credit services business to offer, advertise, or execute or cause to be executed by a consumer any contract in this Commonwealth unless the credit services business at the time of the offer, advertisement, sale or execution of a contract has been properly registered with the Commissioner. The Commissioner may charge the credit services business a reasonable fee not exceeding $100 to cover the costs of filing.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":230967,"text":"The registration shall contain (i) the name and address of the credit services business, (ii) the name and address of the registered agent authorized to accept service of process on behalf of the credit services business, (iii) the name and address of any person who directly or indirectly owns or controls a ten percent or greater interest in the credit services business, and (iv) the name and address of the surety company that issued a bond pursuant to § 59.1-335.4 or the name and address of the bank that issued a letter of credit pursuant to § 59.1-335.4. The registration statement shall also contain either a full and complete disclosure of any litigation or unresolved complaint filed within the preceding five years with a governmental authority of the Commonwealth, any other state or the United States relating to the operation of the credit services business, or a notarized statement that there has been no litigation or unresolved complaint filed within the preceding five years with the governmental authority of the Commonwealth, any other state or the United States relating to the operation of the credit services business.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":230968,"text":"The credit services business shall attach to the registration statement a copy of (i) the information statement required under § 59.1-335.6, (ii) a copy of the contract which the credit services business intends to execute with its consumers, and (iii) evidence of the bond or trust account required under § 59.1-335.4.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":230969,"text":"The credit services business shall update the registration statement required under this section not later than ninety days after the date from which a change in the information required in the statement occurs.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":230970,"text":"Each credit services business registering under this section shall maintain a copy of the registration statement in its files. The credit services business shall allow a buyer to inspect the registration statement on request.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":14892,"edition_id":1,"name":"Virginia Credit Services Businesses Act","identifier":"25.1","label":"chapter","depth":2,"order_by":1,"parent_id":12809,"metadata":{},"date_created":"2026-06-26 03:50:37","date_modified":"2026-06-26 03:50:37","permalink":{"id":260865,"object_type":"structure","relational_id":14892,"identifier":"25.1","token":"59.1\/25.1","url":"\/59.1\/25.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12809,"edition_id":1,"name":"Trade and Commerce","identifier":"59.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":259521,"object_type":"structure","relational_id":12809,"identifier":"59.1","token":"59.1","url":"\/59.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":75984,"structure_id":14892,"section_number":"59.1-335.1","catch_line":"Title","url":"\/59.1-335.1\/","token":"59.1\/25.1\/59.1-335.1","metadata":false},{"id":72344,"structure_id":14892,"section_number":"59.1-335.10","catch_line":"Liability to consumer","url":"\/59.1-335.10\/","token":"59.1\/25.1\/59.1-335.10","metadata":false},{"id":81308,"structure_id":14892,"section_number":"59.1-335.11","catch_line":"Statute of limitations","url":"\/59.1-335.11\/","token":"59.1\/25.1\/59.1-335.11","metadata":false},{"id":72551,"structure_id":14892,"section_number":"59.1-335.12","catch_line":"Violations of chapter; enforcement","url":"\/59.1-335.12\/","token":"59.1\/25.1\/59.1-335.12","metadata":false},{"id":73880,"structure_id":14892,"section_number":"59.1-335.2","catch_line":"Definitions","url":"\/59.1-335.2\/","token":"59.1\/25.1\/59.1-335.2","metadata":false},{"id":63390,"structure_id":14892,"section_number":"59.1-335.3","catch_line":"Registration; fees","url":"\/59.1-335.3\/","token":"59.1\/25.1\/59.1-335.3","metadata":false},{"id":56862,"structure_id":14892,"section_number":"59.1-335.4","catch_line":"Bond or letter of credit required","url":"\/59.1-335.4\/","token":"59.1\/25.1\/59.1-335.4","metadata":false},{"id":62805,"structure_id":14892,"section_number":"59.1-335.5","catch_line":"Prohibited practices","url":"\/59.1-335.5\/","token":"59.1\/25.1\/59.1-335.5","metadata":false},{"id":79483,"structure_id":14892,"section_number":"59.1-335.6","catch_line":"Information statement required","url":"\/59.1-335.6\/","token":"59.1\/25.1\/59.1-335.6","metadata":false},{"id":60837,"structure_id":14892,"section_number":"59.1-335.7","catch_line":"Contents of information statement","url":"\/59.1-335.7\/","token":"59.1\/25.1\/59.1-335.7","metadata":false},{"id":77844,"structure_id":14892,"section_number":"59.1-335.8","catch_line":"Contents of contracts","url":"\/59.1-335.8\/","token":"59.1\/25.1\/59.1-335.8","metadata":false},{"id":84563,"structure_id":14892,"section_number":"59.1-335.9","catch_line":"Breach; null and void contract","url":"\/59.1-335.9\/","token":"59.1\/25.1\/59.1-335.9","metadata":false}],"previous_section":{"id":73880,"structure_id":14892,"section_number":"59.1-335.2","catch_line":"Definitions","url":"\/59.1-335.2\/","token":"59.1\/25.1\/59.1-335.2","metadata":false},"next_section":{"id":56862,"structure_id":14892,"section_number":"59.1-335.4","catch_line":"Bond or letter of credit required","url":"\/59.1-335.4\/","token":"59.1\/25.1\/59.1-335.4","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/59.1-335.3\/","history_text":"

This law was first created in 1989. The record of its establishment is cataloged in chapter 655 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1989 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":[{"id":56862,"section_number":"59.1-335.4","catch_line":"Bond or letter of credit required","order_by":null,"url":"\/59.1-335.4\/"},{"id":79483,"section_number":"59.1-335.6","catch_line":"Information statement required","order_by":null,"url":"\/59.1-335.6\/"}],"permalink":{"id":260887,"object_type":"law","relational_id":63390,"identifier":"59.1-335.3","token":"59.1\/25.1\/59.1-335.3","url":"\/59.1-335.3\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/59.1-335.3\/","token":"59.1\/25.1\/59.1-335.3","dublin_core":{"Title":"Registration; fees","Type":"Text","Format":"text\/html","Identifier":"\u00a7 59.1-335.3","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> It shall be unlawful for any credit services business<\/span> to offer, advertise, or execute or cause to be executed by a consumer<\/span> any contract<\/span> in this Commonwealth unless the credit services business<\/span> at the time of the offer, advertisement, sale or execution of a contract<\/span> has been properly registered with the Commissioner<\/span>. The Commissioner<\/span> may charge the credit services business<\/span> a reasonable fee not exceeding $100 to cover the costs of filing. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The registration shall contain (i) the name and address of the credit services business<\/span>, (ii) the name and address of the registered agent authorized to accept service of process<\/span> on behalf of the credit services business<\/span>, (iii) the name and address of any person<\/span> who directly or indirectly owns or controls a ten percent or greater interest in the credit services business<\/span>, and (iv) the name and address of the surety<\/span> company that issued a bond<\/span> pursuant to § 59.1-335.4<\/a> or the name and address of the bank that issued a letter of credit pursuant to § 59.1-335.4<\/a>. The registration statement shall also contain either a full and complete disclosure of any litigation<\/span> or unresolved complaint filed within the preceding five years with a governmental authority of the Commonwealth, any other state or the United States relating to the operation of the credit services business<\/span>, or a notarized statement that there has been no litigation<\/span> or unresolved complaint filed within the preceding five years with the governmental authority of the Commonwealth, any other state or the United States relating to the operation of the credit services business<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The credit services business<\/span> shall attach to the registration statement a copy of (i) the information statement required under § 59.1-335.6<\/a>, (ii) a copy of the contract<\/span> which the credit services business<\/span> intends to execute with its consumers<\/span>, and (iii) evidence<\/span> of the bond<\/span> or trust account required under § 59.1-335.4<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The credit services business<\/span> shall update the registration statement required under this section not later than ninety days after the date from which a change in the information required in the statement occurs. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> Each credit services business<\/span> registering under this section shall maintain a copy of the registration statement in its files<\/span>. The credit services business<\/span> shall allow a buyer to inspect the registration statement on request. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREGISTRATION; FEES (\u00a7 59.1-335.3)\n\nA. It shall be unlawful for any credit services business to offer, advertise, or\nexecute or cause to be executed by a consumer any contract in this Commonwealth\nunless the credit services business at the time of the offer, advertisement,\nsale or execution of a contract has been properly registered with the\nCommissioner. The Commissioner may charge the credit services business a\nreasonable fee not exceeding $100 to cover the costs of filing.\n\nB. The registration shall contain (i) the name and address of the credit\nservices business, (ii) the name and address of the registered agent authorized\nto accept service of process on behalf of the credit services business, (iii)\nthe name and address of any person who directly or indirectly owns or controls a\nten percent or greater interest in the credit services business, and (iv) the\nname and address of the surety company that issued a bond pursuant to §\n59.1-335.4 or the name and address of the bank that issued a letter of credit\npursuant to § 59.1-335.4. The registration statement shall also contain\neither a full and complete disclosure of any litigation or unresolved complaint\nfiled within the preceding five years with a governmental authority of the\nCommonwealth, any other state or the United States relating to the operation of\nthe credit services business, or a notarized statement that there has been no\nlitigation or unresolved complaint filed within the preceding five years with\nthe governmental authority of the Commonwealth, any other state or the United\nStates relating to the operation of the credit services business.\n\nC. The credit services business shall attach to the registration statement a\ncopy of (i) the information statement required under § 59.1-335.6, (ii) a\ncopy of the contract which the credit services business intends to execute with\nits consumers, and (iii) evidence of the bond or trust account required under\n§ 59.1-335.4.\n\nD. The credit services business shall update the registration statement required\nunder this section not later than ninety days after the date from which a change\nin the information required in the statement occurs.\n\nE. Each credit services business registering under this section shall maintain a\ncopy of the registration statement in its files. The credit services business\nshall allow a buyer to inspect the registration statement on request.\n\nHISTORY: 1989, c. 655.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}