{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/59.1-335.8.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/59.1-335.8.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/59.1-335.8.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/59.1-335.8.html"}],"law_id":77844,"edition_id":1,"section_id":77844,"structure_id":14892,"section_number":"59.1-335.8","catch_line":"Contents of contracts","history":"1989, cc. 651, 655.","full_text":"A\n\nEvery contract between a consumer and a credit services business for the purchase of the services of the credit services business shall be in writing, dated, signed by the consumer, and shall include all of the following:1\n\nA conspicuous statement in size equal to at least ten-point bold type, in immediate proximity to the space reserved for the signature of the consumer as follows:\n\t\t\t\t“You, the buyer, may cancel this contract at any time prior to midnight of the third business day after the date of the transaction. See the attached notice of cancellation form for an explanation of this right.”;2\n\nThe terms and conditions of payment, including the total of all payments to be made by the consumer, whether to the credit services business or to some other person;3\n\nA complete and detailed description of the services to be performed and the results to be achieved by the credit services business for or on behalf of the consumer, including all guarantees and all promises of full or partial refunds and a list of the adverse information appearing on the consumer’s credit report that the credit services business expects to have modified;4\n\nThe principal business address of the credit services business and the name and address of its agent in this Commonwealth authorized to receive service of process;5\n\nA statement asserting the buyer’s right to proceed against the bond or letter of credit required under § 59.1-335.4; and6\n\nThe name and address of the surety company which issued the bond, or the name and address of the bank which issued the letter of credit.B\n\n1. The contract shall be accompanied by a completed form in duplicate, captioned “NOTICE OF CANCELLATION,” which shall be attached to the contract and easily detachable, and which shall contain in at least ten-point bold type the following statement:\n\t\t\t“NOTICE OF CANCELLATION\n\t\t\tYou may cancel this contract, without any penalty or obligation, at any time prior to midnight of the third business day after the date the contract is signed.\n\t\t\tIf you cancel, any payment made by you under this contract will be returned within ten days following receipt by the seller of your cancellation notice.\n\t\t\tTo cancel this contract, mail or deliver a signed and dated copy of this cancellation notice, or any other written notice, to\n\t\t\t________________________________________ (Name of Seller)\n\t\t\tAt ________________________________________ (Address of Seller)\n\t\t\t________________________________________ (Place of Business)\n\t\t\tNot later than midnight____________________ (Date)\n\t\t\tI HEREBY CANCEL THIS TRANSACTION.\n\t\t\t_______________ (Date)\n\t\t\t________________________________________ (Buyer’s Signature)”2\n\nA copy of the fully completed contract and all other documents the credit services business requires the consumer to sign shall be given by the credit services business to the consumer at the time they are signed.","order_by":null,"text":{"0":{"id":279184,"text":"Every contract between a consumer and a credit services business for the purchase of the services of the credit services business shall be in writing, dated, signed by the consumer, and shall include all of the following:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":279185,"text":"A conspicuous statement in size equal to at least ten-point bold type, in immediate proximity to the space reserved for the signature of the consumer as follows:\n\t\t\t\t“You, the buyer, may cancel this contract at any time prior to midnight of the third business day after the date of the transaction. See the attached notice of cancellation form for an explanation of this right.”;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":279186,"text":"The terms and conditions of payment, including the total of all payments to be made by the consumer, whether to the credit services business or to some other person;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":279187,"text":"A complete and detailed description of the services to be performed and the results to be achieved by the credit services business for or on behalf of the consumer, including all guarantees and all promises of full or partial refunds and a list of the adverse information appearing on the consumer’s credit report that the credit services business expects to have modified;","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":279188,"text":"The principal business address of the credit services business and the name and address of its agent in this Commonwealth authorized to receive service of process;","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"A5"},"5":{"id":279189,"text":"A statement asserting the buyer’s right to proceed against the bond or letter of credit required under § 59.1-335.4; and","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2,"prior_prefix":"A4","next_prefix":"A6"},"6":{"id":279190,"text":"The name and address of the surety company which issued the bond, or the name and address of the bank which issued the letter of credit.","type":"section","prefixes":["A","6"],"prefix":"6","entire_prefix":"A6","prefix_anchor":"A6","level":2,"prior_prefix":"A5","next_prefix":"B"},"7":{"id":279191,"text":"1. The contract shall be accompanied by a completed form in duplicate, captioned “NOTICE OF CANCELLATION,” which shall be attached to the contract and easily detachable, and which shall contain in at least ten-point bold type the following statement:\n\t\t\t“NOTICE OF CANCELLATION\n\t\t\tYou may cancel this contract, without any penalty or obligation, at any time prior to midnight of the third business day after the date the contract is signed.\n\t\t\tIf you cancel, any payment made by you under this contract will be returned within ten days following receipt by the seller of your cancellation notice.\n\t\t\tTo cancel this contract, mail or deliver a signed and dated copy of this cancellation notice, or any other written notice, to\n\t\t\t________________________________________ (Name of Seller)\n\t\t\tAt ________________________________________ (Address of Seller)\n\t\t\t________________________________________ (Place of Business)\n\t\t\tNot later than midnight____________________ (Date)\n\t\t\tI HEREBY CANCEL THIS TRANSACTION.\n\t\t\t_______________ (Date)\n\t\t\t________________________________________ (Buyer’s Signature)”","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A6","next_prefix":"B2"},"8":{"id":279192,"text":"A copy of the fully completed contract and all other documents the credit services business requires the consumer to sign shall be given by the credit services business to the consumer at the time they are signed.","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/59.1-335.8\/","history_text":"

This law was first created in 1989. The record of its establishment is cataloged in chapters 651 and 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\/"}],"permalink":{"id":260907,"object_type":"law","relational_id":77844,"identifier":"59.1-335.8","token":"59.1\/25.1\/59.1-335.8","url":"\/59.1-335.8\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/59.1-335.8\/","token":"59.1\/25.1\/59.1-335.8","dublin_core":{"Title":"Contents of contracts","Type":"Text","Format":"text\/html","Identifier":"\u00a7 59.1-335.8","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Every contract<\/span> between a consumer<\/span> and a credit services business<\/span> for the purchase of the services of the credit services business<\/span> shall be in writing, dated, signed by the consumer<\/span>, and shall include all of the following: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> A conspicuous statement in size equal to at least ten-point bold type, in immediate proximity to the space reserved for the signature of the consumer<\/span> as follows:\n\t\t\t\t“You, the buyer, may cancel this contract<\/span> at any time prior to midnight of the third business day after the date of the transaction. See the attached notice of cancellation form for an explanation of this right.”; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The terms and conditions of payment, including the total of all payments to be made by the consumer<\/span>, whether to the credit services business<\/span> or to some other person<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> A complete and detailed description of the services to be performed and the results to be achieved by the credit services business<\/span> for or on behalf of the consumer<\/span>, including all guarantees and all promises of full or partial refunds and a list of the adverse information appearing on the consumer<\/span>’s credit report that the credit services business<\/span> expects to have modified; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> The principal business address of the credit services business<\/span> and the name and address of its agent in this Commonwealth authorized to receive service of process<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> A statement asserting the buyer’s right to proceed against the bond<\/span> or letter of credit required under § 59.1-335.4<\/a>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> The name and address of the surety<\/span> company which issued the bond<\/span>, or the name and address of the bank which issued the letter of credit. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> 1. The contract<\/span> shall be accompanied by a completed form in duplicate, captioned “NOTICE OF CANCELLATION,” which shall be attached to the contract<\/span> and easily detachable, and which shall contain in at least ten-point bold type the following statement:\n\t\t\t“NOTICE OF CANCELLATION\n\t\t\tYou may cancel this contract<\/span>, without any penalty<\/span> or obligation, at any time prior to midnight of the third business day after the date the contract<\/span> is signed.\n\t\t\tIf you cancel, any payment made by you under this contract<\/span> will be returned within ten days following receipt by the seller of your cancellation notice.\n\t\t\tTo cancel this contract<\/span>, mail or deliver a signed and dated copy of this cancellation notice, or any other written notice, to\n\t\t\t________________________________________ (Name of Seller)\n\t\t\tAt ________________________________________ (Address of Seller)\n\t\t\t________________________________________ (Place of Business)\n\t\t\tNot later than midnight____________________ (Date)\n\t\t\tI HEREBY CANCEL THIS TRANSACTION.\n\t\t\t_______________ (Date)\n\t\t\t________________________________________ (Buyer’s Signature)” <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> A copy of the fully completed contract<\/span> and all other documents the credit services business<\/span> requires the consumer<\/span> to sign shall be given by the credit services business<\/span> to the consumer<\/span> at the time they are signed. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCONTENTS OF CONTRACTS (\u00a7 59.1-335.8)\n\nA. Every contract between a consumer and a credit services business for the\npurchase of the services of the credit services business shall be in writing,\ndated, signed by the consumer, and shall include all of the following:\n\n 1. A conspicuous statement in size equal to at least ten-point bold type, in\n immediate proximity to the space reserved for the signature of the consumer as\n follows:\n \t\t\t\t“You, the buyer, may cancel this contract at any time prior to\n midnight of the third business day after the date of the transaction. See the\n attached notice of cancellation form for an explanation of this right.”;\n\n 2. The terms and conditions of payment, including the total of all payments to\n be made by the consumer, whether to the credit services business or to some\n other person;\n\n 3. A complete and detailed description of the services to be performed and the\n results to be achieved by the credit services business for or on behalf of the\n consumer, including all guarantees and all promises of full or partial refunds\n and a list of the adverse information appearing on the consumer’s credit\n report that the credit services business expects to have modified;\n\n 4. The principal business address of the credit services business and the name\n and address of its agent in this Commonwealth authorized to receive service of\n process;\n\n 5. A statement asserting the buyer’s right to proceed against the bond\n or letter of credit required under § 59.1-335.4; and\n\n 6. The name and address of the surety company which issued the bond, or the\n name and address of the bank which issued the letter of credit.\n\nB. 1. The contract shall be accompanied by a completed form in duplicate,\ncaptioned “NOTICE OF CANCELLATION,” which shall be attached to the\ncontract and easily detachable, and which shall contain in at least ten-point\nbold type the following statement:\n\t\t\t“NOTICE OF CANCELLATION\n\t\t\tYou may cancel this contract, without any penalty or obligation, at any time\nprior to midnight of the third business day after the date the contract is\nsigned.\n\t\t\tIf you cancel, any payment made by you under this contract will be returned\nwithin ten days following receipt by the seller of your cancellation notice.\n\t\t\tTo cancel this contract, mail or deliver a signed and dated copy of this\ncancellation notice, or any other written notice, to\n\t\t\t________________________________________ (Name of Seller)\n\t\t\tAt ________________________________________ (Address of Seller)\n\t\t\t________________________________________ (Place of Business)\n\t\t\tNot later than midnight____________________ (Date)\n\t\t\tI HEREBY CANCEL THIS TRANSACTION.\n\t\t\t_______________ (Date)\n\t\t\t________________________________________ (Buyer’s Signature)”\n\n 2. A copy of the fully completed contract and all other documents the credit\n services business requires the consumer to sign shall be given by the credit\n services business to the consumer at the time they are signed.\n\nHISTORY: 1989, cc. 651, 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}}