{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1500.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1500.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1500.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1500.html"}],"law_id":78115,"edition_id":1,"section_id":78115,"structure_id":13144,"section_number":"6.2-1500","catch_line":"Definitions","history":"Code 1950, \u00a7 6-275; 1966, c. 584, \u00a7 6.1-245; 1978, c. 14; 2005, c. 63; 2010, c. 794; 2020, cc. 1215, 1258.","full_text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Access partner” means a person that, at the person’s physical location in the Commonwealth, facilitates the making and servicing of a loan through provision of some or all of the services described in \u00a7 6.2-1523.1 pursuant to a contract with a licensee. The term does not include (i) a person licensed under Chapter 25.1 (\u00a7 59.1-335.1 et seq.) of Title 59.1; (ii) a person that is ineligible for licensure under \u00a7 6.2-1502 or to which this chapter shall not apply under \u00a7 6.2-1503; (iii) a person that has had any license revoked by the Commission at any time in the previous three years; (iv) a person that has violated or participated in the violation of \u00a7 6.2-1501 in the previous five years; or (v) a person who is licensed under Chapter 18 (\u00a7 6.2-1800 et seq.) or Chapter 22 (\u00a7 6.2-2200 et seq.).\n\t\t“Arranging or brokering” means, with respect to consumer finance loans, negotiating, placing, or finding consumer finance loans for consumers, or offering to negotiate, place, or find consumer finance loans for consumers, in return for compensation paid directly by the consumers.\n\t\t“Consumer finance company” means a person engaged in the business of making loans to individuals for personal, family, household, or other nonbusiness purposes.\n\t\t“Licensee” means a consumer finance company to which a license has been issued by the Commission pursuant to this chapter.\n\t\t“Principal” means any person who, directly or indirectly, owns or controls (i) 10 percent or more of the outstanding stock of a stock corporation or (ii) a 10 percent or greater interest in another person.","order_by":null,"text":{"0":{"id":280040,"text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Access partner” means a person that, at the person’s physical location in the Commonwealth, facilitates the making and servicing of a loan through provision of some or all of the services described in \u00a7 6.2-1523.1 pursuant to a contract with a licensee. The term does not include (i) a person licensed under Chapter 25.1 (\u00a7 59.1-335.1 et seq.) of Title 59.1; (ii) a person that is ineligible for licensure under \u00a7 6.2-1502 or to which this chapter shall not apply under \u00a7 6.2-1503; (iii) a person that has had any license revoked by the Commission at any time in the previous three years; (iv) a person that has violated or participated in the violation of \u00a7 6.2-1501 in the previous five years; or (v) a person who is licensed under Chapter 18 (\u00a7 6.2-1800 et seq.) or Chapter 22 (\u00a7 6.2-2200 et seq.).\n\t\t“Arranging or brokering” means, with respect to consumer finance loans, negotiating, placing, or finding consumer finance loans for consumers, or offering to negotiate, place, or find consumer finance loans for consumers, in return for compensation paid directly by the consumers.\n\t\t“Consumer finance company” means a person engaged in the business of making loans to individuals for personal, family, household, or other nonbusiness purposes.\n\t\t“Licensee” means a consumer finance company to which a license has been issued by the Commission pursuant to this chapter.\n\t\t“Principal” means any person who, directly or indirectly, owns or controls (i) 10 percent or more of the outstanding stock of a stock corporation or (ii) a 10 percent or greater interest in another person.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13144,"edition_id":1,"name":"Consumer Finance Companies","identifier":"15","label":"chapter","depth":3,"order_by":1,"parent_id":13060,"metadata":{},"date_created":"2026-06-26 03:44:21","date_modified":"2026-06-26 03:44:21","permalink":{"id":265813,"object_type":"structure","relational_id":13144,"identifier":"15","token":"6.2\/III\/15","url":"\/6.2\/III\/15\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13060,"edition_id":1,"name":"Other Regulated Providers of Financial Services","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:12","date_modified":"2026-06-26 03:44:12","permalink":{"id":265721,"object_type":"structure","relational_id":13060,"identifier":"III","token":"6.2\/III","url":"\/6.2\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":78115,"structure_id":13144,"section_number":"6.2-1500","catch_line":"Definitions","url":"\/6.2-1500\/","token":"6.2\/III\/15\/6.2-1500","metadata":false},{"id":78551,"structure_id":13144,"section_number":"6.2-1501","catch_line":"Compliance with chapter; license required; attempts to evade application of chapter","url":"\/6.2-1501\/","token":"6.2\/III\/15\/6.2-1501","metadata":false},{"id":76723,"structure_id":13144,"section_number":"6.2-1502","catch_line":"Certain persons ineligible as licensees; exception for subsidiaries","url":"\/6.2-1502\/","token":"6.2\/III\/15\/6.2-1502","metadata":false},{"id":84303,"structure_id":13144,"section_number":"6.2-1503","catch_line":"Scope of chapter","url":"\/6.2-1503\/","token":"6.2\/III\/15\/6.2-1503","metadata":false},{"id":76003,"structure_id":13144,"section_number":"6.2-1504","catch_line":"Restrictions on name","url":"\/6.2-1504\/","token":"6.2\/III\/15\/6.2-1504","metadata":false},{"id":76445,"structure_id":13144,"section_number":"6.2-1505","catch_line":"Application for license; application fee","url":"\/6.2-1505\/","token":"6.2\/III\/15\/6.2-1505","metadata":false},{"id":77100,"structure_id":13144,"section_number":"6.2-1506","catch_line":"Investigation of application","url":"\/6.2-1506\/","token":"6.2\/III\/15\/6.2-1506","metadata":false},{"id":66502,"structure_id":13144,"section_number":"6.2-1507","catch_line":"Issuance of license","url":"\/6.2-1507\/","token":"6.2\/III\/15\/6.2-1507","metadata":false},{"id":58217,"structure_id":13144,"section_number":"6.2-1508","catch_line":"Notices to Commission","url":"\/6.2-1508\/","token":"6.2\/III\/15\/6.2-1508","metadata":false},{"id":84357,"structure_id":13144,"section_number":"6.2-1508.1","catch_line":"Additional offices; relocation of offices","url":"\/6.2-1508.1\/","token":"6.2\/III\/15\/6.2-1508.1","metadata":false},{"id":87097,"structure_id":13144,"section_number":"6.2-1509","catch_line":"Contents, posting, transfer, and duration of license","url":"\/6.2-1509\/","token":"6.2\/III\/15\/6.2-1509","metadata":false},{"id":57614,"structure_id":13144,"section_number":"6.2-1510","catch_line":"Acquisition of control; application","url":"\/6.2-1510\/","token":"6.2\/III\/15\/6.2-1510","metadata":false},{"id":56011,"structure_id":13144,"section_number":"6.2-1511","catch_line":"Revocation of license","url":"\/6.2-1511\/","token":"6.2\/III\/15\/6.2-1511","metadata":false},{"id":72262,"structure_id":13144,"section_number":"6.2-1512","catch_line":"Suspension of license","url":"\/6.2-1512\/","token":"6.2\/III\/15\/6.2-1512","metadata":false},{"id":77811,"structure_id":13144,"section_number":"6.2-1513","catch_line":"Record and notice of revocation or suspension","url":"\/6.2-1513\/","token":"6.2\/III\/15\/6.2-1513","metadata":false},{"id":84660,"structure_id":13144,"section_number":"6.2-1514","catch_line":"Surrender of license","url":"\/6.2-1514\/","token":"6.2\/III\/15\/6.2-1514","metadata":false},{"id":61005,"structure_id":13144,"section_number":"6.2-1515","catch_line":"Effect of license revocation, suspension, or surrender","url":"\/6.2-1515\/","token":"6.2\/III\/15\/6.2-1515","metadata":false},{"id":55076,"structure_id":13144,"section_number":"6.2-1516","catch_line":"Reinstatement of license","url":"\/6.2-1516\/","token":"6.2\/III\/15\/6.2-1516","metadata":false},{"id":85229,"structure_id":13144,"section_number":"6.2-1517","catch_line":"Place of business generally","url":"\/6.2-1517\/","token":"6.2\/III\/15\/6.2-1517","metadata":false},{"id":71894,"structure_id":13144,"section_number":"6.2-1518","catch_line":"Notice of conduct of other business in same place of business; fee","url":"\/6.2-1518\/","token":"6.2\/III\/15\/6.2-1518","metadata":false},{"id":61745,"structure_id":13144,"section_number":"6.2-1519","catch_line":"Changing place of business","url":"\/6.2-1519\/","token":"6.2\/III\/15\/6.2-1519","metadata":false},{"id":67474,"structure_id":13144,"section_number":"6.2-1520","catch_line":"Rate of interest; late charges; processing fees","url":"\/6.2-1520\/","token":"6.2\/III\/15\/6.2-1520","metadata":false},{"id":83998,"structure_id":13144,"section_number":"6.2-1521","catch_line":"Post-judgment charges","url":"\/6.2-1521\/","token":"6.2\/III\/15\/6.2-1521","metadata":false},{"id":73299,"structure_id":13144,"section_number":"6.2-1522","catch_line":"Other limitations on interest","url":"\/6.2-1522\/","token":"6.2\/III\/15\/6.2-1522","metadata":false},{"id":73319,"structure_id":13144,"section_number":"6.2-1523","catch_line":"Additional charges prohibited; exceptions","url":"\/6.2-1523\/","token":"6.2\/III\/15\/6.2-1523","metadata":false},{"id":79049,"structure_id":13144,"section_number":"6.2-1523.1","catch_line":"(Effective July 1, 2026) Access partners","url":"\/6.2-1523.1\/","token":"6.2\/III\/15\/6.2-1523.1","metadata":false},{"id":55624,"structure_id":13144,"section_number":"6.2-1523.2","catch_line":"Application of chapter to Internet loans","url":"\/6.2-1523.2\/","token":"6.2\/III\/15\/6.2-1523.2","metadata":false},{"id":63200,"structure_id":13144,"section_number":"6.2-1523.3","catch_line":"Bond required","url":"\/6.2-1523.3\/","token":"6.2\/III\/15\/6.2-1523.3","metadata":false},{"id":83728,"structure_id":13144,"section_number":"6.2-1524","catch_line":"Required and prohibited activities and conduct","url":"\/6.2-1524\/","token":"6.2\/III\/15\/6.2-1524","metadata":false},{"id":62963,"structure_id":13144,"section_number":"6.2-1525","catch_line":"Wage purchases","url":"\/6.2-1525\/","token":"6.2\/III\/15\/6.2-1525","metadata":false},{"id":63320,"structure_id":13144,"section_number":"6.2-1526","catch_line":"Wage assignments","url":"\/6.2-1526\/","token":"6.2\/III\/15\/6.2-1526","metadata":false},{"id":60949,"structure_id":13144,"section_number":"6.2-1527","catch_line":"Liens on household furniture","url":"\/6.2-1527\/","token":"6.2\/III\/15\/6.2-1527","metadata":false},{"id":67469,"structure_id":13144,"section_number":"6.2-1528","catch_line":"Exemptions unimpaired","url":"\/6.2-1528\/","token":"6.2\/III\/15\/6.2-1528","metadata":false},{"id":60529,"structure_id":13144,"section_number":"6.2-1529","catch_line":"Collection of loans made outside Commonwealth","url":"\/6.2-1529\/","token":"6.2\/III\/15\/6.2-1529","metadata":false},{"id":54170,"structure_id":13144,"section_number":"6.2-1530","catch_line":"Investigations; immunities","url":"\/6.2-1530\/","token":"6.2\/III\/15\/6.2-1530","metadata":false},{"id":69823,"structure_id":13144,"section_number":"6.2-1531","catch_line":"Examination","url":"\/6.2-1531\/","token":"6.2\/III\/15\/6.2-1531","metadata":false},{"id":72194,"structure_id":13144,"section_number":"6.2-1532","catch_line":"Fees for examination, supervision and regulation","url":"\/6.2-1532\/","token":"6.2\/III\/15\/6.2-1532","metadata":false},{"id":80929,"structure_id":13144,"section_number":"6.2-1533","catch_line":"Books, accounts, and records; pledge or deposit of notes and securities","url":"\/6.2-1533\/","token":"6.2\/III\/15\/6.2-1533","metadata":false},{"id":85237,"structure_id":13144,"section_number":"6.2-1534","catch_line":"Annual reports","url":"\/6.2-1534\/","token":"6.2\/III\/15\/6.2-1534","metadata":false},{"id":77483,"structure_id":13144,"section_number":"6.2-1535","catch_line":"Regulations and orders","url":"\/6.2-1535\/","token":"6.2\/III\/15\/6.2-1535","metadata":false},{"id":74450,"structure_id":13144,"section_number":"6.2-1536","catch_line":"Disclosures in connection with sale of securities","url":"\/6.2-1536\/","token":"6.2\/III\/15\/6.2-1536","metadata":false},{"id":82107,"structure_id":13144,"section_number":"6.2-1537","catch_line":"Authority of Attorney General; impoundment of property and receivership","url":"\/6.2-1537\/","token":"6.2\/III\/15\/6.2-1537","metadata":false},{"id":60588,"structure_id":13144,"section_number":"6.2-1538","catch_line":"Copies of orders or licenses","url":"\/6.2-1538\/","token":"6.2\/III\/15\/6.2-1538","metadata":false},{"id":81969,"structure_id":13144,"section_number":"6.2-1539","catch_line":"Review by Commission","url":"\/6.2-1539\/","token":"6.2\/III\/15\/6.2-1539","metadata":false},{"id":83145,"structure_id":13144,"section_number":"6.2-1540","catch_line":"Criminal penalties","url":"\/6.2-1540\/","token":"6.2\/III\/15\/6.2-1540","metadata":false},{"id":86509,"structure_id":13144,"section_number":"6.2-1541","catch_line":"Unlawful contracts void; recovery of amounts paid","url":"\/6.2-1541\/","token":"6.2\/III\/15\/6.2-1541","metadata":false},{"id":79649,"structure_id":13144,"section_number":"6.2-1542","catch_line":"Duty to refund unauthorized or excess charges; liability to borrower for penalty","url":"\/6.2-1542\/","token":"6.2\/III\/15\/6.2-1542","metadata":false},{"id":64592,"structure_id":13144,"section_number":"6.2-1543","catch_line":"Civil penalties","url":"\/6.2-1543\/","token":"6.2\/III\/15\/6.2-1543","metadata":false}],"next_section":{"id":78551,"structure_id":13144,"section_number":"6.2-1501","catch_line":"Compliance with chapter; license required; attempts to evade application of chapter","url":"\/6.2-1501\/","token":"6.2\/III\/15\/6.2-1501","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1500\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 5 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1966, chapter 584; in 1978, chapter 14; in 2005, chapter 63<\/a>; in 2010, chapter 794<\/a>; in 2020, chapters 1215<\/a> and 1258<\/a>.<\/p>","references":[{"id":70545,"section_number":"38.2-4700","catch_line":"What persons deemed insurance premium finance companies","order_by":null,"url":"\/38.2-4700\/"},{"id":85131,"section_number":"6.2-1801","catch_line":"License requirement","order_by":null,"url":"\/6.2-1801\/"},{"id":86345,"section_number":"6.2-2202","catch_line":"Scope of chapter","order_by":null,"url":"\/6.2-2202\/"},{"id":63345,"section_number":"6.2-303","catch_line":"Contracts for more than legal rate of interest","order_by":null,"url":"\/6.2-303\/"},{"id":55614,"section_number":"6.2-314","catch_line":"Motor vehicle purchase loans by subsidiaries and affiliates of banks and savings institutions","order_by":null,"url":"\/6.2-314\/"}],"refers_to":[{"id":75984,"section_number":"59.1-335.1","catch_line":"Title","order_by":null,"url":"\/59.1-335.1\/"},{"id":78551,"section_number":"6.2-1501","catch_line":"Compliance with chapter; license required; attempts to evade application of chapter","order_by":null,"url":"\/6.2-1501\/"},{"id":76723,"section_number":"6.2-1502","catch_line":"Certain persons ineligible as licensees; exception for subsidiaries","order_by":null,"url":"\/6.2-1502\/"},{"id":84303,"section_number":"6.2-1503","catch_line":"Scope of chapter","order_by":null,"url":"\/6.2-1503\/"},{"id":79049,"section_number":"6.2-1523.1","catch_line":"(Effective July 1, 2026) Access partners","order_by":null,"url":"\/6.2-1523.1\/"},{"id":66519,"section_number":"6.2-1800","catch_line":"Definitions","order_by":null,"url":"\/6.2-1800\/"},{"id":76041,"section_number":"6.2-2200","catch_line":"Definitions","order_by":null,"url":"\/6.2-2200\/"}],"permalink":{"id":265815,"object_type":"law","relational_id":78115,"identifier":"6.2-1500","token":"6.2\/III\/15\/6.2-1500","url":"\/6.2-1500\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1500\/","token":"6.2\/III\/15\/6.2-1500","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1500","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this chapter, unless the context requires a different meaning:\n\t\t“Access partner<\/span>” means a person<\/span> that, at the person<\/span>’s physical location in the Commonwealth, facilitates the making and servicing of a loan through provision of some or all of the services described in \u00a7 6.2-1523.1<\/a> pursuant to a contract<\/span> with a licensee<\/span>. The term does not include (i) a person<\/span> licensed under Chapter 25.1 (\u00a7 59.1-335.1<\/a> et seq.) of Title 59.1; (ii) a person<\/span> that is ineligible for licensure under \u00a7 6.2-1502<\/a> or to which this chapter shall not apply under \u00a7 6.2-1503<\/a>; (iii) a person<\/span> that has had any license revoked by the Commission<\/span> at any time in the previous three years; (iv) a person<\/span> that has violated or participated in the violation of \u00a7 6.2-1501<\/a> in the previous five years; or (v) a person<\/span> who is licensed under Chapter 18 (\u00a7 6.2-1800<\/a> et seq.) or Chapter 22 (\u00a7 6.2-2200<\/a> et seq.).\n\t\t“Arranging or brokering” means, with respect to consumer finance loans, negotiating, placing, or finding<\/span> consumer finance loans for consumers, or offering to negotiate, place, or find consumer finance loans for consumers, in return for compensation paid directly by the consumers.\n\t\t“Consumer finance company<\/span>” means a person<\/span> engaged in the business of making loans to individuals for personal, family, household, or other nonbusiness purposes.\n\t\t“Licensee<\/span>” means a consumer finance company<\/span> to which a license has been issued by the Commission<\/span> pursuant to this chapter.\n\t\t“Principal<\/span>” means any person<\/span> who, directly or indirectly, owns or controls (i) 10 percent or more of the outstanding stock of a stock corporation or (ii) a 10 percent or greater interest in another person<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 6.2-1500)\n\nAs used in this chapter, unless the context requires a different meaning:\n\t\t“Access partner” means a person that, at the person’s\nphysical location in the Commonwealth, facilitates the making and servicing of a\nloan through provision of some or all of the services described in \u00a7 6.2-1523.1\npursuant to a contract with a licensee. The term does not include (i) a person\nlicensed under Chapter 25.1 (\u00a7 59.1-335.1 et seq.) of Title 59.1; (ii) a person\nthat is ineligible for licensure under \u00a7 6.2-1502 or to which this chapter\nshall not apply under \u00a7 6.2-1503; (iii) a person that has had any license\nrevoked by the Commission at any time in the previous three years; (iv) a person\nthat has violated or participated in the violation of \u00a7 6.2-1501 in the\nprevious five years; or (v) a person who is licensed under Chapter 18 (\u00a7\n6.2-1800 et seq.) or Chapter 22 (\u00a7 6.2-2200 et seq.).\n\t\t“Arranging or brokering” means, with respect to consumer finance\nloans, negotiating, placing, or finding consumer finance loans for consumers, or\noffering to negotiate, place, or find consumer finance loans for consumers, in\nreturn for compensation paid directly by the consumers.\n\t\t“Consumer finance company” means a person engaged in the business\nof making loans to individuals for personal, family, household, or other\nnonbusiness purposes.\n\t\t“Licensee” means a consumer finance company to which a license has\nbeen issued by the Commission pursuant to this chapter.\n\t\t“Principal” means any person who, directly or indirectly, owns or\ncontrols (i) 10 percent or more of the outstanding stock of a stock corporation\nor (ii) a 10 percent or greater interest in another person.\n\nHISTORY: Code 1950, \u00a7 6-275; 1966, c. 584, \u00a7 6.1-245; 1978, c. 14; 2005, c.\n63; 2010, c. 794; 2020, cc. 1215, 1258.","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}}