{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1501.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1501.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1501.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1501.html"}],"law_id":78551,"edition_id":1,"section_id":78551,"structure_id":13144,"section_number":"6.2-1501","catch_line":"Compliance with chapter; license required; attempts to evade application of chapter","history":"Code 1950, \u00a7\u00a7 6-279, 6-281; 1956, c. 71; 1966, c. 584, \u00a7\u00a7 6.1-249, 6.1-251; 1968, c. 489; 1974, c. 371; 1986, c. 502; 1995, c. 2; 1998, c. 9; 2001, c. 308; 2002, c. 897; 2010, cc. 477, 794; 2020, cc. 1215, 1258.","full_text":"A\n\nNo person shall engage in the business of making loans to individuals for personal, family, household, or other nonbusiness purposes, and charge, contract for, or receive, directly or indirectly, on or in connection with any loan interest, charges, compensation, consideration, or expense that in the aggregate is greater than the interest permitted by § 6.2-303, whether or not the person has a location in the Commonwealth, except as provided in and authorized by this chapter, Chapter 18 (§ 6.2-1800 et seq.), or Chapter 22 (§ 6.2-2200 et seq.) and without first having obtained a license from the Commission.B\n\nSubject to subdivision C 3 and subsection C of \u00a7 6.2-1524, the prohibition in subsection A shall not be construed to prevent any person, other than a licensee, from:1\n\nProviding the services of an access partner described in § 6.2-1523.1;2\n\nMaking a mortgage loan pursuant to §§ 6.2-325 and 6.2-326 or §§ 6.2-327 and 6.2-328 in any principal amount; or3\n\nExtending credit as described in § 6.2-312 in any amount.C\n\nThe provisions of subsection A shall apply to any person who seeks to evade its application by any device, subterfuge, or pretense whatsoever, including:1\n\nThe loan, forbearance, use, or sale of (i) credit, as guarantor, surety, endorser, comaker, or otherwise; (ii) money; (iii) goods; or (iv) things in action;2\n\nThe use of collateral or related sales or purchases of goods or services, or agreements to sell or purchase, whether real or pretended; receiving or charging compensation for goods or services, whether or not sold, delivered, or provided; and3\n\nThe real or pretended negotiation, arrangement, or procurement of a loan through any use or activity of a third person, whether real or fictitious.D\n\nNo person shall engage in the business of arranging or brokering consumer finance loans for any consumer residing in the Commonwealth, whether or not the person has an office or conducts business at a location in the Commonwealth.E\n\nThe provisions of this section shall apply to any person, whether or not the person has an office or conducts business at a location in the Commonwealth.F\n\nAny loan made in violation of this section is void, and no person shall have the right to collect, receive, or retain any principal, interest, fees, or other charges in connection with the loan.","order_by":null,"text":{"0":{"id":281492,"text":"No person shall engage in the business of making loans to individuals for personal, family, household, or other nonbusiness purposes, and charge, contract for, or receive, directly or indirectly, on or in connection with any loan interest, charges, compensation, consideration, or expense that in the aggregate is greater than the interest permitted by § 6.2-303, whether or not the person has a location in the Commonwealth, except as provided in and authorized by this chapter, Chapter 18 (§ 6.2-1800 et seq.), or Chapter 22 (§ 6.2-2200 et seq.) and without first having obtained a license from the Commission.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":281493,"text":"Subject to subdivision C 3 and subsection C of \u00a7 6.2-1524, the prohibition in subsection A shall not be construed to prevent any person, other than a licensee, from:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":281494,"text":"Providing the services of an access partner described in § 6.2-1523.1;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":281495,"text":"Making a mortgage loan pursuant to §§ 6.2-325 and 6.2-326 or §§ 6.2-327 and 6.2-328 in any principal amount; or","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":281496,"text":"Extending credit as described in § 6.2-312 in any amount.","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"C"},"5":{"id":281497,"text":"The provisions of subsection A shall apply to any person who seeks to evade its application by any device, subterfuge, or pretense whatsoever, including:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B3","next_prefix":"C1"},"6":{"id":281498,"text":"The loan, forbearance, use, or sale of (i) credit, as guarantor, surety, endorser, comaker, or otherwise; (ii) money; (iii) goods; or (iv) things in action;","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"7":{"id":281499,"text":"The use of collateral or related sales or purchases of goods or services, or agreements to sell or purchase, whether real or pretended; receiving or charging compensation for goods or services, whether or not sold, delivered, or provided; and","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1","next_prefix":"C3"},"8":{"id":281500,"text":"The real or pretended negotiation, arrangement, or procurement of a loan through any use or activity of a third person, whether real or fictitious.","type":"section","prefixes":["C","3"],"prefix":"3","entire_prefix":"C3","prefix_anchor":"C3","level":2,"prior_prefix":"C2","next_prefix":"D"},"9":{"id":281501,"text":"No person shall engage in the business of arranging or brokering consumer finance loans for any consumer residing in the Commonwealth, whether or not the person has an office or conducts business at a location in the Commonwealth.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C3","next_prefix":"E"},"10":{"id":281502,"text":"The provisions of this section shall apply to any person, whether or not the person has an office or conducts business at a location in the Commonwealth.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"F"},"11":{"id":281503,"text":"Any loan made in violation of this section is void, and no person shall have the right to collect, receive, or retain any principal, interest, fees, or other charges in connection with the loan.","type":"section","prefixes":["F"],"prefix":"F","entire_prefix":"F","prefix_anchor":"F","level":1,"prior_prefix":"E"}},"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; 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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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1501\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 11 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 1956, chapter 71; in 1966, chapter 584; in 1968, chapter 489; in 1974, chapter 371; in 1986, chapter 502; in 1995, chapter 2<\/a>; in 1998, chapter 9<\/a>; in 2001, chapter 308<\/a>; in 2002, chapter 897<\/a>; in 2010, chapters 477<\/a> and 794<\/a>; in 2020, chapters 1215<\/a> and 1258<\/a>.<\/p>","references":[{"id":78115,"section_number":"6.2-1500","catch_line":"Definitions","order_by":null,"url":"\/6.2-1500\/"},{"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":55624,"section_number":"6.2-1523.2","catch_line":"Application of chapter to Internet loans","order_by":null,"url":"\/6.2-1523.2\/"},{"id":82107,"section_number":"6.2-1537","catch_line":"Authority of Attorney General; impoundment of property and receivership","order_by":null,"url":"\/6.2-1537\/"},{"id":83145,"section_number":"6.2-1540","catch_line":"Criminal penalties","order_by":null,"url":"\/6.2-1540\/"},{"id":86509,"section_number":"6.2-1541","catch_line":"Unlawful contracts void; recovery of amounts paid","order_by":null,"url":"\/6.2-1541\/"}],"refers_to":[{"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":83728,"section_number":"6.2-1524","catch_line":"Required and prohibited activities and conduct","order_by":null,"url":"\/6.2-1524\/"},{"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\/"},{"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":71317,"section_number":"6.2-312","catch_line":"Open-end credit plans","order_by":null,"url":"\/6.2-312\/"},{"id":81140,"section_number":"6.2-325","catch_line":"Certain loans secured by first deed of trust or mortgage","order_by":null,"url":"\/6.2-325\/"},{"id":57847,"section_number":"6.2-326","catch_line":"Fees and charges in connection with loans by real estate lenders","order_by":null,"url":"\/6.2-326\/"},{"id":66025,"section_number":"6.2-327","catch_line":"Certain loans secured by a subordinate deed of trust or mortgage","order_by":null,"url":"\/6.2-327\/"},{"id":55296,"section_number":"6.2-328","catch_line":"Charges allowed on loan secured by subordinate mortgage","order_by":null,"url":"\/6.2-328\/"}],"permalink":{"id":265819,"object_type":"law","relational_id":78551,"identifier":"6.2-1501","token":"6.2\/III\/15\/6.2-1501","url":"\/6.2-1501\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1501\/","token":"6.2\/III\/15\/6.2-1501","dublin_core":{"Title":"Compliance with chapter; license required; attempts to evade application of chapter","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1501","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> No person<\/span> shall engage in the business of making loans to individuals for personal, family, household, or other nonbusiness purposes, and charge, contract<\/span> for, or receive, directly or indirectly, on or in connection with any loan interest, charges, compensation, consideration, or expense that in the aggregate is greater than the interest permitted by § 6.2-303<\/a>, whether or not the person<\/span> has a location in the Commonwealth, except as provided in and authorized by this chapter, Chapter 18 (§ 6.2-1800<\/a> et seq.), or Chapter 22 (§ 6.2-2200<\/a> et seq.) and without first having obtained a license from the Commission<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Subject to subdivision C 3 and subsection C of \u00a7 6.2-1524<\/a>, the prohibition in subsection A shall not be construed to prevent any person<\/span>, other than a licensee<\/span>, from: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Providing the services of an access partner<\/span> described in § 6.2-1523.1<\/a>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Making a mortgage loan pursuant to §§ 6.2-325<\/a> and 6.2-326<\/a> or §§ 6.2-327<\/a> and 6.2-328<\/a> in any principal<\/span> amount; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Extending credit as described in § 6.2-312<\/a> in any amount. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The provisions of subsection A shall apply to any person<\/span> who seeks to evade its application by any device, subterfuge, or pretense whatsoever, including: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The loan, forbearance, use, or sale of (i) credit, as guarantor, surety<\/span>, endorser, comaker, or otherwise; (ii) money; (iii) goods; or (iv) things in action; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The use of collateral<\/span> or related sales or purchases of goods or services, or agreements to sell or purchase, whether real or pretended; receiving or charging compensation for goods or services, whether or not sold, delivered, or provided; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The real or pretended negotiation, arrangement, or procurement of a loan through any use or activity of a third person<\/span>, whether real or fictitious. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> No person<\/span> shall engage in the business of arranging or brokering consumer finance loans for any consumer residing in the Commonwealth, whether or not the person<\/span> has an office or conducts business at a location in the Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> The provisions of this section shall apply to any person<\/span>, whether or not the person<\/span> has an office or conducts business at a location in the Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

F.<\/span> Any loan made in violation of this section is void, and no person<\/span> shall have the right to collect, receive, or retain any principal<\/span>, interest, fees, or other charges in connection with the loan. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCOMPLIANCE WITH CHAPTER; LICENSE REQUIRED; ATTEMPTS TO EVADE APPLICATION OF\nCHAPTER (\u00a7 6.2-1501)\n\nA. No person shall engage in the business of making loans to individuals for\npersonal, family, household, or other nonbusiness purposes, and charge, contract\nfor, or receive, directly or indirectly, on or in connection with any loan\ninterest, charges, compensation, consideration, or expense that in the aggregate\nis greater than the interest permitted by § 6.2-303, whether or not the\nperson has a location in the Commonwealth, except as provided in and authorized\nby this chapter, Chapter 18 (§ 6.2-1800 et seq.), or Chapter 22 (§\n6.2-2200 et seq.) and without first having obtained a license from the\nCommission.\n\nB. Subject to subdivision C 3 and subsection C of \u00a7 6.2-1524, the prohibition\nin subsection A shall not be construed to prevent any person, other than a\nlicensee, from:\n\n 1. Providing the services of an access partner described in § 6.2-1523.1;\n\n 2. Making a mortgage loan pursuant to §§ 6.2-325 and 6.2-326 or\n §§ 6.2-327 and 6.2-328 in any principal amount; or\n\n 3. Extending credit as described in § 6.2-312 in any amount.\n\nC. The provisions of subsection A shall apply to any person who seeks to evade\nits application by any device, subterfuge, or pretense whatsoever, including:\n\n 1. The loan, forbearance, use, or sale of (i) credit, as guarantor, surety,\n endorser, comaker, or otherwise; (ii) money; (iii) goods; or (iv) things in\n action;\n\n 2. The use of collateral or related sales or purchases of goods or services,\n or agreements to sell or purchase, whether real or pretended; receiving or\n charging compensation for goods or services, whether or not sold, delivered,\n or provided; and\n\n 3. The real or pretended negotiation, arrangement, or procurement of a loan\n through any use or activity of a third person, whether real or fictitious.\n\nD. No person shall engage in the business of arranging or brokering consumer\nfinance loans for any consumer residing in the Commonwealth, whether or not the\nperson has an office or conducts business at a location in the Commonwealth.\n\nE. The provisions of this section shall apply to any person, whether or not the\nperson has an office or conducts business at a location in the Commonwealth.\n\nF. Any loan made in violation of this section is void, and no person shall have\nthe right to collect, receive, or retain any principal, interest, fees, or other\ncharges in connection with the loan.\n\nHISTORY: Code 1950, \u00a7\u00a7 6-279, 6-281; 1956, c. 71; 1966, c. 584, \u00a7\u00a7 6.1-249,\n6.1-251; 1968, c. 489; 1974, c. 371; 1986, c. 502; 1995, c. 2; 1998, c. 9; 2001,\nc. 308; 2002, c. 897; 2010, cc. 477, 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}}