{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1523.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1523.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1523.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1523.1.html"}],"law_id":79049,"edition_id":1,"section_id":79049,"structure_id":13144,"section_number":"6.2-1523.1","catch_line":"(Effective July 1, 2026) Access partners","history":"2020, cc. 1215, 1258; 2025, c. 214.","full_text":"A\n\nNotwithstanding the provisions of \u00a7\u00a7 6.2-1501 and 6.2-1518, a licensee may use the services of one or more access partners, provided that all of the following conditions are met:1\n\nAll loans made in connection with an access partner comply with the requirements of this chapter.2\n\nThe licensee maintains a written agreement with each access partner. The written agreement shall (i) require the access partner to comply with this section and all rules adopted under this section regarding the activities of access partners; (ii) give the Commission access to the access partner’s books and records pertaining to the access partner’s operations under the agreement with the licensee in accordance with § 6.2-1533 and authority to examine the access partner pursuant to § 6.2-1531; (iii) prohibit the access partner from charging or accepting any fees or compensation in connection with a loan from any person, other than what the licensee pays to the access partner under the terms of the contract; and (iv) require the access partner to keep written records sufficient to ensure compliance with this chapter, including records of all loan disbursements and loan payments for at least three years.3\n\nA licensee shall conduct a due diligence review of all access partners. The due diligence shall include a review of the access partner’s financial soundness and legal compliance and the criminal history of the access partner and its employees. A licensee shall be responsible for implementing and maintaining a reasonable risk-based supervision program to monitor its access partners. The licensee shall provide to the Commission any information relating to the access partners as the Commissioner prescribes. Such information shall be provided in a form and manner as prescribed by the Commissioner.4\n\nThe services of an access partner shall be limited to (i) distributing written materials or providing written factual information about loans that has been prepared or authorized in writing by the licensee; (ii) explaining the loan application process to prospective borrowers or assisting applicants to complete a loan application according to procedures the licensee approves; (iii) processing credit applications provided by the licensee, which applications shall clearly state that the licensee is the lender and disclose the licensee’s contact information and how to submit complaints to the Commission; (iv) communicating with the licensee or the applicant about the status of applications; (v) obtaining the borrower’s signature on documents prepared by the licensee and delivering final documents to the borrower; (vi) disbursing loan proceeds or receiving loan payments, provided the access partner provides a plain and complete written receipt at the time each disbursement or payment is made; and (vii) operating electronic access points through which a prospective borrower may directly access the website of the licensee to apply for a loan.5\n\nAn access partner shall not (i) provide counseling or advice to a borrower or prospective borrower with respect to any loan term; (ii) provide loan-related marketing material that has not previously been approved by the licensee; (iii) negotiate a loan term between a licensee and a prospective borrower; (iv) offer information pertaining to a single prospective borrower to more than one licensee, except that if a licensee has declined to offer a loan to a prospective borrower in writing the access partner may offer information pertaining to that borrower to another licensee with whom it has an access partner agreement; or (v) offer information pertaining to any prospective borrower to any person or entity other than a licensee operating under this chapter, subject to clause (iv).6\n\nA licensee shall apply any payment a borrower makes to an access partner as of the date on which the payment is received by the access partner.7\n\nA licensee shall not (i) hold a borrower liable for a failure or delay by an access partner in transmitting a payment to the licensee; (ii) knowingly conduct business with an access partner that has solicited or accepted fees or compensation in connection with a licensee’s loan other than what is specified in the written agreement described in subdivision 2; or (iii) directly or indirectly pass on to a borrower any fee or other compensation that a licensee pays to an access partner in connection with such borrower’s loan.B\n\nA licensee shall be responsible for any act of its access partner if such act would violate any provision of this chapter.C\n\nThe Commission may (i) bar a licensee that violates any part of this chapter from using the services of specified access partners, or access partners generally; (ii) subject a licensee to disciplinary action for any violation of this chapter committed by a contracted access partner; or (iii) bar any person who violates the requirements of this chapter from performing services pursuant to this chapter generally or at particular locations.D\n\nThe Commission shall have the authority to conduct investigation and examination of access partners, provided the scope of any investigation or examination shall be limited to those books, accounts, records, documents, materials, and matters reasonably necessary to determine compliance with this chapter.E\n\nAn access partner location shall not be considered an office for purposes of § 6.2-1508.1.F\n\nAn access partner shall not be required to be licensed under Chapter 19.1 (§ 6.2-1922 et seq.) to provide the services of an access partner described in subdivision A 4.","order_by":null,"text":{"0":{"id":283144,"text":"Notwithstanding the provisions of \u00a7\u00a7 6.2-1501 and 6.2-1518, a licensee may use the services of one or more access partners, provided that all of the following conditions are met:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":283145,"text":"All loans made in connection with an access partner comply with the requirements of this chapter.","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":283146,"text":"The licensee maintains a written agreement with each access partner. The written agreement shall (i) require the access partner to comply with this section and all rules adopted under this section regarding the activities of access partners; (ii) give the Commission access to the access partner’s books and records pertaining to the access partner’s operations under the agreement with the licensee in accordance with § 6.2-1533 and authority to examine the access partner pursuant to § 6.2-1531; (iii) prohibit the access partner from charging or accepting any fees or compensation in connection with a loan from any person, other than what the licensee pays to the access partner under the terms of the contract; and (iv) require the access partner to keep written records sufficient to ensure compliance with this chapter, including records of all loan disbursements and loan payments for at least three years.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":283147,"text":"A licensee shall conduct a due diligence review of all access partners. The due diligence shall include a review of the access partner’s financial soundness and legal compliance and the criminal history of the access partner and its employees. A licensee shall be responsible for implementing and maintaining a reasonable risk-based supervision program to monitor its access partners. The licensee shall provide to the Commission any information relating to the access partners as the Commissioner prescribes. Such information shall be provided in a form and manner as prescribed by the Commissioner.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":283148,"text":"The services of an access partner shall be limited to (i) distributing written materials or providing written factual information about loans that has been prepared or authorized in writing by the licensee; (ii) explaining the loan application process to prospective borrowers or assisting applicants to complete a loan application according to procedures the licensee approves; (iii) processing credit applications provided by the licensee, which applications shall clearly state that the licensee is the lender and disclose the licensee’s contact information and how to submit complaints to the Commission; (iv) communicating with the licensee or the applicant about the status of applications; (v) obtaining the borrower’s signature on documents prepared by the licensee and delivering final documents to the borrower; (vi) disbursing loan proceeds or receiving loan payments, provided the access partner provides a plain and complete written receipt at the time each disbursement or payment is made; and (vii) operating electronic access points through which a prospective borrower may directly access the website of the licensee to apply for a loan.","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"A5"},"5":{"id":283149,"text":"An access partner shall not (i) provide counseling or advice to a borrower or prospective borrower with respect to any loan term; (ii) provide loan-related marketing material that has not previously been approved by the licensee; (iii) negotiate a loan term between a licensee and a prospective borrower; (iv) offer information pertaining to a single prospective borrower to more than one licensee, except that if a licensee has declined to offer a loan to a prospective borrower in writing the access partner may offer information pertaining to that borrower to another licensee with whom it has an access partner agreement; or (v) offer information pertaining to any prospective borrower to any person or entity other than a licensee operating under this chapter, subject to clause (iv).","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2,"prior_prefix":"A4","next_prefix":"A6"},"6":{"id":283150,"text":"A licensee shall apply any payment a borrower makes to an access partner as of the date on which the payment is received by the access partner.","type":"section","prefixes":["A","6"],"prefix":"6","entire_prefix":"A6","prefix_anchor":"A6","level":2,"prior_prefix":"A5","next_prefix":"A7"},"7":{"id":283151,"text":"A licensee shall not (i) hold a borrower liable for a failure or delay by an access partner in transmitting a payment to the licensee; (ii) knowingly conduct business with an access partner that has solicited or accepted fees or compensation in connection with a licensee’s loan other than what is specified in the written agreement described in subdivision 2; or (iii) directly or indirectly pass on to a borrower any fee or other compensation that a licensee pays to an access partner in connection with such borrower’s loan.","type":"section","prefixes":["A","7"],"prefix":"7","entire_prefix":"A7","prefix_anchor":"A7","level":2,"prior_prefix":"A6","next_prefix":"B"},"8":{"id":283152,"text":"A licensee shall be responsible for any act of its access partner if such act would violate any provision of this chapter.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A7","next_prefix":"C"},"9":{"id":283153,"text":"The Commission may (i) bar a licensee that violates any part of this chapter from using the services of specified access partners, or access partners generally; (ii) subject a licensee to disciplinary action for any violation of this chapter committed by a contracted access partner; or (iii) bar any person who violates the requirements of this chapter from performing services pursuant to this chapter generally or at particular locations.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"10":{"id":283154,"text":"The Commission shall have the authority to conduct investigation and examination of access partners, provided the scope of any investigation or examination shall be limited to those books, accounts, records, documents, materials, and matters reasonably necessary to determine compliance with this chapter.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"11":{"id":283155,"text":"An access partner location shall not be considered an office for purposes of § 6.2-1508.1.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"F"},"12":{"id":283156,"text":"An access partner shall not be required to be licensed under Chapter 19.1 (§ 6.2-1922 et seq.) to provide the services of an access partner described in subdivision A 4.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1523.1\/","history_text":"

This law was first created in 2020. The record of its establishment is cataloged in chapters 1215<\/a> and 1258<\/a> 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. It has been modified 1 time. 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. That modification is as follows: in 2025, chapter 214<\/a>.<\/p>","references":[{"id":78115,"section_number":"6.2-1500","catch_line":"Definitions","order_by":null,"url":"\/6.2-1500\/"},{"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\/"}],"refers_to":[{"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":71894,"section_number":"6.2-1518","catch_line":"Notice of conduct of other business in same place of business; fee","order_by":null,"url":"\/6.2-1518\/"},{"id":69823,"section_number":"6.2-1531","catch_line":"Examination","order_by":null,"url":"\/6.2-1531\/"},{"id":80929,"section_number":"6.2-1533","catch_line":"Books, accounts, and records; pledge or deposit of notes and securities","order_by":null,"url":"\/6.2-1533\/"},{"id":78099,"section_number":"6.2-1922","catch_line":"(Effective July 1, 2026) Definitions","order_by":null,"url":"\/6.2-1922\/"}],"permalink":{"id":265915,"object_type":"law","relational_id":79049,"identifier":"6.2-1523.1","token":"6.2\/III\/15\/6.2-1523.1","url":"\/6.2-1523.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1523.1\/","token":"6.2\/III\/15\/6.2-1523.1","dublin_core":{"Title":"(Effective July 1, 2026) Access partners","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1523.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Notwithstanding the provisions of \u00a7\u00a7 6.2-1501<\/a> and 6.2-1518<\/a>, a licensee<\/span> may use the services of one or more access partners<\/span>, provided that all of the following conditions are met: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> All loans made in connection with an access partner<\/span> comply with the requirements of this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The licensee<\/span> maintains a written agreement with each access partner<\/span>. The written agreement shall (i) require the access partner<\/span> to comply with this section and all rules adopted under this section regarding the activities of access partners<\/span>; (ii) give the Commission<\/span> access to the access partner<\/span>’s books and records pertaining to the access partner<\/span>’s operations under the agreement with the licensee<\/span> in accordance with § 6.2-1533<\/a> and authority to examine the access partner<\/span> pursuant to § 6.2-1531<\/a>; (iii) prohibit the access partner<\/span> from charging or accepting any fees or compensation in connection with a loan from any person<\/span>, other than what the licensee<\/span> pays to the access partner<\/span> under the terms of the contract<\/span>; and (iv) require the access partner<\/span> to keep written records sufficient to ensure compliance with this chapter, including records of all loan disbursements and loan payments for at least three years. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> A licensee<\/span> shall conduct a due diligence review of all access partners<\/span>. The due diligence shall include a review of the access partner<\/span>’s financial soundness and legal compliance and the criminal history of the access partner<\/span> and its employees. A licensee<\/span> shall be responsible for implementing and maintaining a reasonable risk-based supervision program to monitor its access partners<\/span>. The licensee<\/span> shall provide to the Commission<\/span> any information relating to the access partners<\/span> as the Commissioner<\/span> prescribes. Such information shall be provided in a form and manner as prescribed by the Commissioner<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> The services of an access partner<\/span> shall be limited to (i) distributing written materials<\/span> or providing written factual information about loans that has been prepared or authorized in writing by the licensee<\/span>; (ii) explaining the loan application process to prospective borrowers or assisting applicants to complete a loan application according to procedures the licensee<\/span> approves; (iii) processing credit applications provided by the licensee<\/span>, which applications shall clearly state that the licensee<\/span> is the lender and disclose the licensee<\/span>’s contact information and how to submit complaints to the Commission<\/span>; (iv) communicating with the licensee<\/span> or the applicant about the status of applications; (v) obtaining the borrower’s signature on documents prepared by the licensee<\/span> and delivering final documents to the borrower; (vi) disbursing loan proceeds or receiving loan payments, provided the access partner<\/span> provides a plain and complete written receipt at the time each disbursement or payment is made; and (vii) operating electronic access points through which a prospective borrower may directly access the website of the licensee<\/span> to apply for a loan. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> An access partner<\/span> shall not (i) provide counseling or advice to a borrower or prospective borrower with respect to any loan term; (ii) provide loan-related marketing material<\/span> that has not previously been approved by the licensee<\/span>; (iii) negotiate a loan term between a licensee<\/span> and a prospective borrower; (iv) offer information pertaining to a single prospective borrower to more than one licensee<\/span>, except that if a licensee<\/span> has declined to offer a loan to a prospective borrower in writing the access partner<\/span> may offer information pertaining to that borrower to another licensee<\/span> with whom it has an access partner<\/span> agreement; or (v) offer information pertaining to any prospective borrower to any person<\/span> or entity<\/span> other than a licensee<\/span> operating under this chapter, subject to clause (iv). <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> A licensee<\/span> shall apply any payment a borrower makes to an access partner<\/span> as of the date on which the payment is received by the access partner<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> A licensee<\/span> shall not (i) hold a borrower liable for a failure or delay by an access partner<\/span> in transmitting a payment to the licensee<\/span>; (ii) knowingly conduct business with an access partner<\/span> that has solicited or accepted fees or compensation in connection with a licensee<\/span>’s loan other than what is specified in the written agreement described in subdivision 2; or (iii) directly or indirectly pass on to a borrower any fee or other compensation that a licensee<\/span> pays to an access partner<\/span> in connection with such borrower’s loan. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A licensee<\/span> shall be responsible for any act of its access partner<\/span> if such act would violate any provision of this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The Commission<\/span> may (i) bar a licensee<\/span> that violates any part of this chapter from using the services of specified access partners<\/span>, or access partners<\/span> generally; (ii) subject a licensee<\/span> to disciplinary action for any violation of this chapter committed by a contracted access partner<\/span>; or (iii) bar any person<\/span> who violates the requirements of this chapter from performing services pursuant to this chapter generally or at particular locations. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The Commission<\/span> shall have the authority to conduct investigation and examination of access partners<\/span>, provided the scope of any investigation or examination shall be limited to those books, accounts, records, documents, materials<\/span>, and matters reasonably necessary to determine compliance with this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> An access partner<\/span> location shall not be considered an office for purposes of § 6.2-1508.1<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

F.<\/span> An access partner<\/span> shall not be required to be licensed under Chapter 19.1 (§ 6.2-1922<\/a> et seq.) to provide the services of an access partner<\/span> described in subdivision A 4. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\n(EFFECTIVE JULY 1, 2026) ACCESS PARTNERS (\u00a7 6.2-1523.1)\n\nA. Notwithstanding the provisions of \u00a7\u00a7 6.2-1501 and 6.2-1518, a licensee may\nuse the services of one or more access partners, provided that all of the\nfollowing conditions are met:\n\n 1. All loans made in connection with an access partner comply with the\n requirements of this chapter.\n\n 2. The licensee maintains a written agreement with each access partner. The\n written agreement shall (i) require the access partner to comply with this\n section and all rules adopted under this section regarding the activities of\n access partners; (ii) give the Commission access to the access partner’s\n books and records pertaining to the access partner’s operations under\n the agreement with the licensee in accordance with § 6.2-1533 and\n authority to examine the access partner pursuant to § 6.2-1531; (iii)\n prohibit the access partner from charging or accepting any fees or\n compensation in connection with a loan from any person, other than what the\n licensee pays to the access partner under the terms of the contract; and (iv)\n require the access partner to keep written records sufficient to ensure\n compliance with this chapter, including records of all loan disbursements and\n loan payments for at least three years.\n\n 3. A licensee shall conduct a due diligence review of all access partners. The\n due diligence shall include a review of the access partner’s financial\n soundness and legal compliance and the criminal history of the access partner\n and its employees. A licensee shall be responsible for implementing and\n maintaining a reasonable risk-based supervision program to monitor its access\n partners. The licensee shall provide to the Commission any information\n relating to the access partners as the Commissioner prescribes. Such\n information shall be provided in a form and manner as prescribed by the\n Commissioner.\n\n 4. The services of an access partner shall be limited to (i) distributing\n written materials or providing written factual information about loans that\n has been prepared or authorized in writing by the licensee; (ii) explaining\n the loan application process to prospective borrowers or assisting applicants\n to complete a loan application according to procedures the licensee approves;\n (iii) processing credit applications provided by the licensee, which\n applications shall clearly state that the licensee is the lender and disclose\n the licensee’s contact information and how to submit complaints to the\n Commission; (iv) communicating with the licensee or the applicant about the\n status of applications; (v) obtaining the borrower’s signature on\n documents prepared by the licensee and delivering final documents to the\n borrower; (vi) disbursing loan proceeds or receiving loan payments, provided\n the access partner provides a plain and complete written receipt at the time\n each disbursement or payment is made; and (vii) operating electronic access\n points through which a prospective borrower may directly access the website of\n the licensee to apply for a loan.\n\n 5. An access partner shall not (i) provide counseling or advice to a borrower\n or prospective borrower with respect to any loan term; (ii) provide\n loan-related marketing material that has not previously been approved by the\n licensee; (iii) negotiate a loan term between a licensee and a prospective\n borrower; (iv) offer information pertaining to a single prospective borrower\n to more than one licensee, except that if a licensee has declined to offer a\n loan to a prospective borrower in writing the access partner may offer\n information pertaining to that borrower to another licensee with whom it has\n an access partner agreement; or (v) offer information pertaining to any\n prospective borrower to any person or entity other than a licensee operating\n under this chapter, subject to clause (iv).\n\n 6. A licensee shall apply any payment a borrower makes to an access partner as\n of the date on which the payment is received by the access partner.\n\n 7. A licensee shall not (i) hold a borrower liable for a failure or delay by\n an access partner in transmitting a payment to the licensee; (ii) knowingly\n conduct business with an access partner that has solicited or accepted fees or\n compensation in connection with a licensee’s loan other than what is\n specified in the written agreement described in subdivision 2; or (iii)\n directly or indirectly pass on to a borrower any fee or other compensation\n that a licensee pays to an access partner in connection with such\n borrower’s loan.\n\nB. A licensee shall be responsible for any act of its access partner if such act\nwould violate any provision of this chapter.\n\nC. The Commission may (i) bar a licensee that violates any part of this chapter\nfrom using the services of specified access partners, or access partners\ngenerally; (ii) subject a licensee to disciplinary action for any violation of\nthis chapter committed by a contracted access partner; or (iii) bar any person\nwho violates the requirements of this chapter from performing services pursuant\nto this chapter generally or at particular locations.\n\nD. The Commission shall have the authority to conduct investigation and\nexamination of access partners, provided the scope of any investigation or\nexamination shall be limited to those books, accounts, records, documents,\nmaterials, and matters reasonably necessary to determine compliance with this\nchapter.\n\nE. An access partner location shall not be considered an office for purposes of\n§ 6.2-1508.1.\n\nF. An access partner shall not be required to be licensed under Chapter 19.1\n(§ 6.2-1922 et seq.) to provide the services of an access partner described\nin subdivision A 4.\n\nHISTORY: 2020, cc. 1215, 1258; 2025, c. 214.","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}}