{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1800.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1800.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1800.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1800.html"}],"law_id":66519,"edition_id":1,"section_id":66519,"structure_id":13907,"section_number":"6.2-1800","catch_line":"Definitions","history":"2002, c. 897, \u00a7 6.1-444; 2005, c. 571; 2010, c. 794; 2020, cc. 1215, 1258.","full_text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Affiliate” means a person related to a licensee by common ownership or control, or any employee or agent of a licensee.\n\t\t“Annual percentage rate” has the same meaning as in the federal Truth in Lending Act (15 U.S.C. \u00a7 1601 et seq.) and its implementing regulations, as they may be amended from time to time. All fees and charges payable directly or indirectly by a borrower to a licensee as a condition to a loan, including interest and the monthly maintenance fees authorized under \u00a7 6.2-1817, shall be included in the computation of the annual percentage rate.\n\t\t“Check” means a draft drawn on the account of an individual at a depository institution.\n\t\t“Depository institution” means a bank, savings institution, or credit union.\n\t\t“Interest” means all charges payable directly or indirectly by a borrower to a licensee as a condition to a loan, including fees, service charges, and renewal charges, and any ancillary product sold in connection with a loan, but does not include the monthly maintenance fees, deposit item return fees, or late charges authorized under \u00a7 6.2-1817.\n\t\t“Licensee” means a person to whom a license has been issued under this chapter.\n\t\t“Loan amount” means the principal amount of a loan, exclusive of fees or charges.\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 a nonstock corporation or a limited liability company.\n\t\t“Short-term loan” means a loan made pursuant to this chapter.","order_by":null,"text":{"0":{"id":241416,"text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Affiliate” means a person related to a licensee by common ownership or control, or any employee or agent of a licensee.\n\t\t“Annual percentage rate” has the same meaning as in the federal Truth in Lending Act (15 U.S.C. \u00a7 1601 et seq.) and its implementing regulations, as they may be amended from time to time. All fees and charges payable directly or indirectly by a borrower to a licensee as a condition to a loan, including interest and the monthly maintenance fees authorized under \u00a7 6.2-1817, shall be included in the computation of the annual percentage rate.\n\t\t“Check” means a draft drawn on the account of an individual at a depository institution.\n\t\t“Depository institution” means a bank, savings institution, or credit union.\n\t\t“Interest” means all charges payable directly or indirectly by a borrower to a licensee as a condition to a loan, including fees, service charges, and renewal charges, and any ancillary product sold in connection with a loan, but does not include the monthly maintenance fees, deposit item return fees, or late charges authorized under \u00a7 6.2-1817.\n\t\t“Licensee” means a person to whom a license has been issued under this chapter.\n\t\t“Loan amount” means the principal amount of a loan, exclusive of fees or charges.\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 a nonstock corporation or a limited liability company.\n\t\t“Short-term loan” means a loan made pursuant to this chapter.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13907,"edition_id":1,"name":"Short-term Loans","identifier":"18","label":"chapter","depth":3,"order_by":1,"parent_id":13060,"metadata":{},"date_created":"2026-06-26 03:46:16","date_modified":"2026-06-26 03:46:16","permalink":{"id":266235,"object_type":"structure","relational_id":13907,"identifier":"18","token":"6.2\/III\/18","url":"\/6.2\/III\/18\/","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":66519,"structure_id":13907,"section_number":"6.2-1800","catch_line":"Definitions","url":"\/6.2-1800\/","token":"6.2\/III\/18\/6.2-1800","metadata":false},{"id":85131,"structure_id":13907,"section_number":"6.2-1801","catch_line":"License requirement","url":"\/6.2-1801\/","token":"6.2\/III\/18\/6.2-1801","metadata":false},{"id":60344,"structure_id":13907,"section_number":"6.2-1802","catch_line":"Applicability","url":"\/6.2-1802\/","token":"6.2\/III\/18\/6.2-1802","metadata":false},{"id":64905,"structure_id":13907,"section_number":"6.2-1803","catch_line":"Application for license; 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repayment and refunds","url":"\/6.2-1818.2\/","token":"6.2\/III\/18\/6.2-1818.2","metadata":false},{"id":66523,"structure_id":13907,"section_number":"6.2-1818.3","catch_line":"Restriction on certain fees and charges","url":"\/6.2-1818.3\/","token":"6.2\/III\/18\/6.2-1818.3","metadata":false},{"id":86173,"structure_id":13907,"section_number":"6.2-1818.4","catch_line":"Verification of borrower's income","url":"\/6.2-1818.4\/","token":"6.2\/III\/18\/6.2-1818.4","metadata":false},{"id":73791,"structure_id":13907,"section_number":"6.2-1819","catch_line":"Advertising","url":"\/6.2-1819\/","token":"6.2\/III\/18\/6.2-1819","metadata":false},{"id":63310,"structure_id":13907,"section_number":"6.2-1820","catch_line":"Other business","url":"\/6.2-1820\/","token":"6.2\/III\/18\/6.2-1820","metadata":false},{"id":64472,"structure_id":13907,"section_number":"6.2-1821","catch_line":"Suspension or revocation of license","url":"\/6.2-1821\/","token":"6.2\/III\/18\/6.2-1821","metadata":false},{"id":54953,"structure_id":13907,"section_number":"6.2-1822","catch_line":"Cease and desist orders","url":"\/6.2-1822\/","token":"6.2\/III\/18\/6.2-1822","metadata":false},{"id":70277,"structure_id":13907,"section_number":"6.2-1823","catch_line":"Notice of proposed suspension or revocation","url":"\/6.2-1823\/","token":"6.2\/III\/18\/6.2-1823","metadata":false},{"id":78100,"structure_id":13907,"section_number":"6.2-1824","catch_line":"Civil penalties","url":"\/6.2-1824\/","token":"6.2\/III\/18\/6.2-1824","metadata":false},{"id":75542,"structure_id":13907,"section_number":"6.2-1825","catch_line":"Criminal penalties","url":"\/6.2-1825\/","token":"6.2\/III\/18\/6.2-1825","metadata":false},{"id":62632,"structure_id":13907,"section_number":"6.2-1826","catch_line":"Validity of noncompliant loan agreement; private right of action","url":"\/6.2-1826\/","token":"6.2\/III\/18\/6.2-1826","metadata":false},{"id":70623,"structure_id":13907,"section_number":"6.2-1827","catch_line":"Application of chapter to Internet loans","url":"\/6.2-1827\/","token":"6.2\/III\/18\/6.2-1827","metadata":false},{"id":68584,"structure_id":13907,"section_number":"6.2-1828","catch_line":"Authority of Attorney General; referral by Commission to Attorney General","url":"\/6.2-1828\/","token":"6.2\/III\/18\/6.2-1828","metadata":false},{"id":60701,"structure_id":13907,"section_number":"6.2-1829","catch_line":"Violation of the Virginia Consumer Protection Act","url":"\/6.2-1829\/","token":"6.2\/III\/18\/6.2-1829","metadata":false}],"next_section":{"id":85131,"structure_id":13907,"section_number":"6.2-1801","catch_line":"License requirement","url":"\/6.2-1801\/","token":"6.2\/III\/18\/6.2-1801","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1800\/","history_text":"

This law was first created in 2002. The record of its establishment is cataloged in chapter 897<\/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 3 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 2005, chapter 571<\/a>; in 2010, chapter 794<\/a>; in 2020, chapters 1215<\/a> and 1258<\/a>.<\/p>","references":[{"id":82977,"section_number":"59.1-200","catch_line":"Prohibited practices","order_by":null,"url":"\/59.1-200\/"},{"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\/"},{"id":66502,"section_number":"6.2-1507","catch_line":"Issuance of license","order_by":null,"url":"\/6.2-1507\/"},{"id":68051,"section_number":"6.2-1816","catch_line":"Required and prohibited business methods","order_by":null,"url":"\/6.2-1816\/"},{"id":67506,"section_number":"6.2-2107","catch_line":"Prohibited practices","order_by":null,"url":"\/6.2-2107\/"},{"id":67183,"section_number":"6.2-2215","catch_line":"Required and prohibited business methods","order_by":null,"url":"\/6.2-2215\/"},{"id":54679,"section_number":"6.2-2218.1","catch_line":"Other business","order_by":null,"url":"\/6.2-2218.1\/"},{"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\/"}],"refers_to":[{"id":83282,"section_number":"6.2-1817","catch_line":"Authorized fees and charges","order_by":null,"url":"\/6.2-1817\/"}],"permalink":{"id":266237,"object_type":"law","relational_id":66519,"identifier":"6.2-1800","token":"6.2\/III\/18\/6.2-1800","url":"\/6.2-1800\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1800\/","token":"6.2\/III\/18\/6.2-1800","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1800","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“Affiliate<\/span>” means a person<\/span> related to a licensee<\/span> by common ownership or control, or any employee or agent of a licensee<\/span>.\n\t\t“Annual percentage rate<\/span>” has the same meaning as in the federal Truth in Lending Act (15 U.S.C. \u00a7 1601 et seq.) and its implementing regulations, as they may be amended from time to time. All fees and charges payable directly or indirectly by a borrower to a licensee<\/span> as a condition to a loan, including interest<\/span> and the monthly maintenance fees authorized under \u00a7 6.2-1817<\/a>, shall be included in the computation of the annual percentage rate<\/span>.\n\t\t“Check<\/span>” means a draft drawn on the account of an individual at a depository institution<\/span>.\n\t\t“Depository institution<\/span>” means a bank, savings institution, or credit union.\n\t\t“Interest<\/span>” means all charges payable directly or indirectly by a borrower to a licensee<\/span> as a condition to a loan, including fees, service charges, and renewal charges, and any ancillary product sold in connection with a loan, but does not include the monthly maintenance fees, deposit item return fees, or late charges authorized under \u00a7 6.2-1817<\/a>.\n\t\t“Licensee<\/span>” means a person<\/span> to whom a license has been issued under this chapter.\n\t\t“Loan amount<\/span>” means the principal<\/span> amount of a loan, exclusive of fees or charges.\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<\/span> in a nonstock corporation or a limited liability company.\n\t\t“Short-term loan<\/span>” means a loan made pursuant to this chapter.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 6.2-1800)\n\nAs used in this chapter, unless the context requires a different meaning:\n\t\t“Affiliate” means a person related to a licensee by common\nownership or control, or any employee or agent of a licensee.\n\t\t“Annual percentage rate” has the same meaning as in the federal\nTruth in Lending Act (15 U.S.C. \u00a7 1601 et seq.) and its implementing\nregulations, as they may be amended from time to time. All fees and charges\npayable directly or indirectly by a borrower to a licensee as a condition to a\nloan, including interest and the monthly maintenance fees authorized under \u00a7\n6.2-1817, shall be included in the computation of the annual percentage rate.\n\t\t“Check” means a draft drawn on the account of an individual at a\ndepository institution.\n\t\t“Depository institution” means a bank, savings institution, or\ncredit union.\n\t\t“Interest” means all charges payable directly or indirectly by a\nborrower to a licensee as a condition to a loan, including fees, service\ncharges, and renewal charges, and any ancillary product sold in connection with\na loan, but does not include the monthly maintenance fees, deposit item return\nfees, or late charges authorized under \u00a7 6.2-1817.\n\t\t“Licensee” means a person to whom a license has been issued under\nthis chapter.\n\t\t“Loan amount” means the principal amount of a loan, exclusive of\nfees or charges.\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 a nonstock corporation or a limited\nliability company.\n\t\t“Short-term loan” means a loan made pursuant to this chapter.\n\nHISTORY: 2002, c. 897, \u00a7 6.1-444; 2005, c. 571; 2010, c. 794; 2020, cc. 1215,\n1258.","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}}