{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1817.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1817.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1817.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1817.html"}],"law_id":83282,"edition_id":1,"section_id":83282,"structure_id":13907,"section_number":"6.2-1817","catch_line":"Authorized fees and charges","history":"2002, c. 897, \u00a7 6.1-460; 2008, cc. 849, 876; 2010, c. 794; 2020, cc. 1215, 1258.","full_text":"A\n\nA licensee may charge, collect, and receive only the following fees and charges in connection with a short-term loan, provided such fees and charges are set forth in the written loan contract described in \u00a7 6.2-1816.1:1\n\nInterest at a simple annual rate not to exceed 36 percent;2\n\nSubject to &#xA7; 6.2-1817.1, a monthly maintenance fee that does not exceed the lesser of eight percent of the originally contracted loan amount or $25, provided the fee is not added to the loan balance on which interest is charged;3\n\nAny deposit item return fee incurred by the licensee, not to exceed $25, if a borrower&#8217;s check or electronic draft is returned because the account on which it was drawn was closed by the borrower or contained insufficient funds, or the borrower stopped payment of the check or electronic draft, provided that the terms and conditions upon which such fee will be charged to the borrower are set forth in the written loan contract described in &#xA7; 6.2-1816.1; and4\n\nDamages and costs to which the licensee may become entitled to by law in connection with any civil action to collect a loan after default, except that the total amount of damages and costs shall not exceed the originally contracted loan amount.B\n\nA licensee may impose a late charge according to the provisions of &#xA7; 6.2-400 provided, however, that the late charge shall not exceed $20.","order_by":null,"text":{"0":{"id":298398,"text":"A licensee may charge, collect, and receive only the following fees and charges in connection with a short-term loan, provided such fees and charges are set forth in the written loan contract described in \u00a7 6.2-1816.1:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":298399,"text":"Interest at a simple annual rate not to exceed 36 percent;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":298400,"text":"Subject to &#xA7; 6.2-1817.1, a monthly maintenance fee that does not exceed the lesser of eight percent of the originally contracted loan amount or $25, provided the fee is not added to the loan balance on which interest is charged;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":298401,"text":"Any deposit item return fee incurred by the licensee, not to exceed $25, if a borrower&#8217;s check or electronic draft is returned because the account on which it was drawn was closed by the borrower or contained insufficient funds, or the borrower stopped payment of the check or electronic draft, provided that the terms and conditions upon which such fee will be charged to the borrower are set forth in the written loan contract described in &#xA7; 6.2-1816.1; and","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":298402,"text":"Damages and costs to which the licensee may become entitled to by law in connection with any civil action to collect a loan after default, except that the total amount of damages and costs shall not exceed the originally contracted loan amount.","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"B"},"5":{"id":298403,"text":"A licensee may impose a late charge according to the provisions of &#xA7; 6.2-400 provided, however, that the late charge shall not exceed $20.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A4"}},"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; form; content; fee","url":"\/6.2-1803\/","token":"6.2\/III\/18\/6.2-1803","metadata":false},{"id":61878,"structure_id":13907,"section_number":"6.2-1804","catch_line":"Bond required","url":"\/6.2-1804\/","token":"6.2\/III\/18\/6.2-1804","metadata":false},{"id":59426,"structure_id":13907,"section_number":"6.2-1805","catch_line":"Investigation of applications","url":"\/6.2-1805\/","token":"6.2\/III\/18\/6.2-1805","metadata":false},{"id":85026,"structure_id":13907,"section_number":"6.2-1806","catch_line":"Qualifications","url":"\/6.2-1806\/","token":"6.2\/III\/18\/6.2-1806","metadata":false},{"id":75512,"structure_id":13907,"section_number":"6.2-1807","catch_line":"Licenses; places of offices; changes","url":"\/6.2-1807\/","token":"6.2\/III\/18\/6.2-1807","metadata":false},{"id":66531,"structure_id":13907,"section_number":"6.2-1808","catch_line":"Acquisition of control; application","url":"\/6.2-1808\/","token":"6.2\/III\/18\/6.2-1808","metadata":false},{"id":73239,"structure_id":13907,"section_number":"6.2-1809","catch_line":"Retention of books, accounts, and records","url":"\/6.2-1809\/","token":"6.2\/III\/18\/6.2-1809","metadata":false},{"id":70899,"structure_id":13907,"section_number":"6.2-1810","catch_line":"Loan database","url":"\/6.2-1810\/","token":"6.2\/III\/18\/6.2-1810","metadata":false},{"id":57801,"structure_id":13907,"section_number":"6.2-1811","catch_line":"Annual report","url":"\/6.2-1811\/","token":"6.2\/III\/18\/6.2-1811","metadata":false},{"id":61938,"structure_id":13907,"section_number":"6.2-1812","catch_line":"Other reporting requirements","url":"\/6.2-1812\/","token":"6.2\/III\/18\/6.2-1812","metadata":false},{"id":65458,"structure_id":13907,"section_number":"6.2-1813","catch_line":"Investigations; examinations","url":"\/6.2-1813\/","token":"6.2\/III\/18\/6.2-1813","metadata":false},{"id":84241,"structure_id":13907,"section_number":"6.2-1814","catch_line":"Annual fees","url":"\/6.2-1814\/","token":"6.2\/III\/18\/6.2-1814","metadata":false},{"id":60100,"structure_id":13907,"section_number":"6.2-1815","catch_line":"Regulations","url":"\/6.2-1815\/","token":"6.2\/III\/18\/6.2-1815","metadata":false},{"id":68051,"structure_id":13907,"section_number":"6.2-1816","catch_line":"Required and prohibited business methods","url":"\/6.2-1816\/","token":"6.2\/III\/18\/6.2-1816","metadata":false},{"id":55573,"structure_id":13907,"section_number":"6.2-1816.1","catch_line":"Loan terms and conditions","url":"\/6.2-1816.1\/","token":"6.2\/III\/18\/6.2-1816.1","metadata":false},{"id":83282,"structure_id":13907,"section_number":"6.2-1817","catch_line":"Authorized fees and charges","url":"\/6.2-1817\/","token":"6.2\/III\/18\/6.2-1817","metadata":false},{"id":77533,"structure_id":13907,"section_number":"6.2-1817.1","catch_line":"Inflation adjustment of maximum monthly maintenance fee","url":"\/6.2-1817.1\/","token":"6.2\/III\/18\/6.2-1817.1","metadata":false},{"id":61803,"structure_id":13907,"section_number":"6.2-1818","catch_line":"Repealed","url":"\/6.2-1818\/","token":"6.2\/III\/18\/6.2-1818","metadata":false},{"id":56654,"structure_id":13907,"section_number":"6.2-1818.1","catch_line":"Refinancing of short-term loans","url":"\/6.2-1818.1\/","token":"6.2\/III\/18\/6.2-1818.1","metadata":false},{"id":68312,"structure_id":13907,"section_number":"6.2-1818.2","catch_line":"Statement of balance due; 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}],"previous_section":{"id":55573,"structure_id":13907,"section_number":"6.2-1816.1","catch_line":"Loan terms and conditions","url":"\/6.2-1816.1\/","token":"6.2\/III\/18\/6.2-1816.1","metadata":false},"next_section":{"id":77533,"structure_id":13907,"section_number":"6.2-1817.1","catch_line":"Inflation adjustment of maximum monthly maintenance fee","url":"\/6.2-1817.1\/","token":"6.2\/III\/18\/6.2-1817.1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1817\/","history_text":"<p>This law was first created in 2002. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?021+ful+CHAP0897\">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 2008, chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?081+ful+CHAP0849\">849<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?081+ful+CHAP0876\">876<\/a>; in 2010, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?101+ful+CHAP0794\">794<\/a>; in 2020, chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?201+ful+CHAP1215\">1215<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?201+ful+CHAP1258\">1258<\/a>.<\/p>","references":[{"id":66519,"section_number":"6.2-1800","catch_line":"Definitions","order_by":null,"url":"\/6.2-1800\/"},{"id":77533,"section_number":"6.2-1817.1","catch_line":"Inflation adjustment of maximum monthly maintenance fee","order_by":null,"url":"\/6.2-1817.1\/"},{"id":66523,"section_number":"6.2-1818.3","catch_line":"Restriction on certain fees and charges","order_by":null,"url":"\/6.2-1818.3\/"}],"refers_to":[{"id":55573,"section_number":"6.2-1816.1","catch_line":"Loan terms and conditions","order_by":null,"url":"\/6.2-1816.1\/"},{"id":77533,"section_number":"6.2-1817.1","catch_line":"Inflation adjustment of maximum monthly maintenance fee","order_by":null,"url":"\/6.2-1817.1\/"},{"id":85650,"section_number":"6.2-400","catch_line":"Amount of late charge; when charge can be made","order_by":null,"url":"\/6.2-400\/"}],"permalink":{"id":266309,"object_type":"law","relational_id":83282,"identifier":"6.2-1817","token":"6.2\/III\/18\/6.2-1817","url":"\/6.2-1817\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1817\/","token":"6.2\/III\/18\/6.2-1817","dublin_core":{"Title":"Authorized fees and charges","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1817","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> A <span class=\"dictionary\">licensee<\/span> may charge, collect, and receive only the following fees and charges in connection with a <span class=\"dictionary\">short-term loan<\/span>, provided such fees and charges are set forth in the written loan <span class=\"dictionary\">contract<\/span> described in \u00a7&nbsp;<a class=\"law\" title=\"Loan terms and conditions\" href=\"\/6.2-1816.1\/\">6.2-1816.1<\/a>: <a id=\"paragraph-298398\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1817\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> <span class=\"dictionary\">Interest<\/span> at a simple annual rate not to exceed 36 percent; <a id=\"paragraph-298399\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1817\/#A1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> Subject to &#xA7; <a class=\"law\" title=\"Inflation adjustment of maximum monthly maintenance fee\" href=\"\/6.2-1817.1\/\">6.2-1817.1<\/a>, a monthly maintenance fee that does not exceed the lesser of eight percent of the originally contracted <span class=\"dictionary\">loan amount<\/span> or $25, provided the fee is not added to the loan balance on which <span class=\"dictionary\">interest<\/span> is charged; <a id=\"paragraph-298400\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1817\/#A2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> Any deposit item return fee incurred by the <span class=\"dictionary\">licensee<\/span>, not to exceed $25, if a borrower&#8217;s <span class=\"dictionary\">check<\/span> or electronic draft is returned because the account on which it was drawn was closed by the borrower or contained insufficient funds, or the borrower stopped payment of the <span class=\"dictionary\">check<\/span> or electronic draft, provided that the terms and conditions upon which such fee will be charged to the borrower are set forth in the written loan <span class=\"dictionary\">contract<\/span> described in &#xA7; <a class=\"law\" title=\"Loan terms and conditions\" href=\"\/6.2-1816.1\/\">6.2-1816.1<\/a>; and <a id=\"paragraph-298401\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1817\/#A3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A4\" class=\"indent-1\"><p><span class=\"prefix-number\">4.<\/span> <span class=\"dictionary\">Damages<\/span> and costs to which the <span class=\"dictionary\">licensee<\/span> may become entitled to by <span class=\"dictionary\">law<\/span> in connection with any <span class=\"dictionary\">civil action<\/span> to collect a loan after <span class=\"dictionary\">default<\/span>, except that the total amount of <span class=\"dictionary\">damages<\/span> and costs shall not exceed the originally contracted <span class=\"dictionary\">loan amount<\/span>. <a id=\"paragraph-298402\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1817\/#A4\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> A <span class=\"dictionary\">licensee<\/span> may impose a late charge according to the provisions of &#xA7; <a class=\"law\" title=\"Amount of late charge; when charge can be made\" href=\"\/6.2-400\/\">6.2-400<\/a> provided, however, that the late charge shall not exceed $20. <a id=\"paragraph-298403\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1817\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nAUTHORIZED FEES AND CHARGES (\u00a7 6.2-1817)\n\nA. A licensee may charge, collect, and receive only the following fees and\ncharges in connection with a short-term loan, provided such fees and charges are\nset forth in the written loan contract described in \u00a7 6.2-1816.1:\n\n   1. Interest at a simple annual rate not to exceed 36 percent;\n\n   2. Subject to &#xA7; 6.2-1817.1, a monthly maintenance fee that does not\n   exceed the lesser of eight percent of the originally contracted loan amount or\n   $25, provided the fee is not added to the loan balance on which interest is\n   charged;\n\n   3. Any deposit item return fee incurred by the licensee, not to exceed $25, if\n   a borrower&#8217;s check or electronic draft is returned because the account\n   on which it was drawn was closed by the borrower or contained insufficient\n   funds, or the borrower stopped payment of the check or electronic draft,\n   provided that the terms and conditions upon which such fee will be charged to\n   the borrower are set forth in the written loan contract described in &#xA7;\n   6.2-1816.1; and\n\n   4. Damages and costs to which the licensee may become entitled to by law in\n   connection with any civil action to collect a loan after default, except that\n   the total amount of damages and costs shall not exceed the originally\n   contracted loan amount.\n\nB. A licensee may impose a late charge according to the provisions of &#xA7;\n6.2-400 provided, however, that the late charge shall not exceed $20.\n\nHISTORY: 2002, c. 897, \u00a7 6.1-460; 2008, cc. 849, 876; 2010, c. 794; 2020, cc.\n1215, 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}}