{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-2001.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-2001.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-2001.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-2001.html"}],"law_id":85410,"edition_id":1,"section_id":85410,"structure_id":13648,"section_number":"6.2-2001","catch_line":"(Effective July 1, 2026) License requirement; exceptions","history":"2004, c. 790, \u00a7 6.1-363.3; 2010, c. 794; 2019, c. 325; 2025, c. 214.","full_text":"A\n\nNo person shall engage in the business of providing or offering to provide a DMP to any consumer, whether or not the person has an office, facility, agent, or other physical presence in the Commonwealth, unless such person obtains from the Commission a license issued pursuant to this chapter. The provisions of this chapter shall not apply to any bank, savings institution, or credit union, or to a person licensed to practice law in the Commonwealth.B\n\nThis chapter shall be construed by the Commission to promote sound personal financial advice and management, and protect against financial loss consumers who place money or control of their funds or credit into the custody of an agency for transmission to such consumers&#8217; creditors.C\n\nA person licensed under this chapter is not required to be licensed as a money transmitter under Chapter 19.1 (&#xA7; 6.2-1922 et seq.), if the person&#8217;s money transmission activities are limited to providing debt pooling and distribution services in accordance with this chapter.","order_by":null,"text":{"0":{"id":305985,"text":"No person shall engage in the business of providing or offering to provide a DMP to any consumer, whether or not the person has an office, facility, agent, or other physical presence in the Commonwealth, unless such person obtains from the Commission a license issued pursuant to this chapter. The provisions of this chapter shall not apply to any bank, savings institution, or credit union, or to a person licensed to practice law in the Commonwealth.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":305986,"text":"This chapter shall be construed by the Commission to promote sound personal financial advice and management, and protect against financial loss consumers who place money or control of their funds or credit into the custody of an agency for transmission to such consumers&#8217; creditors.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":305987,"text":"A person licensed under this chapter is not required to be licensed as a money transmitter under Chapter 19.1 (&#xA7; 6.2-1922 et seq.), if the person&#8217;s money transmission activities are limited to providing debt pooling and distribution services in accordance with this chapter.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":13648,"edition_id":1,"name":"Agencies Providing Debt Management Plans","identifier":"20","label":"chapter","depth":3,"order_by":1,"parent_id":13060,"metadata":{},"date_created":"2026-06-26 03:45:28","date_modified":"2026-06-26 03:45:28","permalink":{"id":266625,"object_type":"structure","relational_id":13648,"identifier":"20","token":"6.2\/III\/20","url":"\/6.2\/III\/20\/","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":74235,"structure_id":13648,"section_number":"6.2-2000","catch_line":"Definitions","url":"\/6.2-2000\/","token":"6.2\/III\/20\/6.2-2000","metadata":false},{"id":85410,"structure_id":13648,"section_number":"6.2-2001","catch_line":"(Effective July 1, 2026) License requirement; exceptions","url":"\/6.2-2001\/","token":"6.2\/III\/20\/6.2-2001","metadata":false},{"id":86912,"structure_id":13648,"section_number":"6.2-2002","catch_line":"Application for license; form; content; fee","url":"\/6.2-2002\/","token":"6.2\/III\/20\/6.2-2002","metadata":false},{"id":71684,"structure_id":13648,"section_number":"6.2-2003","catch_line":"Bond required","url":"\/6.2-2003\/","token":"6.2\/III\/20\/6.2-2003","metadata":false},{"id":70236,"structure_id":13648,"section_number":"6.2-2004","catch_line":"Investigation of applications","url":"\/6.2-2004\/","token":"6.2\/III\/20\/6.2-2004","metadata":false},{"id":65887,"structure_id":13648,"section_number":"6.2-2005","catch_line":"Qualifications","url":"\/6.2-2005\/","token":"6.2\/III\/20\/6.2-2005","metadata":false},{"id":86118,"structure_id":13648,"section_number":"6.2-2006","catch_line":"Licenses; places of business; changes","url":"\/6.2-2006\/","token":"6.2\/III\/20\/6.2-2006","metadata":false},{"id":54620,"structure_id":13648,"section_number":"6.2-2007","catch_line":"Acquisition of control; application","url":"\/6.2-2007\/","token":"6.2\/III\/20\/6.2-2007","metadata":false},{"id":56125,"structure_id":13648,"section_number":"6.2-2008","catch_line":"Retention of books, accounts, and records; responding to Bureau","url":"\/6.2-2008\/","token":"6.2\/III\/20\/6.2-2008","metadata":false},{"id":65169,"structure_id":13648,"section_number":"6.2-2009","catch_line":"Annual report","url":"\/6.2-2009\/","token":"6.2\/III\/20\/6.2-2009","metadata":false},{"id":82369,"structure_id":13648,"section_number":"6.2-2010","catch_line":"Other reporting requirements","url":"\/6.2-2010\/","token":"6.2\/III\/20\/6.2-2010","metadata":false},{"id":68502,"structure_id":13648,"section_number":"6.2-2011","catch_line":"Investigations; examinations","url":"\/6.2-2011\/","token":"6.2\/III\/20\/6.2-2011","metadata":false},{"id":68088,"structure_id":13648,"section_number":"6.2-2012","catch_line":"Annual fees","url":"\/6.2-2012\/","token":"6.2\/III\/20\/6.2-2012","metadata":false},{"id":63358,"structure_id":13648,"section_number":"6.2-2013","catch_line":"Regulations","url":"\/6.2-2013\/","token":"6.2\/III\/20\/6.2-2013","metadata":false},{"id":72079,"structure_id":13648,"section_number":"6.2-2014","catch_line":"Required and prohibited business methods","url":"\/6.2-2014\/","token":"6.2\/III\/20\/6.2-2014","metadata":false},{"id":75090,"structure_id":13648,"section_number":"6.2-2015","catch_line":"Fees and contributions","url":"\/6.2-2015\/","token":"6.2\/III\/20\/6.2-2015","metadata":false},{"id":78388,"structure_id":13648,"section_number":"6.2-2016","catch_line":"Additional charges","url":"\/6.2-2016\/","token":"6.2\/III\/20\/6.2-2016","metadata":false},{"id":59347,"structure_id":13648,"section_number":"6.2-2017","catch_line":"Advertising","url":"\/6.2-2017\/","token":"6.2\/III\/20\/6.2-2017","metadata":false},{"id":67990,"structure_id":13648,"section_number":"6.2-2018","catch_line":"Suspension or revocation of license","url":"\/6.2-2018\/","token":"6.2\/III\/20\/6.2-2018","metadata":false},{"id":75871,"structure_id":13648,"section_number":"6.2-2019","catch_line":"Cease and desist orders","url":"\/6.2-2019\/","token":"6.2\/III\/20\/6.2-2019","metadata":false},{"id":74097,"structure_id":13648,"section_number":"6.2-2020","catch_line":"Notice of proposed suspension or revocation","url":"\/6.2-2020\/","token":"6.2\/III\/20\/6.2-2020","metadata":false},{"id":76436,"structure_id":13648,"section_number":"6.2-2021","catch_line":"Civil penalties","url":"\/6.2-2021\/","token":"6.2\/III\/20\/6.2-2021","metadata":false},{"id":54964,"structure_id":13648,"section_number":"6.2-2022","catch_line":"Criminal penalty","url":"\/6.2-2022\/","token":"6.2\/III\/20\/6.2-2022","metadata":false},{"id":54724,"structure_id":13648,"section_number":"6.2-2023","catch_line":"Private right of action","url":"\/6.2-2023\/","token":"6.2\/III\/20\/6.2-2023","metadata":false},{"id":67756,"structure_id":13648,"section_number":"6.2-2024","catch_line":"Authority of Attorney General; referral by Commission to Attorney General","url":"\/6.2-2024\/","token":"6.2\/III\/20\/6.2-2024","metadata":false},{"id":78691,"structure_id":13648,"section_number":"6.2-2025","catch_line":"Violation of the Virginia Consumer Protection Act","url":"\/6.2-2025\/","token":"6.2\/III\/20\/6.2-2025","metadata":false}],"previous_section":{"id":74235,"structure_id":13648,"section_number":"6.2-2000","catch_line":"Definitions","url":"\/6.2-2000\/","token":"6.2\/III\/20\/6.2-2000","metadata":false},"next_section":{"id":86912,"structure_id":13648,"section_number":"6.2-2002","catch_line":"Application for license; form; content; fee","url":"\/6.2-2002\/","token":"6.2\/III\/20\/6.2-2002","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-2001\/","history_text":"<p>This law was first created in 2004. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?041+ful+CHAP0790\">790<\/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 2010, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?101+ful+CHAP0794\">794<\/a>; in 2019, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?191+ful+CHAP0325\">325<\/a>; in 2025, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?251+ful+CHAP0214\">214<\/a>.<\/p>","references":[{"id":76436,"section_number":"6.2-2021","catch_line":"Civil penalties","order_by":null,"url":"\/6.2-2021\/"},{"id":54964,"section_number":"6.2-2022","catch_line":"Criminal penalty","order_by":null,"url":"\/6.2-2022\/"}],"refers_to":[{"id":78099,"section_number":"6.2-1922","catch_line":"(Effective July 1, 2026) Definitions","order_by":null,"url":"\/6.2-1922\/"}],"permalink":{"id":266631,"object_type":"law","relational_id":85410,"identifier":"6.2-2001","token":"6.2\/III\/20\/6.2-2001","url":"\/6.2-2001\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-2001\/","token":"6.2\/III\/20\/6.2-2001","dublin_core":{"Title":"(Effective July 1, 2026) License requirement; exceptions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-2001","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> No <span class=\"dictionary\">person<\/span> shall engage in the business of providing or offering to provide a <span class=\"dictionary\">DMP<\/span> to any <span class=\"dictionary\">consumer<\/span>, whether or not the <span class=\"dictionary\">person<\/span> has an office, facility, agent, or other physical presence in the Commonwealth, unless such <span class=\"dictionary\">person<\/span> obtains from the <span class=\"dictionary\">Commission<\/span> a license issued pursuant to this chapter. The provisions of this chapter shall not apply to any bank, savings institution, or credit union, or to a <span class=\"dictionary\">person<\/span> licensed to practice <span class=\"dictionary\">law<\/span> in the Commonwealth. <a id=\"paragraph-305985\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-2001\/#A\"><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> This chapter shall be construed by the <span class=\"dictionary\">Commission<\/span> to promote sound personal financial advice and management, and protect against financial loss <span class=\"dictionary\">consumers<\/span> who place money or control of their funds or credit into the <span class=\"dictionary\">custody<\/span> of an <span class=\"dictionary\">agency<\/span> for transmission to such <span class=\"dictionary\">consumers<\/span>&#8217; <span class=\"dictionary\">creditors<\/span>. <a id=\"paragraph-305986\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-2001\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> A <span class=\"dictionary\">person<\/span> licensed under this chapter is not required to be licensed as a money transmitter under Chapter 19.1 (&#xA7; <a class=\"law\" title=\"(Effective July 1, 2026) Definitions\" href=\"\/6.2-1922\/\">6.2-1922<\/a> et seq.), if the <span class=\"dictionary\">person<\/span>&#8217;s money transmission activities are limited to providing <span class=\"dictionary\">debt pooling and distribution services<\/span> in accordance with this chapter. <a id=\"paragraph-305987\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-2001\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\n(EFFECTIVE JULY 1, 2026) LICENSE REQUIREMENT; EXCEPTIONS (\u00a7 6.2-2001)\n\nA. No person shall engage in the business of providing or offering to provide a\nDMP to any consumer, whether or not the person has an office, facility, agent,\nor other physical presence in the Commonwealth, unless such person obtains from\nthe Commission a license issued pursuant to this chapter. The provisions of this\nchapter shall not apply to any bank, savings institution, or credit union, or to\na person licensed to practice law in the Commonwealth.\n\nB. This chapter shall be construed by the Commission to promote sound personal\nfinancial advice and management, and protect against financial loss consumers\nwho place money or control of their funds or credit into the custody of an\nagency for transmission to such consumers&#8217; creditors.\n\nC. A person licensed under this chapter is not required to be licensed as a\nmoney transmitter under Chapter 19.1 (&#xA7; 6.2-1922 et seq.), if the\nperson&#8217;s money transmission activities are limited to providing debt\npooling and distribution services in accordance with this chapter.\n\nHISTORY: 2004, c. 790, \u00a7 6.1-363.3; 2010, c. 794; 2019, c. 325; 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}}