{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-2200.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-2200.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-2200.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-2200.html"}],"law_id":76041,"edition_id":1,"section_id":76041,"structure_id":13458,"section_number":"6.2-2200","catch_line":"Definitions","history":"2010, c. 477, \u00a7 6.1-480; 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 6.2-2216, shall be included in the computation of the annual percentage rate.\n\t\t“Bond” includes any form of financial instrument that provides security equivalent to that provided by a bond, such as an irrevocable letter of credit, if its use in lieu of a bond is authorized pursuant to regulations adopted by the Commission.\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, late charges, or reasonable costs of repossession and sale authorized under \u00a7 6.2-2216.\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“Motor vehicle” means an automobile, motorcycle, mobile home, truck, van, or other vehicle operated on public highways and streets.\n\t\t“Motor vehicle title loan” or “title loan” means a loan secured by a non-purchase money security interest in a motor vehicle.\n\t\t“Motor vehicle title loan agreement” or “loan agreement” means a written document that sets out the terms and conditions under which a licensee agrees to make a motor vehicle title loan to a borrower, and the borrower agrees to give to the licensee a security interest in a motor vehicle owned by the borrower to secure repayment of the motor vehicle title loan and performance of the other obligations under the loan agreement.\n\t\t“Person” means any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, or other legal or commercial entity.\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 any other type of entity.","order_by":null,"text":{"0":{"id":272943,"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 6.2-2216, shall be included in the computation of the annual percentage rate.\n\t\t“Bond” includes any form of financial instrument that provides security equivalent to that provided by a bond, such as an irrevocable letter of credit, if its use in lieu of a bond is authorized pursuant to regulations adopted by the Commission.\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, late charges, or reasonable costs of repossession and sale authorized under \u00a7 6.2-2216.\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“Motor vehicle” means an automobile, motorcycle, mobile home, truck, van, or other vehicle operated on public highways and streets.\n\t\t“Motor vehicle title loan” or “title loan” means a loan secured by a non-purchase money security interest in a motor vehicle.\n\t\t“Motor vehicle title loan agreement” or “loan agreement” means a written document that sets out the terms and conditions under which a licensee agrees to make a motor vehicle title loan to a borrower, and the borrower agrees to give to the licensee a security interest in a motor vehicle owned by the borrower to secure repayment of the motor vehicle title loan and performance of the other obligations under the loan agreement.\n\t\t“Person” means any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, or other legal or commercial entity.\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 any other type of entity.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13458,"edition_id":1,"name":"Motor Vehicle Title Loans","identifier":"22","label":"chapter","depth":3,"order_by":1,"parent_id":13060,"metadata":{},"date_created":"2026-06-26 03:44:55","date_modified":"2026-06-26 03:44:55","permalink":{"id":266887,"object_type":"structure","relational_id":13458,"identifier":"22","token":"6.2\/III\/22","url":"\/6.2\/III\/22\/","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":76041,"structure_id":13458,"section_number":"6.2-2200","catch_line":"Definitions","url":"\/6.2-2200\/","token":"6.2\/III\/22\/6.2-2200","metadata":false},{"id":86220,"structure_id":13458,"section_number":"6.2-2201","catch_line":"License required","url":"\/6.2-2201\/","token":"6.2\/III\/22\/6.2-2201","metadata":false},{"id":86345,"structure_id":13458,"section_number":"6.2-2202","catch_line":"Scope of chapter","url":"\/6.2-2202\/","token":"6.2\/III\/22\/6.2-2202","metadata":false},{"id":67400,"structure_id":13458,"section_number":"6.2-2203","catch_line":"Application for license; form; content; fee","url":"\/6.2-2203\/","token":"6.2\/III\/22\/6.2-2203","metadata":false},{"id":73780,"structure_id":13458,"section_number":"6.2-2204","catch_line":"Bond required","url":"\/6.2-2204\/","token":"6.2\/III\/22\/6.2-2204","metadata":false},{"id":74026,"structure_id":13458,"section_number":"6.2-2205","catch_line":"Investigation of applications","url":"\/6.2-2205\/","token":"6.2\/III\/22\/6.2-2205","metadata":false},{"id":73822,"structure_id":13458,"section_number":"6.2-2206","catch_line":"Qualifications","url":"\/6.2-2206\/","token":"6.2\/III\/22\/6.2-2206","metadata":false},{"id":68337,"structure_id":13458,"section_number":"6.2-2207","catch_line":"Licenses; places of business; changes","url":"\/6.2-2207\/","token":"6.2\/III\/22\/6.2-2207","metadata":false},{"id":83906,"structure_id":13458,"section_number":"6.2-2208","catch_line":"Acquisition of control; application","url":"\/6.2-2208\/","token":"6.2\/III\/22\/6.2-2208","metadata":false},{"id":78996,"structure_id":13458,"section_number":"6.2-2209","catch_line":"Retention of books, accounts, and records","url":"\/6.2-2209\/","token":"6.2\/III\/22\/6.2-2209","metadata":false},{"id":56346,"structure_id":13458,"section_number":"6.2-2210","catch_line":"Annual report","url":"\/6.2-2210\/","token":"6.2\/III\/22\/6.2-2210","metadata":false},{"id":84839,"structure_id":13458,"section_number":"6.2-2211","catch_line":"Other reporting requirements","url":"\/6.2-2211\/","token":"6.2\/III\/22\/6.2-2211","metadata":false},{"id":68990,"structure_id":13458,"section_number":"6.2-2212","catch_line":"Investigations; examinations","url":"\/6.2-2212\/","token":"6.2\/III\/22\/6.2-2212","metadata":false},{"id":69489,"structure_id":13458,"section_number":"6.2-2213","catch_line":"Annual fees","url":"\/6.2-2213\/","token":"6.2\/III\/22\/6.2-2213","metadata":false},{"id":67173,"structure_id":13458,"section_number":"6.2-2214","catch_line":"Regulations","url":"\/6.2-2214\/","token":"6.2\/III\/22\/6.2-2214","metadata":false},{"id":67183,"structure_id":13458,"section_number":"6.2-2215","catch_line":"Required and prohibited business methods","url":"\/6.2-2215\/","token":"6.2\/III\/22\/6.2-2215","metadata":false},{"id":54418,"structure_id":13458,"section_number":"6.2-2215.1","catch_line":"Loan terms and conditions","url":"\/6.2-2215.1\/","token":"6.2\/III\/22\/6.2-2215.1","metadata":false},{"id":86825,"structure_id":13458,"section_number":"6.2-2216","catch_line":"Authorized fees and charges","url":"\/6.2-2216\/","token":"6.2\/III\/22\/6.2-2216","metadata":false},{"id":83368,"structure_id":13458,"section_number":"6.2-2216.1","catch_line":"Inflation adjustment of maximum monthly maintenance fee","url":"\/6.2-2216.1\/","token":"6.2\/III\/22\/6.2-2216.1","metadata":false},{"id":58242,"structure_id":13458,"section_number":"6.2-2216.2","catch_line":"Refinancing of motor vehicle title loan","url":"\/6.2-2216.2\/","token":"6.2\/III\/22\/6.2-2216.2","metadata":false},{"id":74445,"structure_id":13458,"section_number":"6.2-2216.3","catch_line":"Statement of balance due; repayment and refunds","url":"\/6.2-2216.3\/","token":"6.2\/III\/22\/6.2-2216.3","metadata":false},{"id":74396,"structure_id":13458,"section_number":"6.2-2216.4","catch_line":"Restriction on certain fees and charges","url":"\/6.2-2216.4\/","token":"6.2\/III\/22\/6.2-2216.4","metadata":false},{"id":79602,"structure_id":13458,"section_number":"6.2-2216.5","catch_line":"Verification of borrower's income","url":"\/6.2-2216.5\/","token":"6.2\/III\/22\/6.2-2216.5","metadata":false},{"id":72369,"structure_id":13458,"section_number":"6.2-2217","catch_line":"Limited recourse; repossession and sale of motor vehicle","url":"\/6.2-2217\/","token":"6.2\/III\/22\/6.2-2217","metadata":false},{"id":65091,"structure_id":13458,"section_number":"6.2-2218","catch_line":"Advertising","url":"\/6.2-2218\/","token":"6.2\/III\/22\/6.2-2218","metadata":false},{"id":54679,"structure_id":13458,"section_number":"6.2-2218.1","catch_line":"Other business","url":"\/6.2-2218.1\/","token":"6.2\/III\/22\/6.2-2218.1","metadata":false},{"id":58040,"structure_id":13458,"section_number":"6.2-2219","catch_line":"Suspension or revocation of license","url":"\/6.2-2219\/","token":"6.2\/III\/22\/6.2-2219","metadata":false},{"id":87177,"structure_id":13458,"section_number":"6.2-2220","catch_line":"Cease and desist orders","url":"\/6.2-2220\/","token":"6.2\/III\/22\/6.2-2220","metadata":false},{"id":83357,"structure_id":13458,"section_number":"6.2-2221","catch_line":"Notice of proposed suspension or revocation","url":"\/6.2-2221\/","token":"6.2\/III\/22\/6.2-2221","metadata":false},{"id":63184,"structure_id":13458,"section_number":"6.2-2222","catch_line":"Fines for violations","url":"\/6.2-2222\/","token":"6.2\/III\/22\/6.2-2222","metadata":false},{"id":79604,"structure_id":13458,"section_number":"6.2-2223","catch_line":"Criminal penalty","url":"\/6.2-2223\/","token":"6.2\/III\/22\/6.2-2223","metadata":false},{"id":77105,"structure_id":13458,"section_number":"6.2-2224","catch_line":"Validity of noncompliant loan agreement; private right of action","url":"\/6.2-2224\/","token":"6.2\/III\/22\/6.2-2224","metadata":false},{"id":82178,"structure_id":13458,"section_number":"6.2-2225","catch_line":"Application of chapter to Internet loans","url":"\/6.2-2225\/","token":"6.2\/III\/22\/6.2-2225","metadata":false},{"id":82392,"structure_id":13458,"section_number":"6.2-2226","catch_line":"Authority of Attorney General; referral by Commission to Attorney General","url":"\/6.2-2226\/","token":"6.2\/III\/22\/6.2-2226","metadata":false},{"id":64595,"structure_id":13458,"section_number":"6.2-2227","catch_line":"Violation of the Virginia Consumer Protection Act","url":"\/6.2-2227\/","token":"6.2\/III\/22\/6.2-2227","metadata":false}],"next_section":{"id":86220,"structure_id":13458,"section_number":"6.2-2201","catch_line":"License required","url":"\/6.2-2201\/","token":"6.2\/III\/22\/6.2-2201","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-2200\/","history_text":"

This law was first created in 2010. The record of its establishment is cataloged in chapter 477<\/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 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":85131,"section_number":"6.2-1801","catch_line":"License requirement","order_by":null,"url":"\/6.2-1801\/"},{"id":68051,"section_number":"6.2-1816","catch_line":"Required and prohibited business methods","order_by":null,"url":"\/6.2-1816\/"},{"id":63310,"section_number":"6.2-1820","catch_line":"Other business","order_by":null,"url":"\/6.2-1820\/"},{"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":86825,"section_number":"6.2-2216","catch_line":"Authorized fees and charges","order_by":null,"url":"\/6.2-2216\/"}],"permalink":{"id":266889,"object_type":"law","relational_id":76041,"identifier":"6.2-2200","token":"6.2\/III\/22\/6.2-2200","url":"\/6.2-2200\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-2200\/","token":"6.2\/III\/22\/6.2-2200","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-2200","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 6.2-2216<\/a>, shall be included in the computation of the annual percentage rate<\/span>.\n\t\t“Bond<\/span>” includes any form of financial instrument that provides security equivalent to that provided by a bond<\/span>, such as an irrevocable letter of credit, if its use in lieu of a bond<\/span> is authorized pursuant to regulations adopted by the Commission<\/span>.\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, late charges, or reasonable costs of repossession and sale authorized under \u00a7 6.2-2216<\/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“Motor vehicle” means an automobile, motorcycle, mobile home, truck, van, or other vehicle operated on public highways and streets.\n\t\t“Motor vehicle title loan<\/span>” or “title loan” means a loan secured by a non-purchase money security interest<\/span> in a motor vehicle.\n\t\t“Motor vehicle title loan<\/span> agreement<\/span>” or “loan agreement” means a written document that sets out the terms and conditions under which a licensee<\/span> agrees to make a motor vehicle title loan<\/span> to a borrower, and the borrower agrees to give to the licensee<\/span> a security interest<\/span> in a motor vehicle owned by the borrower to secure repayment of the motor vehicle title loan<\/span> and performance of the other obligations under the loan agreement.\n\t\t“Person<\/span>” means any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, or other legal or commercial entity<\/span>.\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 any other type of entity<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 6.2-2200)\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\n6.2-2216, shall be included in the computation of the annual percentage rate.\n\t\t“Bond” includes any form of financial instrument that provides\nsecurity equivalent to that provided by a bond, such as an irrevocable letter of\ncredit, if its use in lieu of a bond is authorized pursuant to regulations\nadopted by the Commission.\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, late charges, or reasonable costs of repossession and sale authorized\nunder \u00a7 6.2-2216.\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“Motor vehicle” means an automobile, motorcycle, mobile home,\ntruck, van, or other vehicle operated on public highways and streets.\n\t\t“Motor vehicle title loan” or “title loan” means a\nloan secured by a non-purchase money security interest in a motor vehicle.\n\t\t“Motor vehicle title loan agreement” or “loan\nagreement” means a written document that sets out the terms and conditions\nunder which a licensee agrees to make a motor vehicle title loan to a borrower,\nand the borrower agrees to give to the licensee a security interest in a motor\nvehicle owned by the borrower to secure repayment of the motor vehicle title\nloan and performance of the other obligations under the loan agreement.\n\t\t“Person” means any individual, corporation, partnership,\nassociation, cooperative, limited liability company, trust, joint venture, or\nother legal or commercial entity.\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 any other type of entity.\n\nHISTORY: 2010, c. 477, \u00a7 6.1-480; 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}}