{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-434.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-434.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-434.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-434.html"}],"law_id":56803,"edition_id":1,"section_id":56803,"structure_id":14869,"section_number":"6.2-434","catch_line":"Law governing open-end credit contract or plan by bank or savings institution","history":"1987, cc. 622, 639, 714, \u00a7 6.1-330.63; 1992, Sp. Sess., c. 4; 1997, c. 112; 2005, c. 670; 2010, c. 794.","full_text":"An open-end credit plan, as defined in \u00a7 6.2-300, between a bank or savings institution and an obligor, or any plan which permits an obligor to avail himself of the credit so established, shall be governed solely by federal law, and by the laws of the Commonwealth, unless otherwise expressly agreed in writing by the parties.","order_by":null,"text":{"0":{"id":208040,"text":"An open-end credit plan, as defined in \u00a7 6.2-300, between a bank or savings institution and an obligor, or any plan which permits an obligor to avail himself of the credit so established, shall be governed solely by federal law, and by the laws of the Commonwealth, unless otherwise expressly agreed in writing by the parties.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14869,"edition_id":1,"name":"Open-End Credit Plans","identifier":"4","label":"article","depth":4,"order_by":1,"parent_id":12854,"metadata":{},"date_created":"2026-06-26 03:50:29","date_modified":"2026-06-26 03:50:29","permalink":{"id":263603,"object_type":"structure","relational_id":14869,"identifier":"4","token":"6.2\/I\/4\/4","url":"\/6.2\/I\/4\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12854,"edition_id":1,"name":"Certain Lending Practices","identifier":"4","label":"chapter","depth":3,"order_by":1,"parent_id":12853,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263463,"object_type":"structure","relational_id":12854,"identifier":"4","token":"6.2\/I\/4","url":"\/6.2\/I\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12853,"edition_id":1,"name":"General Provisions","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263251,"object_type":"structure","relational_id":12853,"identifier":"I","token":"6.2\/I","url":"\/6.2\/I\/","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":68015,"structure_id":14869,"section_number":"6.2-433","catch_line":"Amendment to open-end credit contract or plan by bank or savings institution","url":"\/6.2-433\/","token":"6.2\/I\/4\/4\/6.2-433","metadata":false},{"id":56803,"structure_id":14869,"section_number":"6.2-434","catch_line":"Law governing open-end credit contract or plan by bank or savings institution","url":"\/6.2-434\/","token":"6.2\/I\/4\/4\/6.2-434","metadata":false},{"id":80025,"structure_id":14869,"section_number":"6.2-435","catch_line":"Law governing open-end credit contract or plan by seller or lender","url":"\/6.2-435\/","token":"6.2\/I\/4\/4\/6.2-435","metadata":false}],"previous_section":{"id":68015,"structure_id":14869,"section_number":"6.2-433","catch_line":"Amendment to open-end credit contract or plan by bank or savings institution","url":"\/6.2-433\/","token":"6.2\/I\/4\/4\/6.2-433","metadata":false},"next_section":{"id":80025,"structure_id":14869,"section_number":"6.2-435","catch_line":"Law governing open-end credit contract or plan by seller or lender","url":"\/6.2-435\/","token":"6.2\/I\/4\/4\/6.2-435","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-434\/","history_text":"

This law was first created in 1987. The record of its establishment is cataloged in chapters 622, 639, and 714 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. Unfortunately, the 1987 \u201cActs\u201d aren\u2019t available online. 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 1997, chapter 112<\/a>; in 2005, chapter 670<\/a>; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":[{"id":61230,"section_number":"6.2-300","catch_line":"Definitions","order_by":null,"url":"\/6.2-300\/"}],"permalink":{"id":263609,"object_type":"law","relational_id":56803,"identifier":"6.2-434","token":"6.2\/I\/4\/4\/6.2-434","url":"\/6.2-434\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-434\/","token":"6.2\/I\/4\/4\/6.2-434","dublin_core":{"Title":"Law governing open-end credit contract or plan by bank or savings institution","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-434","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

An open-end credit plan, as defined in \u00a7 6.2-300<\/a>, between a bank or savings institution and an obligor, or any plan which permits an obligor to avail himself of the credit so established, shall be governed solely by federal law<\/span>, and by the laws<\/span> of the Commonwealth, unless otherwise expressly agreed in writing by the parties.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLAW GOVERNING OPEN-END CREDIT CONTRACT OR PLAN BY BANK OR SAVINGS INSTITUTION\n(\u00a7 6.2-434)\n\nAn open-end credit plan, as defined in \u00a7 6.2-300, between a bank or savings\ninstitution and an obligor, or any plan which permits an obligor to avail\nhimself of the credit so established, shall be governed solely by federal law,\nand by the laws of the Commonwealth, unless otherwise expressly agreed in\nwriting by the parties.\n\nHISTORY: 1987, cc. 622, 639, 714, \u00a7 6.1-330.63; 1992, Sp. Sess., c. 4; 1997, c.\n112; 2005, c. 670; 2010, c. 794.","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}}