{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-805.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-805.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-805.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-805.html"}],"law_id":67968,"edition_id":1,"section_id":67968,"structure_id":15241,"section_number":"6.2-805","catch_line":"Commission authorized to confer on state banks power to make charges comparable to those permitted to national banking associations","history":"1975, c. 80, \u00a7 6.1-5.2; 2010, c. 794.","full_text":"In addition to the permissible interest rates and charges that banks specifically, and lenders generally, are granted the power to charge by this title, the Commission may, by order, from time to time confer upon state banks the power to take, receive, reserve, and charge on any loan or discount made, at a rate of one per centum in excess of the discount rate on 90-day commercial paper in effect at the Federal Reserve Bank for the fifth Federal Reserve District. The Commission may thereby confer upon state banks the power to make charges that are comparable to those permitted under any federal statute or regulation to any national banking association.","order_by":null,"text":{"0":{"id":246139,"text":"In addition to the permissible interest rates and charges that banks specifically, and lenders generally, are granted the power to charge by this title, the Commission may, by order, from time to time confer upon state banks the power to take, receive, reserve, and charge on any loan or discount made, at a rate of one per centum in excess of the discount rate on 90-day commercial paper in effect at the Federal Reserve Bank for the fifth Federal Reserve District. The Commission may thereby confer upon state banks the power to make charges that are comparable to those permitted under any federal statute or regulation to any national banking association.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15241,"edition_id":1,"name":"General Provisions","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":13791,"metadata":{},"date_created":"2026-06-26 03:53:15","date_modified":"2026-06-26 03:53:15","permalink":{"id":265067,"object_type":"structure","relational_id":15241,"identifier":"1","token":"6.2\/II\/8\/1","url":"\/6.2\/II\/8\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13791,"edition_id":1,"name":"Banks","identifier":"8","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:53","date_modified":"2026-06-26 03:45:53","permalink":{"id":265065,"object_type":"structure","relational_id":13791,"identifier":"8","token":"6.2\/II\/8","url":"\/6.2\/II\/8\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13000,"edition_id":1,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":263685,"object_type":"structure","relational_id":13000,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","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":86656,"structure_id":15241,"section_number":"6.2-800","catch_line":"Definitions","url":"\/6.2-800\/","token":"6.2\/II\/8\/1\/6.2-800","metadata":false},{"id":76477,"structure_id":15241,"section_number":"6.2-801","catch_line":"Application of chapter","url":"\/6.2-801\/","token":"6.2\/II\/8\/1\/6.2-801","metadata":false},{"id":70709,"structure_id":15241,"section_number":"6.2-802","catch_line":"Effect of chapter on certain banks","url":"\/6.2-802\/","token":"6.2\/II\/8\/1\/6.2-802","metadata":false},{"id":58014,"structure_id":15241,"section_number":"6.2-803","catch_line":"Entities authorized to engage in banking business","url":"\/6.2-803\/","token":"6.2\/II\/8\/1\/6.2-803","metadata":false},{"id":67901,"structure_id":15241,"section_number":"6.2-804","catch_line":"Amendment of powers of state banks by regulation of the Commission","url":"\/6.2-804\/","token":"6.2\/II\/8\/1\/6.2-804","metadata":false},{"id":67968,"structure_id":15241,"section_number":"6.2-805","catch_line":"Commission authorized to confer on state banks power to make charges comparable to those permitted to national banking associations","url":"\/6.2-805\/","token":"6.2\/II\/8\/1\/6.2-805","metadata":false},{"id":76934,"structure_id":15241,"section_number":"6.2-806","catch_line":"Saturday closing of banks","url":"\/6.2-806\/","token":"6.2\/II\/8\/1\/6.2-806","metadata":false},{"id":75537,"structure_id":15241,"section_number":"6.2-807","catch_line":"Discoverability or admissibility of compliance review committee documents","url":"\/6.2-807\/","token":"6.2\/II\/8\/1\/6.2-807","metadata":false}],"previous_section":{"id":67901,"structure_id":15241,"section_number":"6.2-804","catch_line":"Amendment of powers of state banks by regulation of the Commission","url":"\/6.2-804\/","token":"6.2\/II\/8\/1\/6.2-804","metadata":false},"next_section":{"id":76934,"structure_id":15241,"section_number":"6.2-806","catch_line":"Saturday closing of banks","url":"\/6.2-806\/","token":"6.2\/II\/8\/1\/6.2-806","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-805\/","history_text":"

This law was first created in 1975. The record of its establishment is cataloged in chapter 80 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 1975 \u201cActs\u201d aren\u2019t available online. 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 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":265089,"object_type":"law","relational_id":67968,"identifier":"6.2-805","token":"6.2\/II\/8\/1\/6.2-805","url":"\/6.2-805\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-805\/","token":"6.2\/II\/8\/1\/6.2-805","dublin_core":{"Title":"Commission authorized to confer on state banks power to make charges comparable to those permitted to national banking associations","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-805","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

In addition to the permissible interest rates and charges that banks specifically, and lenders generally, are granted the power to charge by this title, the Commission<\/span> may, by order<\/span>, from time to time confer upon state banks<\/span> the power to take, receive, reserve, and charge on any loan or discount made, at a rate of one per centum in excess of the discount rate on 90-day commercial paper in effect at the Federal Reserve Bank<\/span> for the fifth Federal Reserve District. The Commission<\/span> may thereby confer upon state banks<\/span> the power to make charges that are comparable to those permitted under any federal statute<\/span> or regulation to any national banking association.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCOMMISSION AUTHORIZED TO CONFER ON STATE BANKS POWER TO MAKE CHARGES COMPARABLE\nTO THOSE PERMITTED TO NATIONAL BANKING ASSOCIATIONS (\u00a7 6.2-805)\n\nIn addition to the permissible interest rates and charges that banks\nspecifically, and lenders generally, are granted the power to charge by this\ntitle, the Commission may, by order, from time to time confer upon state banks\nthe power to take, receive, reserve, and charge on any loan or discount made, at\na rate of one per centum in excess of the discount rate on 90-day commercial\npaper in effect at the Federal Reserve Bank for the fifth Federal Reserve\nDistrict. The Commission may thereby confer upon state banks the power to make\ncharges that are comparable to those permitted under any federal statute or\nregulation to any national banking association.\n\nHISTORY: 1975, c. 80, \u00a7 6.1-5.2; 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}}