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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>57801</law_id><section_number>6.2-1811</section_number><catch_line>Annual report</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="6.2">Financial Institutions and Services</unit><unit label="subtitle" level="2" order_by="1" identifier="III">Other Regulated Providers of Financial Services</unit><unit label="chapter" level="3" order_by="1" identifier="18">Short-term Loans</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Each <span class="dictionary">licensee</span> under this chapter shall annually, on or before March 25, file a written report with the <span class="dictionary">Commissioner</span> containing such information as the <span class="dictionary">Commissioner</span> may require concerning his business and operations during the preceding calendar year as to each approved office. Reports shall be made under <span class="dictionary">oath</span> and shall be in the form prescribed by the <span class="dictionary">Commissioner</span>. <a id="paragraph-211679" class="section-permalink" href="https://vacode.org/6.2-1811/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The <span class="dictionary">Commissioner</span> shall publish annually and make available to the public an analysis of the information required under this section and other information the <span class="dictionary">Commissioner</span> may choose to include. The published analysis shall include all of the following: <a id="paragraph-211680" class="section-permalink" href="https://vacode.org/6.2-1811/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B1" class="indent-1"><p><span class="prefix-number">1.</span> The total number of borrowers, loans, defaulted loans, and charged-off loans and the total dollar value of the charged-off loans; <a id="paragraph-211681" class="section-permalink" href="https://vacode.org/6.2-1811/#B1"><i class="fa fa-link"/></a></p></section>
						<section id="B2" class="indent-1"><p><span class="prefix-number">2.</span> The average loan size, average contracted <span class="dictionary">annual percentage rate</span>, average contracted loan charges, average loan charges actually paid, total contracted loan charges, and total loan charges actually paid; <a id="paragraph-211682" class="section-permalink" href="https://vacode.org/6.2-1811/#B2"><i class="fa fa-link"/></a></p></section>
						<section id="B3" class="indent-1"><p><span class="prefix-number">3.</span> The total number of deposit item return fees and the total dollar value of those charges; <a id="paragraph-211683" class="section-permalink" href="https://vacode.org/6.2-1811/#B3"><i class="fa fa-link"/></a></p></section>
						<section id="B4" class="indent-1"><p><span class="prefix-number">4.</span> The total number of <span class="dictionary">licensee</span> business locations and the average number of borrowers per location; and <a id="paragraph-211684" class="section-permalink" href="https://vacode.org/6.2-1811/#B4"><i class="fa fa-link"/></a></p></section>
						<section id="B5" class="indent-1"><p><span class="prefix-number">5.</span> A summary of pending and completed enforcement actions, which shall include lists of suspended or revoked licenses, cease and desist <span class="dictionary">orders</span>, and civil penalties pursuant to this chapter. <a id="paragraph-211685" class="section-permalink" href="https://vacode.org/6.2-1811/#B5"><i class="fa fa-link"/></a></p></section></text><history>2002, c. 897, &#xA7; 6.1-454; 2010, c. 794; 2020, cc. 1215, 1258.</history><metadata></metadata></law>
