Virginia Decodedhttps://vacode.org626326.2-1826Validity of noncompliant loan agreement; private right of action2025Financial Institutions and ServicesOther Regulated Providers of Financial ServicesShort-term Loans

A. If any provision of a written loan agreement violates this chapter, such provision shall be unenforceable against the borrower.

B. Any person who suffers loss by reason of a violation of any provision of this chapter may bring a civil action to enforce such provision. Any person who is successful in such action shall recover reasonable attorney fees, expert witness fees, and court costs incurred by bringing such action.

2002, c. 897, § 6.1-469; 2008, cc. 849, 876; 2010, c. 794.