Chapter 14 Industrial Loan Associations

This chapter is comprised of the following sections:
  • §6.2-1400 Definitions
  • §6.2-1401 Powers of associations
  • §6.2-1402 Use of certain words in name prohibited
  • §6.2-1403 Directors
  • §6.2-1404 Commission may regulate issuance of evidences of debt
  • §6.2-1405 Extent to which associations regarded as banks; conversion of certain associations to banks; new associations not authorized
  • §6.2-1406 Sale of certificates of investment by certain associations prohibited
  • §6.2-1407 Prohibitions on associations with certificates issued and outstanding; advertisements
  • §6.2-1408 Associations to have one office; how office moved
  • §6.2-1409 Prepayment by borrower from association; rebates for unearned interest; prepayment penalty
  • §6.2-1410 Amount of loan
  • §6.2-1411 Retention of books, accounts, and records
  • §6.2-1412 Annual report
  • §6.2-1413 Investigations; examinations
  • §6.2-1414 Annual fees
  • §6.2-1415 Regulations
  • §6.2-1416 Prohibited practices
  • §6.2-1417 Escrow accounts
  • §6.2-1418 Suspension or revocation of authority
  • §6.2-1419 Cease and desist orders
  • §6.2-1420 Notice of proposed suspension or revocation
  • §6.2-1421 Civil penalties