                                 CODE OF VIRGINIA

ADDITIONAL CHARGES PROHIBITED; EXCEPTIONS (§ 6.2-1523)

In addition to the interest, late payment fees, and loan processing fee
permitted under § 6.2-1520, no further or other amount whatsoever for any
examination service, brokerage, commission, fine, notarial fee, or other thing
or otherwise shall be directly or indirectly charged, contracted for, collected,
or received, except:

1. Insurance premiums actually paid out by the licensee to any insurance company
or agent duly authorized to do business in the Commonwealth or another state for
insurance for the protection and benefit of the borrower written in connection
with any loan;

2. The actual cost of recordation fees or, on loans over $100, the amount of the
lawful premiums, no greater than such fees, actually paid for insurance against
the risk of not recording any instrument securing the loan; and

3. A handling fee not to exceed $25 for each check returned to the licensee
because the drawer had no account or insufficient funds in the payor bank.

HISTORY: Code 1950, § 6-308; 1966, c. 584, § 6.1-278; 1978, c. 625; 1981, cc.
37, 38; 1984, c. 296; 1986, c. 502; 1990, c. 751; 1995, c. 2; 2001, c. 308;
2010, c. 794; 2020, cc. 1215, 1258.