                                 CODE OF VIRGINIA

LICENSE REQUIRED (§ 6.2-2201)

A. Unless exempted from the provisions of this chapter pursuant to § 6.2-2202:

   1. No person shall engage in the business of making motor vehicle title loans
   to residents of the Commonwealth or to any individuals in the Commonwealth,
   whether or not the person has a location in the Commonwealth, except in
   accordance with the provisions of this chapter and without having first
   obtained a license under this chapter from the Commission;

   2. No person shall engage in the business of arranging or brokering motor
   vehicle title loans for residents of the Commonwealth, or any individuals in
   the Commonwealth, whether or not the person has a location in the
   Commonwealth; and

   3. Any loan made in violation of this section is void, and no person shall
   have the right to collect, receive, or retain any principal, interest, fees,
   or other charges in connection with the loan.

B. The provisions of subsection A shall apply to any person who seeks to evade
its application by any device, subterfuge, or pretense whatsoever, including:

   1. The loan, forbearance, use, or sale of (i) credit, as guarantor, surety,
   endorser, comaker, or otherwise; (ii) money; (iii) goods; or (iv) things in
   action;

   2. The use of collateral or related sales or purchases of goods or services,
   or agreements to sell or purchase, whether real or pretended; receiving or
   charging compensation for goods or services, whether or not sold, delivered,
   or provided; and

   3. The real or pretended negotiation, arrangement, or procurement of a loan
   through any use or activity of a third person, whether real or fictitious.

HISTORY: 2010, c. 477, § 6.1-481; 2011, c. 418; 2020, cc. 1215, 1258.