                                 CODE OF VIRGINIA

ANNUAL REPORT (§ 6.2-2210)

A. Each licensee under this chapter shall annually, on or before March 25, file
a written report with the Commissioner containing such information as the
Commissioner may require concerning his business and operations during the
preceding calendar year as to each licensed place of business. Reports shall be
made under oath and shall be in the form prescribed by the Commissioner.

B. The Commissioner shall publish annually and make available to the public an
analysis of the information required under this section and other information
the Commissioner may choose to include. The published analysis shall include all
of the following:

   1. The total number of borrowers, loans, defaulted loans, and charged-off
   loans and the total dollar value of the charged-off loans;

   2. The average loan size, average contracted annual percentage rate, average
   contracted charges per loan, total contracted loan charges, and total loan
   charges actually paid;

   3. The total number of deposit item return fees and the total dollar value of
   those charges;

   4. The total number of licensee business locations and the average number of
   borrowers per location;

   5. The total number of title loan contracts that resulted in repossession or
   surrender of a vehicle, the total number of title loan contracts that resulted
   in a borrower redeeming a repossessed or surrendered vehicle, the total number
   of repossessed or surrendered vehicles that were sold, the total fair market
   value of repossessed or surrendered vehicles that were sold as stated in the
   loan contracts, the total amount of proceeds licensees received from the sale
   of repossessed or surrendered vehicles, the total amount of sale proceeds in
   excess of the redemption amount paid to borrowers as described in subsection C
   of &#xA7; 6.2-2217, the total amount of charges licensees received from
   borrowers related to the repossession and sale of vehicles, and the percentage
   of all title loan contracts that resulted in a repossession of a vehicle; and

   6. A summary of pending and completed enforcement actions, which shall include
   lists of suspended or revoked licenses, cease and desist orders, and civil
   penalties pursuant to this chapter.

HISTORY: 2010, c. 477, § 6.1-490; 2020, cc. 1215, 1258.