                                 CODE OF VIRGINIA

RIGHT OF RESCISSION (§ 6.2-2503)

A borrower who obtains a refund anticipation loan may rescind the loan, on or
before the close of business on the next day of business, by either returning
the original check issued for the loan or providing the amount of the loan in
cash to the lender or the facilitator. The facilitator may not charge the
borrower a fee for rescinding the loan or a refund anticipation loan fee if the
loan is rescinded but may charge the customer a fee for establishing and
administering a bank account to electronically receive and distribute the
refund.

HISTORY: 2006, c. 399, § 6.1-477; 2010, c. 794.