Loans Exempt From Limit on Contract Rate of Interest

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Article 4 of the Code of Virginia, titled “Loans Exempt From Limit on Contract Rate of Interest.” It is part of Chapter 3 “Interest and Usury”, which is part of Subtitle I “General Provisions”, which is part of Title 6.2 “Financial Institutions and Services”. It contains 21 laws.

It’s comprised of the following 21 sections.

§ 6.2-309	Charges by banks and savings institutions on installment loans
§ 6.2-310	Rate of interest chargeable by state banks and savings institutions
§ 6.2-311	Closed-end installment loans by sellers of goods or services
§ 6.2-312	Open-end credit plans
§ 6.2-313	Open-end credit extended by banks or savings institutions
§ 6.2-314	Motor vehicle purchase loans by subsidiaries and affiliates of banks and savings institutions
§ 6.2-315	Loans by certain financial institutions or brokers payable on demand or having a term up to one year
§ 6.2-316	Loans of $5,000 or more made by certain financial institutions
§ 6.2-317	Loans of $5,000 or more for business or investment purposes
§ 6.2-318	Loans by credit unions
§ 6.2-319	Loans by pension plans to participants
§ 6.2-320	Loans by industrial loan associations
§ 6.2-321	Loans pursuant to stock option financing programs
§ 6.2-322	Extensions of credit on pledged securities
§ 6.2-323	Educational loans by banks or savings institutions
§ 6.2-324	Educational loans by private institution of higher education
§ 6.2-325	Certain loans secured by first deed of trust or mortgage
§ 6.2-326	Fees and charges in connection with loans by real estate lenders
§ 6.2-327	Certain loans secured by a subordinate deed of trust or mortgage
§ 6.2-328	Charges allowed on loan secured by subordinate mortgage
§ 6.2-329	Loans insured or guaranteed by certain governmental agencies