Consumer Finance Companies

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 Chapter 15 of the Code of Virginia, titled “Consumer Finance Companies.” It is part of Subtitle III “Other Regulated Providers of Financial Services”, which is part of Title 6.2 “Financial Institutions and Services”. It contains 48 laws.

It’s comprised of the following 48 sections.

§ 6.2-1500	Definitions
§ 6.2-1501	Compliance with chapter; license required; attempts to evade application of chapter
§ 6.2-1502	Certain persons ineligible as licensees; exception for subsidiaries
§ 6.2-1503	Scope of chapter
§ 6.2-1504	Restrictions on name
§ 6.2-1505	Application for license; application fee
§ 6.2-1506	Investigation of application
§ 6.2-1507	Issuance of license
§ 6.2-1508	Notices to Commission
§ 6.2-1508.1	Additional offices; relocation of offices
§ 6.2-1509	Contents, posting, transfer, and duration of license
§ 6.2-1510	Acquisition of control; application
§ 6.2-1511	Revocation of license
§ 6.2-1512	Suspension of license
§ 6.2-1513	Record and notice of revocation or suspension
§ 6.2-1514	Surrender of license
§ 6.2-1515	Effect of license revocation, suspension, or surrender
§ 6.2-1516	Reinstatement of license
§ 6.2-1517	Place of business generally
§ 6.2-1518	Notice of conduct of other business in same place of business; fee
§ 6.2-1519	Changing place of business
§ 6.2-1520	Rate of interest; late charges; processing fees
§ 6.2-1521	Post-judgment charges
§ 6.2-1522	Other limitations on interest
§ 6.2-1523	Additional charges prohibited; exceptions
§ 6.2-1523.1	(Effective July 1, 2026) Access partners
§ 6.2-1523.2	Application of chapter to Internet loans
§ 6.2-1523.3	Bond required
§ 6.2-1524	Required and prohibited activities and conduct
§ 6.2-1525	Wage purchases
§ 6.2-1526	Wage assignments
§ 6.2-1527	Liens on household furniture
§ 6.2-1528	Exemptions unimpaired
§ 6.2-1529	Collection of loans made outside Commonwealth
§ 6.2-1530	Investigations; immunities
§ 6.2-1531	Examination
§ 6.2-1532	Fees for examination, supervision and regulation
§ 6.2-1533	Books, accounts, and records; pledge or deposit of notes and securities
§ 6.2-1534	Annual reports
§ 6.2-1535	Regulations and orders
§ 6.2-1536	Disclosures in connection with sale of securities
§ 6.2-1537	Authority of Attorney General; impoundment of property and receivership
§ 6.2-1538	Copies of orders or licenses
§ 6.2-1539	Review by Commission
§ 6.2-1540	Criminal penalties
§ 6.2-1541	Unlawful contracts void; recovery of amounts paid
§ 6.2-1542	Duty to refund unauthorized or excess charges; liability to borrower for penalty
§ 6.2-1543	Civil penalties