{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-1807.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-1807.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-1807.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-1807.html"}],"law_id":373948,"edition_id":2,"section_id":373948,"structure_id":53192,"section_number":"6.2-1807","catch_line":"Licenses; places of offices; changes","history":"2002, c. 897, \u00a7 6.1-451; 2010, c. 794; 2020, cc. 1215, 1258.","full_text":"A\n\nEach license shall:\n\n1\n\nState the address of each approved office at which the business is to be conducted;\n\n2\n\nState fully the name of the licensee; and\n\n3\n\nBe prominently posted in each office of the licensee.\n\nB\n\nNo licensee shall:\n\n1\n\nUse any name other than the name set forth on the license issued by the Commission; or\n\n2\n\nOpen an additional office or relocate any office without prior approval of the Commission.\n\nC\n\nApplications for Commission approval to open an additional office or relocate any office shall be made in writing on a form provided by the Commissioner and shall be accompanied by payment of a $150 nonrefundable application fee or other reasonable amount as the Commission may prescribe by regulation. The application shall be approved unless the Commission finds that the applicant does not have the required liquid assets or has not conducted business under this chapter efficiently, fairly, in the public interest, and in accordance with law. The application shall be deemed approved if notice to the contrary has not been mailed by the Commission to the applicant within 30 days of the date the application is received by the Commission. After approval, the applicant shall give written notice to the Commissioner within 10 days of the commencement of business at the additional office or relocated office.\n\nD\n\nEvery licensee shall within 10 days notify the Commissioner, in writing, of the closing of any office and of the name, address, and position of each new senior officer, member, partner, or director and provide such other information with respect to any such change as the Commissioner may reasonably require.\n\nE\n\nLicenses shall:\n\n1\n\nNot be transferable or assignable, by operation of law or otherwise; and\n\n2\n\nRemain in force until they have been surrendered, revoked, or suspended. The surrender, revocation, or suspension of a license shall not affect any preexisting legal right or obligation of the licensee.\n\n","order_by":null,"text":{"0":{"id":1395741,"text":"Each license shall:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":1395742,"text":"State the address of each approved office at which the business is to be conducted;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":1395743,"text":"State fully the name of the licensee; and","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":1395744,"text":"Be prominently posted in each office of the licensee.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"B"},"4":{"id":1395745,"text":"No licensee shall:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A3","next_prefix":"B1"},"5":{"id":1395746,"text":"Use any name other than the name set forth on the license issued by the Commission; or","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"6":{"id":1395747,"text":"Open an additional office or relocate any office without prior approval of the Commission.","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"C"},"7":{"id":1395748,"text":"Applications for Commission approval to open an additional office or relocate any office shall be made in writing on a form provided by the Commissioner and shall be accompanied by payment of a $150 nonrefundable application fee or other reasonable amount as the Commission may prescribe by regulation. The application shall be approved unless the Commission finds that the applicant does not have the required liquid assets or has not conducted business under this chapter efficiently, fairly, in the public interest, and in accordance with law. The application shall be deemed approved if notice to the contrary has not been mailed by the Commission to the applicant within 30 days of the date the application is received by the Commission. After approval, the applicant shall give written notice to the Commissioner within 10 days of the commencement of business at the additional office or relocated office.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B2","next_prefix":"D"},"8":{"id":1395749,"text":"Every licensee shall within 10 days notify the Commissioner, in writing, of the closing of any office and of the name, address, and position of each new senior officer, member, partner, or director and provide such other information with respect to any such change as the Commissioner may reasonably require.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"9":{"id":1395750,"text":"Licenses shall:","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"E1"},"10":{"id":1395751,"text":"Not be transferable or assignable, by operation of law or otherwise; and","type":"section","prefixes":["E","1"],"prefix":"1","entire_prefix":"E1","prefix_anchor":"E1","level":2,"prior_prefix":"E","next_prefix":"E2"},"11":{"id":1395752,"text":"Remain in force until they have been surrendered, revoked, or suspended. The surrender, revocation, or suspension of a license shall not affect any preexisting legal right or obligation of the licensee.","type":"section","prefixes":["E","2"],"prefix":"2","entire_prefix":"E2","prefix_anchor":"E2","level":2,"prior_prefix":"E1"}},"ancestry":[{"id":53192,"edition_id":2,"name":"Short-term Loans","identifier":"18","label":"chapter","depth":3,"order_by":4,"parent_id":53187,"metadata":{"child_laws":36,"child_structures":0},"date_created":"2026-08-02 03:12:34","date_modified":"2026-08-02 12:28:08","permalink":{"id":1493237,"object_type":"structure","relational_id":53192,"identifier":"18","token":"6.2\/III\/18","url":"\/6.2\/III\/18\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53187,"edition_id":2,"name":"Other Regulated Providers of Financial Services","identifier":"III","label":"subtitle","depth":2,"order_by":3,"parent_id":53152,"metadata":{"child_laws":332,"child_structures":12},"date_created":"2026-08-02 03:12:17","date_modified":"2026-08-02 12:28:07","permalink":{"id":1492723,"object_type":"structure","relational_id":53187,"identifier":"III","token":"6.2\/III","url":"\/6.2\/III\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53152,"edition_id":2,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":10,"parent_id":null,"metadata":{"child_laws":961,"child_structures":89},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:53","permalink":{"id":1490251,"object_type":"structure","relational_id":53152,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":373941,"structure_id":53192,"section_number":"6.2-1800","catch_line":"Definitions","url":"\/6.2-1800\/","token":"6.2\/III\/18\/6.2-1800","metadata":false},{"id":373942,"structure_id":53192,"section_number":"6.2-1801","catch_line":"License requirement","url":"\/6.2-1801\/","token":"6.2\/III\/18\/6.2-1801","metadata":{"court_decisions":""}},{"id":373943,"structure_id":53192,"section_number":"6.2-1802","catch_line":"Applicability","url":"\/6.2-1802\/","token":"6.2\/III\/18\/6.2-1802","metadata":{"court_decisions":""}},{"id":373944,"structure_id":53192,"section_number":"6.2-1803","catch_line":"Application for license; form; content; fee","url":"\/6.2-1803\/","token":"6.2\/III\/18\/6.2-1803","metadata":false},{"id":373945,"structure_id":53192,"section_number":"6.2-1804","catch_line":"Bond required","url":"\/6.2-1804\/","token":"6.2\/III\/18\/6.2-1804","metadata":{"court_decisions":""}},{"id":373946,"structure_id":53192,"section_number":"6.2-1805","catch_line":"Investigation of applications","url":"\/6.2-1805\/","token":"6.2\/III\/18\/6.2-1805","metadata":false},{"id":373947,"structure_id":53192,"section_number":"6.2-1806","catch_line":"Qualifications","url":"\/6.2-1806\/","token":"6.2\/III\/18\/6.2-1806","metadata":false},{"id":373948,"structure_id":53192,"section_number":"6.2-1807","catch_line":"Licenses; places of offices; changes","url":"\/6.2-1807\/","token":"6.2\/III\/18\/6.2-1807","metadata":false},{"id":373949,"structure_id":53192,"section_number":"6.2-1808","catch_line":"Acquisition of control; application","url":"\/6.2-1808\/","token":"6.2\/III\/18\/6.2-1808","metadata":false},{"id":373950,"structure_id":53192,"section_number":"6.2-1809","catch_line":"Retention of books, accounts, and records","url":"\/6.2-1809\/","token":"6.2\/III\/18\/6.2-1809","metadata":false},{"id":373951,"structure_id":53192,"section_number":"6.2-1810","catch_line":"Loan database","url":"\/6.2-1810\/","token":"6.2\/III\/18\/6.2-1810","metadata":false},{"id":373952,"structure_id":53192,"section_number":"6.2-1811","catch_line":"Annual report","url":"\/6.2-1811\/","token":"6.2\/III\/18\/6.2-1811","metadata":false},{"id":373953,"structure_id":53192,"section_number":"6.2-1812","catch_line":"Other reporting requirements","url":"\/6.2-1812\/","token":"6.2\/III\/18\/6.2-1812","metadata":false},{"id":373954,"structure_id":53192,"section_number":"6.2-1813","catch_line":"Investigations; examinations","url":"\/6.2-1813\/","token":"6.2\/III\/18\/6.2-1813","metadata":false},{"id":373955,"structure_id":53192,"section_number":"6.2-1814","catch_line":"Annual fees","url":"\/6.2-1814\/","token":"6.2\/III\/18\/6.2-1814","metadata":false},{"id":373956,"structure_id":53192,"section_number":"6.2-1815","catch_line":"Regulations","url":"\/6.2-1815\/","token":"6.2\/III\/18\/6.2-1815","metadata":false},{"id":373958,"structure_id":53192,"section_number":"6.2-1816","catch_line":"Required and prohibited business methods","url":"\/6.2-1816\/","token":"6.2\/III\/18\/6.2-1816","metadata":{"court_decisions":{"0":{"name":"Ruby v. Cashnet, Inc.","case_number":"100287","citation":"708 S.E.2d 871","date":"2011-04-21","url":"https:\/\/www.courtlistener.com\/opinion\/1058039\/ruby-v-cashnet-inc\/","abstract":" .\u202f.\u202f. 708 S.E.2d 871 (2011) .\u202f.\u202f. ","court_html":"SCV<\/abbr>"}}}},{"id":373957,"structure_id":53192,"section_number":"6.2-1816.1","catch_line":"Loan terms and conditions","url":"\/6.2-1816.1\/","token":"6.2\/III\/18\/6.2-1816.1","metadata":false},{"id":373960,"structure_id":53192,"section_number":"6.2-1817","catch_line":"Authorized fees and charges","url":"\/6.2-1817\/","token":"6.2\/III\/18\/6.2-1817","metadata":false},{"id":373959,"structure_id":53192,"section_number":"6.2-1817.1","catch_line":"Inflation adjustment of maximum monthly maintenance fee","url":"\/6.2-1817.1\/","token":"6.2\/III\/18\/6.2-1817.1","metadata":false},{"id":373965,"structure_id":53192,"section_number":"6.2-1818","catch_line":"Repealed","url":"\/6.2-1818\/","token":"6.2\/III\/18\/6.2-1818","metadata":false},{"id":373961,"structure_id":53192,"section_number":"6.2-1818.1","catch_line":"Refinancing of short-term loans","url":"\/6.2-1818.1\/","token":"6.2\/III\/18\/6.2-1818.1","metadata":false},{"id":373962,"structure_id":53192,"section_number":"6.2-1818.2","catch_line":"Statement of balance due; repayment and refunds","url":"\/6.2-1818.2\/","token":"6.2\/III\/18\/6.2-1818.2","metadata":false},{"id":373963,"structure_id":53192,"section_number":"6.2-1818.3","catch_line":"Restriction on certain fees and charges","url":"\/6.2-1818.3\/","token":"6.2\/III\/18\/6.2-1818.3","metadata":false},{"id":373964,"structure_id":53192,"section_number":"6.2-1818.4","catch_line":"Verification of borrower's income","url":"\/6.2-1818.4\/","token":"6.2\/III\/18\/6.2-1818.4","metadata":false},{"id":373966,"structure_id":53192,"section_number":"6.2-1819","catch_line":"Advertising","url":"\/6.2-1819\/","token":"6.2\/III\/18\/6.2-1819","metadata":false},{"id":373967,"structure_id":53192,"section_number":"6.2-1820","catch_line":"Other business","url":"\/6.2-1820\/","token":"6.2\/III\/18\/6.2-1820","metadata":false},{"id":373968,"structure_id":53192,"section_number":"6.2-1821","catch_line":"Suspension or revocation of license","url":"\/6.2-1821\/","token":"6.2\/III\/18\/6.2-1821","metadata":false},{"id":373969,"structure_id":53192,"section_number":"6.2-1822","catch_line":"Cease and desist orders","url":"\/6.2-1822\/","token":"6.2\/III\/18\/6.2-1822","metadata":false},{"id":373970,"structure_id":53192,"section_number":"6.2-1823","catch_line":"Notice of proposed suspension or revocation","url":"\/6.2-1823\/","token":"6.2\/III\/18\/6.2-1823","metadata":false},{"id":373971,"structure_id":53192,"section_number":"6.2-1824","catch_line":"Civil penalties","url":"\/6.2-1824\/","token":"6.2\/III\/18\/6.2-1824","metadata":false},{"id":373972,"structure_id":53192,"section_number":"6.2-1825","catch_line":"Criminal penalties","url":"\/6.2-1825\/","token":"6.2\/III\/18\/6.2-1825","metadata":{"court_decisions":""}},{"id":373973,"structure_id":53192,"section_number":"6.2-1826","catch_line":"Validity of noncompliant loan agreement; private right of action","url":"\/6.2-1826\/","token":"6.2\/III\/18\/6.2-1826","metadata":false},{"id":373974,"structure_id":53192,"section_number":"6.2-1827","catch_line":"Application of chapter to Internet loans","url":"\/6.2-1827\/","token":"6.2\/III\/18\/6.2-1827","metadata":false},{"id":373975,"structure_id":53192,"section_number":"6.2-1828","catch_line":"Authority of Attorney General; referral by Commission to Attorney General","url":"\/6.2-1828\/","token":"6.2\/III\/18\/6.2-1828","metadata":{"court_decisions":""}},{"id":373976,"structure_id":53192,"section_number":"6.2-1829","catch_line":"Violation of the Virginia Consumer Protection Act","url":"\/6.2-1829\/","token":"6.2\/III\/18\/6.2-1829","metadata":false}],"previous_section":{"id":373947,"structure_id":53192,"section_number":"6.2-1806","catch_line":"Qualifications","url":"\/6.2-1806\/","token":"6.2\/III\/18\/6.2-1806","metadata":false},"next_section":{"id":373949,"structure_id":53192,"section_number":"6.2-1808","catch_line":"Acquisition of control; application","url":"\/6.2-1808\/","token":"6.2\/III\/18\/6.2-1808","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1807\/","history_text":"

This law was first created in 2002. The record of its establishment is cataloged in chapter 897<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2010, chapter 794<\/a>; in 2020, chapters 1215<\/a> and 1258<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1493267,"object_type":"law","relational_id":373948,"identifier":"6.2-1807","token":"6.2\/III\/18\/6.2-1807","url":"\/6.2-1807\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-1807\/","token":"6.2\/III\/18\/6.2-1807","dublin_core":{"Title":"Licenses; places of offices; changes","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1807","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Each license shall: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> State the address of each approved office at which the business is to be conducted; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> State fully the name of the licensee<\/span>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Be prominently posted in each office of the licensee<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> No licensee<\/span> shall: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Use any name other than the name set forth on the license issued by the Commission<\/span>; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Open an additional office or relocate any office without prior approval of the Commission<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Applications for Commission<\/span> approval to open an additional office or relocate any office shall be made in writing on a form provided by the Commissioner<\/span> and shall be accompanied by payment of a $150 nonrefundable application fee or other reasonable amount as the Commission<\/span> may prescribe by regulation. The application shall be approved unless the Commission<\/span> finds that the applicant does not have the required liquid assets<\/span> or has not conducted business under this chapter efficiently, fairly, in the public interest<\/span>, and in accordance with law<\/span>. The application shall be deemed approved if notice to the contrary has not been mailed by the Commission<\/span> to the applicant within 30 days of the date the application is received by the Commission<\/span>. After approval, the applicant shall give written notice to the Commissioner<\/span> within 10 days of the commencement of business at the additional office or relocated office. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> Every licensee<\/span> shall within 10 days notify the Commissioner<\/span>, in writing, of the closing of any office and of the name, address, and position of each new senior officer, member, partner, or director and provide such other information with respect to any such change as the Commissioner<\/span> may reasonably require. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> Licenses shall: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Not be transferable or assignable, by operation of law<\/span> or otherwise; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Remain in force until they have been surrendered, revoked, or suspended. The surrender, revocation<\/span>, or suspension of a license shall not affect any preexisting legal right or obligation of the licensee<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLICENSES; PLACES OF OFFICES; CHANGES (\u00a7 6.2-1807)\n\nA. Each license shall:\n\n 1. State the address of each approved office at which the business is to be\n conducted;\n\n 2. State fully the name of the licensee; and\n\n 3. Be prominently posted in each office of the licensee.\n\nB. No licensee shall:\n\n 1. Use any name other than the name set forth on the license issued by the\n Commission; or\n\n 2. Open an additional office or relocate any office without prior approval of\n the Commission.\n\nC. Applications for Commission approval to open an additional office or relocate\nany office shall be made in writing on a form provided by the Commissioner and\nshall be accompanied by payment of a $150 nonrefundable application fee or other\nreasonable amount as the Commission may prescribe by regulation. The application\nshall be approved unless the Commission finds that the applicant does not have\nthe required liquid assets or has not conducted business under this chapter\nefficiently, fairly, in the public interest, and in accordance with law. The\napplication shall be deemed approved if notice to the contrary has not been\nmailed by the Commission to the applicant within 30 days of the date the\napplication is received by the Commission. After approval, the applicant shall\ngive written notice to the Commissioner within 10 days of the commencement of\nbusiness at the additional office or relocated office.\n\nD. Every licensee shall within 10 days notify the Commissioner, in writing, of\nthe closing of any office and of the name, address, and position of each new\nsenior officer, member, partner, or director and provide such other information\nwith respect to any such change as the Commissioner may reasonably require.\n\nE. Licenses shall:\n\n 1. Not be transferable or assignable, by operation of law or otherwise; and\n\n 2. Remain in force until they have been surrendered, revoked, or suspended.\n The surrender, revocation, or suspension of a license shall not affect any\n preexisting legal right or obligation of the licensee.\n\nHISTORY: 2002, c. 897, \u00a7 6.1-451; 2010, c. 794; 2020, cc. 1215, 1258.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}