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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>373632</law_id><section_number>6.2-1106</section_number><catch_line>Prohibitions on the use of certain terms; exceptions; penalty</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="10" identifier="6.2">Financial Institutions and Services</unit><unit label="subtitle" level="2" order_by="2" identifier="II">Depository Institutions and Trust Organizations</unit><unit label="chapter" level="3" order_by="5" identifier="11">Savings Institutions</unit><unit label="article" level="4" order_by="1" identifier="1">General Provisions</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> No <span class="dictionary">person</span> not engaged in the business of a <span class="dictionary">savings institution</span> in the Commonwealth under the provisions of this chapter shall use any sign having thereon any assumed or corporate name containing the words &#x201C;savings and loan,&#x201D; &#x201C;building and loan,&#x201D; &#x201C;<span class="dictionary">savings bank</span>,&#x201D; or other words indicating that its office is the office of a <span class="dictionary">savings institution</span>; nor shall any such <span class="dictionary">person</span> use or circulate any written or printed <span class="dictionary">material</span> having thereon any assumed or corporate name or word or words indicating that the business of such <span class="dictionary">person</span> is that of a <span class="dictionary">savings institution</span>. However, the use of any of these terms in the name of any other corporation or in connection with any other business is not prohibited when additional words show clearly and definitely that the corporation is not, and that the business is not that of, a <span class="dictionary">savings institution</span>. <a id="paragraph-1394457" class="section-permalink" href="https://vacode.org/6.2-1106/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> Any <span class="dictionary">person</span> who violates this section is guilty of a Class 6 <span class="dictionary">felony</span>. <a id="paragraph-1394458" class="section-permalink" href="https://vacode.org/6.2-1106/#B"><i class="fa fa-link"/></a></p></section></text><history>1985, c. 425, &#xA7; 6.1-194.95; 1986, c. 509; 1992, c. 136; 2010, c. 794.</history><metadata></metadata></law>
