Virginia Decodedhttps://vacode.org3738536.2-1515Effect of license revocation, suspension, or surrender2026Financial Institutions and ServicesOther Regulated Providers of Financial ServicesConsumer Finance Companies

The revocation, suspension, or surrender of any license shall not impair or affect the obligation of any preexisting lawful contract between the licensee and any borrower.

Code 1950, § 6-294; 1966, c. 584, § 6.1-264; 2010, c. 794.