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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>374142</law_id><section_number>6.2-2229</section_number><catch_line>Exemptions</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="3" identifier="III">Other Regulated Providers of Financial Services</unit><unit label="chapter" level="3" order_by="10" identifier="22.1">Sales-Based Financing Providers</unit></structure><text>
						<section><p>The provisions of this chapter shall not apply to and shall not place any additional requirements or obligations upon any of the following:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> A <span class="dictionary">financial institution</span>; <a id="paragraph-1396710" class="section-permalink" href="https://vacode.org/6.2-2229/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> Any <span class="dictionary">person</span>, <span class="dictionary">provider</span>, or <span class="dictionary">broker</span> that enters into no more than five <span class="dictionary">sales-based financing</span> transactions with a <span class="dictionary">recipient</span> in a 12-month period; or <a id="paragraph-1396711" class="section-permalink" href="https://vacode.org/6.2-2229/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> A single <span class="dictionary">sales-based financing</span> transaction in an amount over $500,000. <a id="paragraph-1396712" class="section-permalink" href="https://vacode.org/6.2-2229/#3"><i class="fa fa-link"/></a></p></section></text><history>2022, c. 516.</history><metadata></metadata></law>
