GroundRules
Va. Code § 6.2-309: Charges by banks and savings institutions on installment loans
Where this section sits in the code
- Title 6.2. FINANCIAL INSTITUTIONS AND SERVICES
- Subtitle I. GENERAL PROVISIONS
- Chapter 3. INTEREST AND USURY
- Article 4. LOANS EXEMPT FROM LIMIT ON CONTRACT RATE OF INTEREST
Notwithstanding any statutory or case law, a bank or savings institution making a loan payable in installments may impose finance charges and other charges and fees at such rates and in such amounts and manner as the borrower has agreed.1987, c. 622, § 6.1-330.60; 1996, c. 242; 1997, c. 128; 1999, c. 610; 2001, c. 743; 2010, c. 794.
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