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Virginia · Through 9/4/2026 · Newer source version available

Va. Code § 6.2-314: Motor vehicle purchase loans by subsidiaries and affiliates of banks and savings institutions

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Where this section sits in the code
  1. Title 6.2. FINANCIAL INSTITUTIONS AND SERVICES
  2. Subtitle I. GENERAL PROVISIONS
  3. Chapter 3. INTEREST AND USURY
  4. Article 4. LOANS EXEMPT FROM LIMIT ON CONTRACT RATE OF INTEREST

Notwithstanding any statutory or case law, a subsidiary or affiliate of a bank or savings institution that is not a licensee under the provisions of Chapter 15 (§ 6.2-1500 et seq.) may impose finance charges and other charges and fees at such rates and in such amounts and manner as the borrower has agreed on loans payable in installments for the purpose of financing the purchase of a motor vehicle.1987, c. 622, § 6.1-330.60; 1996, c. 242; 1997, c. 128; 1999, c. 610; 2001, c. 743; 2010, c. 794.

Collected 2026-09-04T15:12:34Z. Source file · JSON

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