{"data":{"id":"us-va/va.-code-6.2-1800","jurisdiction":"us-va","citation":"Va. Code § 6.2-1800","heading":"Definitions","body":"As used in this chapter, unless the context requires a different meaning:\"Affiliate\" means a person related to a licensee by common ownership or control, or any employee or agent of a licensee.\"Annual percentage rate\" has the same meaning as in the federal Truth in Lending Act (15 U.S.C. § 1601 et seq.) and its implementing regulations, as they may be amended from time to time. All fees and charges payable directly or indirectly by a borrower to a licensee as a condition to a loan, including interest and the monthly maintenance fees authorized under § 6.2-1817, shall be included in the computation of the annual percentage rate.\"Check\" means a draft drawn on the account of an individual at a depository institution.\"Depository institution\" means a bank, savings institution, or credit union.\"Interest\" means all charges payable directly or indirectly by a borrower to a licensee as a condition to a loan, including fees, service charges, and renewal charges, and any ancillary product sold in connection with a loan, but does not include the monthly maintenance fees, deposit item return fees, or late charges authorized under § 6.2-1817.\"Licensee\" means a person to whom a license has been issued under this chapter.\"Loan amount\" means the principal amount of a loan, exclusive of fees or charges.\"Principal\" means any person who, directly or indirectly, owns or controls (i) 10 percent or more of the outstanding stock of a stock corporation or (ii) a 10 percent or greater interest in a nonstock corporation or a limited liability company.\"Short-term loan\" means a loan made pursuant to this chapter.2002, c. 897, § 6.1-444; 2005, c. 571; 2010, c. 794; 2020, cc. 1215, 1258.","path":["Title 6.2. Financial Institutions and Services","Subtitle III. Other Regulated Providers of Financial Services","Chapter 18. Short-term Loans"],"source_url":"https://law.lis.virginia.gov/vacode/6.2-1800/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:12:34Z","sha256":"26b40314e6c90c142bdf0de5a5c165fcc9973294693aa55637d65377822f296f","source_id":"us-va","stale":true,"prev":"us-va/va.-code-6.2-1721","next":"us-va/va.-code-6.2-1801"},"notice":"GroundRules: Original legal text. Not legal advice."}