Va. Code § 6.2-314

Current with changes from the 2024 legislative session through ch. 845

Section 6.2-314 - Motor vehicle purchase loans by subsidiaries and affiliates of banks and savings institutions

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.

Va. Code § 6.2-314

1987, c. 622, § 6.1-330.60; 1996, c. 242; 1997, c. 128; 1999, c. 610; 2001, c. 743; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 2001, § c. 743.

Amended by Acts 1999, § c. 610.

Amended by Acts 1997, § c. 128.

Amended by Acts 1996, § c. 242.

Amended by Acts 1987, § c. 622, § 6.1-330.60.