Code of Virginia § 6.2-2229. Exemptions.
66 words·~1 min read·
/va/title-6-2/chapter-22-1/6-2-2229·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The provisions of this chapter shall not apply to and shall not place any additional requirements or obligations upon any of the following:
1. A financial institution;
2. Any person, provider, or broker that enters into no more than five sales-based financing transactions with a recipient in a 12-month period; or
3. A single sales-based financing transaction in an amount over $500,000.
2022, c. 516 .