Code of Virginia § 6.2-314. Motor vehicle purchase loans by subsidiaries and affiliates of banks and savings institutions.
95 words·~1 min read·
/va/title-6-2/chapter-3/6-2-314A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 .