Code of Virginia § 6.2-323. Educational loans by banks or savings institutions.
77 words·~1 min read·
/va/title-6-2/chapter-3/6-2-323·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any statutory or case law relating to interest or usury, including the deferral and capitalization of interest, any loan made by a bank or savings institution to defray educational expenses, including tuition, fees, books, supplies, room, board, and personal expenses, shall be lawfully enforced as agreed in the contract of indebtedness.
1987, c. 622, § 6.1-330.60; 1996, c. 242 ; 1997, c. 128 ; 1999, c. 610 ; 2001, c. 743 ; 2010, c. 794 .