Code of Virginia § 6.2-506. Commission regulations.
109 words·~1 min read·
/va/title-6-2/chapter-5/6-2-506A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Commission shall adopt regulations to effectuate the purposes of this chapter provided that such regulations conform to and are no broader in scope than regulations, and amendments thereto, adopted by the Consumer Financial Protection Bureau under the federal Equal Credit Opportunity Act (15 U.S.C. § 1691 et seq.). Such conforming regulations shall exempt from the coverage of this chapter any class of transactions which may be exempted from time to time from the federal Equal Credit Opportunity Act (15 U.S.C. § 1691 et seq.), by regulations of the Consumer Financial Protection Bureau.
1975, c. 627, § 59.1-21.24; 1977, c. 589; 2010, c. 794 ; 2016, c. 501 .