Code of Virginia
Chapter 22 - Motor Vehicle Title Loans
§ 6.2-2203. Application for license; form; content; fee

A. An application for a license under this chapter shall be made in writing, under oath, and on a form provided by the Commissioner.
B. The application shall set forth:
1. The name and address of the applicant and (i) if the applicant is a partnership, firm, or association, the name and address of each partner or member; (ii) if the applicant is a corporation or limited liability company, the name and address of each director, member, registered agent, and principal; or (iii) if the applicant is a business trust, the name and address of each trustee and beneficiary;
2. The addresses of the locations of the business to be licensed; and
3. Such other information concerning the financial responsibility, background, experience, and activities of the applicant and its members, officers, directors, and principals as the Commissioner may require.
C. The application shall be accompanied by payment of an application fee of $500, or other reasonable amount that the Commission may prescribe by regulation.
D. The application fee shall not be refundable in any event. The fee shall not be abated by surrender, suspension, or revocation of the license.
2010, c. 477, § 6.1-483; 2020, cc. 1215, 1258.

Structure Code of Virginia

Code of Virginia

Title 6.2 - Financial Institutions and Services

Chapter 22 - Motor Vehicle Title Loans

§ 6.2-2200. Definitions

§ 6.2-2201. License required

§ 6.2-2202. Scope of chapter

§ 6.2-2203. Application for license; form; content; fee

§ 6.2-2204. Bond required

§ 6.2-2205. Investigation of applications

§ 6.2-2206. Qualifications

§ 6.2-2207. Licenses; places of business; changes

§ 6.2-2208. Acquisition of control; application

§ 6.2-2209. Retention of books, accounts, and records

§ 6.2-2210. Annual report

§ 6.2-2211. Other reporting requirements

§ 6.2-2212. Investigations; examinations

§ 6.2-2213. Annual fees

§ 6.2-2214. Regulations

§ 6.2-2215. Required and prohibited business methods

§ 6.2-2215.1. Loan terms and conditions

§ 6.2-2216. Authorized fees and charges

§ 6.2-2216.1. Inflation adjustment of maximum monthly maintenance fee

§ 6.2-2216.2. Refinancing of motor vehicle title loan

§ 6.2-2216.3. Statement of balance due; repayment and refunds

§ 6.2-2216.4. Restriction on certain fees and charges

§ 6.2-2216.5. Verification of borrower's income

§ 6.2-2217. Limited recourse; repossession and sale of motor vehicle

§ 6.2-2218. Advertising

§ 6.2-2218.1. Other business

§ 6.2-2219. Suspension or revocation of license

§ 6.2-2220. Cease and desist orders

§ 6.2-2221. Notice of proposed suspension or revocation

§ 6.2-2222. Fines for violations

§ 6.2-2223. Criminal penalty

§ 6.2-2224. Validity of noncompliant loan agreement; private right of action

§ 6.2-2225. Application of chapter to Internet loans

§ 6.2-2226. Authority of Attorney General; referral by Commission to Attorney General

§ 6.2-2227. Violation of the Virginia Consumer Protection Act