A licensee shall not conduct the business of making motor vehicle title loans under this chapter at any office, suite, room, or place of business where any other business is solicited or conducted except a registered check cashing business, a short-term loan business licensed under Chapter 18 (§ 6.2-1800 et seq.), or such other business as the Commission determines should be permitted, and subject to such conditions as the Commission deems necessary and in the public interest. No such other business shall be allowed except as permitted by Commission regulation or upon the filing of a written application with the Commission, payment of a $300 fee, or other reasonable amount that the Commissioner may set, and provision of such information as the Commission may deem pertinent. The Commission shall not, however, permit the sale of insurance or the enrolling of borrowers under group insurance policies. This section shall not apply to any other business that is transacted solely with persons residing outside the Commonwealth.
2020, cc. 1215, 1258.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 22 - Motor Vehicle Title Loans
§ 6.2-2203. Application for license; form; content; fee
§ 6.2-2205. Investigation of applications
§ 6.2-2207. Licenses; places of business; changes
§ 6.2-2208. Acquisition of control; application
§ 6.2-2209. Retention of books, accounts, and records
§ 6.2-2211. Other reporting requirements
§ 6.2-2212. Investigations; examinations
§ 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
§ 6.2-2219. 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
§ 6.2-2224. 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