The provisions of this chapter shall not apply to and shall not place any additional requirements or obligations upon any of the following:
1. A financial institution;
2. Any person, provider, or broker that enters into no more than five sales-based financing transactions with a recipient in a 12-month period; or
3. A single sales-based financing transaction in an amount over $500,000.
2022, c. 516.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 22.1 - Sales-Based Financing Providers
§ 6.2-2230. Registration; authority to transact business
§ 6.2-2231. Disclosure requirements
§ 6.2-2232. Recipient place of business; required signature
§ 6.2-2233. Additional information
§ 6.2-2235. Applicability of chapter to internet transactions