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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 6.2. Financial Institutions and Services |
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SUBTITLE III. Other Regulated Providers of Financial Services |
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CHAPTER 15. Consumer Finance Companies |
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SECTION 6.2-1523.2. (Effective January 1, 2021) Application of chapter to Internet loans |
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A. The provisions of this chapter, including specifically the licensure requirements of § 6.2-1501 , shall apply to persons making loans over the Internet to Virginia residents or any individuals in Virginia, whether or not the person maintains a physical presence in the Commonwealth. B. The Commission may, from time to time, by administrative rule or policy statement, set requirements that the Commission reasonably deems necessary to ensure compliance with this section. |