Code of Virginia (Last Updated:July 28, 2020) |
TITLE 6.2. Financial Institutions and Services |
SUBTITLE III. Other Regulated Providers of Financial Services |
CHAPTER 18. Short-Term Loans |
SECTION 6.2-1826. Validity of noncompliant loan agreement; private right of action |
A. If any provision of a written loan agreement violates this chapter, such provision shall be unenforceable against the borrower. B. Any person who suffers loss by reason of a violation of any provision of this chapter may bring a civil action to enforce such provision. Any person who is successful in such action shall recover reasonable attorney fees, expert witness fees, and court costs incurred by bringing such action. 2002, c. 897 , § 6.1-469; 2008, cc. 897 , 897 ; 2010, c. 897 . |