Code of Virginia (Last Updated:July 28, 2020) |
TITLE 6.2. Financial Institutions and Services |
SUBTITLE I. General Provisions |
CHAPTER 4. Certain Lending Practices |
ARTICLE 4. Open-End Credit Plans |
SECTION 6.2-435. (Effective until January 1, 2021) Law governing open-end credit contract or plan by seller or lender |
SECTION 6.2-435. (Effective until January 1, 2021) Law governing open-end credit contract or plan by seller or lender
An open-end credit plan as defined in § 6.2-300 , between a seller or lender and an obligor shall be governed solely by federal law, and by the laws of the Commonwealth, unless otherwise expressly agreed in writing by the parties. 1987, cc. 622, 639, 714, § 6.1-330.78; 1992, Sp. Sess., c. 4; 1997, c. 6.2-300 ; 2009, cc. 6.2-300 , 6.2-300 ; 2010, c. 6.2-300 . |