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. 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 . |