Source: http://credit-aid.com/states/virginia_credit_repair_laws.htm
Timestamp: 2019-03-19 22:42:36
Document Index: 420390999

Matched Legal Cases: ['§ 59', '§ 59', '§ 59', '§ 59', '§ 1681', '§ 1681', '§ 1681', '§ 59', '§ 59', '§ 59', '§ 59']

Start a Credit Repair Business in the state of Virginia - Credit Repair Laws
Credit Repair Laws for the State of Virginia
This page contains information about starting a credit repair business in Virginia in addition to legal information and Credit Repair laws for the state of Virginia.
§ 59.1-335.1. Title
This chapter may be cited as the "Virginia Credit Services Businesses Act."
§ 59.1-335.3. Registration; fees
§ 59.1-335.5. Prohibited practices
3. Make, or counsel or advise any consumer to make, any statement that is untrue or misleading and which is known, or which by the exercise of reasonable care should be known, to be untrue or misleading, to a consumer reporting agency or to any person who has extended credit to a consumer or to whom a consumer is applying for an extension of credit, with respect to a consumer's creditworthiness, credit standing, or credit capacity; or
§ 59.1-335.7. Contents of information statement
1. a. A complete and accurate statement of the consumer's right to review any file on the consumer maintained by any consumer reporting agency, and the right of the consumer to receive a copy of a consumer report containing all information in that file as provided under the Federal Fair Credit Reporting Act (15 U.S.C. § 1681g);
b. A statement that a copy of the consumer report containing all information in the consumer's file will be furnished free of charge by the consumer reporting agency if requested by the consumer within thirty days of receiving a notice of a denial of credit as provided under the Federal Fair Credit Reporting Act (15 U.S.C. § 1681j); and
c. A statement that a nominal charge may be imposed on the consumer by the consumer reporting agency for a copy of the consumer report containing all information in the consumer's file, if the consumer has not been denied credit within thirty days from receipt of the consumer's request;
2. A complete and accurate statement of the consumer's right to dispute the completeness or accuracy of any item contained in any file on the consumer that is maintained by any consumer reporting agency, as provided under the Federal Fair Credit Reporting Act (15 U.S.C. § 1681i);
YOU HAVE NO OBLIGATION TO PAY ANY FEES OR
CHARGES UNTIL ALL SERVICES HAVE BEEN
PERFORMED COMPLETELY FOR YOU.
§ 59.1-335.8. Contents of contracts
3. A complete and detailed description of the services to be performed and the results to be achieved by the credit services business for or on behalf of the consumer, including all guarantees and all promises of full or partial refunds and a list of the adverse information appearing on the consumer's credit report that the credit services business expects to have modified;
5. A statement asserting the buyer's right to proceed against the bond or letter of credit required under § 59.1-335.4; and
B. 1. The contract shall be accompanied by a completed form in duplicate, captioned "NOTICE OF CANCELLATION," which shall be attached to the contract and easily detachable, and which shall contain in at least ten-point bold type the following statement:
At .....................................................................
Not later than midnight ................................................
§ 59.1-335.9. Breach; null and void contract
§ 59.1-335.10. Liability to consumer