reglab/housing_qa huggingface dataset:
VA Code § 6.2-2212 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2212. Investigations; examinations

The Commission may, by its designated officers and employees, as often as it deems necessary, investigate and examine the affairs, business, premises, and records of any person licensed or required to be licensed under this chapter insofar as they pertain to any business for which a license is required by this chapter. Examinations of licensees shall be conducted at least once in each three-year period. In the course of such investigations and examinations, the owners, members, officers, directors, partners, trustees, beneficiaries, and employees of such person being investigated or examined shall, upon demand of the person making such investigation or examination, afford full access to all premises, books, records, and information that the person making such investigation or examination deems necessary. For the foregoing purposes, the person making such investigation or examination shall have authority to administer oaths, examine under oath all the aforementioned persons, and compel the production of papers and objects of all kinds.2010, c. 477, § 6.1-492.
VA Code § 6.2-2213 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2213. Annual fees

A. In order to defray the costs of their examination, supervision, and regulation, every licensee under this chapter shall pay an annual fee calculated in accordance with a schedule set by the Commission. The schedule shall bear a reasonable relationship to the business volume of such licensees, the actual costs of their examinations, and other factors relating to their supervision and regulation. All such fees shall be assessed on or before September 15 for every calendar year. All such fees shall be paid by the licensee to the State Treasurer on or before October 15 following each assessment.B. In addition to the annual fee prescribed in subsection A, when it becomes necessary to examine or investigate the books and records of a licensee under this chapter at a location outside the Commonwealth, the licensee shall be liable for and shall pay to the Commission within 30 days of the presentation of an itemized statement, the actual travel and reasonable living expenses incurred on account of its examination, supervision, and regulation, or shall pay at a reasonable per diem rate approved by the Commission.2010, c. 477, § 6.1-493.
VA Code § 6.2-2214 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2214. Regulations

The Commission shall adopt such regulations as it deems appropriate to effect the purposes of this chapter. Before adopting any such regulation, the Commission shall give reasonable notice of its content and shall afford interested parties an opportunity to be heard, in accordance with the Commission's Rules of Practice and Procedure.2010, c. 477, § 6.1-494.
VA Code § 6.2-2216 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2216. Authorized fees and charges

A. A licensee may charge, collect, and receive only the following fees and charges in connection with a motor vehicle title loan, provided such fees and charges are set forth in the written loan contract described in § 6.2-2215.1:1. Interest at a simple annual rate not to exceed 36 percent;2. Subject to § 6.2-2216.1, a monthly maintenance fee that does not exceed the lesser of eight percent of the originally contracted loan amount or $15, provided the fee is not added to the loan balance on which interest is charged;3. Any deposit item return fee incurred by the licensee, not to exceed $25, if a borrower's check or electronic draft is returned because the account on which it was drawn was closed by the borrower or contained insufficient funds, or the borrower stopped payment of the check or electronic draft;4. Damages and costs to which the licensee may become entitled to by law in connection with any civil action to collect a loan after default, except that the total amount of damages and costs shall not exceed the originally contracted loan amount;5. Reasonable costs of repossession and sale of the motor vehicle in accordance with § 6.2-2217, provided that the total amount of such costs of repossession and sale that a licensee or any person working on its behalf may charge or receive from the borrower shall be limited to an amount equal to five percent of the originally contracted loan amount; and6. A late charge in accordance with the provisions of § 6.2-400 provided that the late charge shall not exceed $20.B. Notwithstanding anything set forth in subsection A, other provisions of this chapter, or in a motor vehicle title loan agreement, interest shall not accrue on the principal balance of a motor vehicle title loan from and after:1. The date that the motor vehicle securing the title loan is repossessed by or at the direction of the licensee; or2. Sixty days after the borrower has failed to make a monthly payment on a motor vehicle title loan as required by the loan agreement unless the borrower has not surrendered the motor vehicle and the borrower is concealing the motor vehicle.C. A licensee shall not be entitled to collect or recover from a borrower any sum otherwise permitted pursuant to § 6.2-302, 8.01-27.2, or 8.01-382. In no event shall the borrower be liable for fees incurred in connection with the storage of a motor vehicle securing a title loan.D. If any person causes a borrower to pay fees related to repossession or sale of the motor vehicle in excess of the amount allowed under subdivision A 5, or any fee to store the motor vehicle, the borrower shall be entitled to recover such amounts or fees from the licensee upon presenting a valid receipt.2010, c. 477, § 6.1-496; 2020, cc. 1215, 1258.
VA Code § 6.2-2216.1 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2216.1. Inflation adjustment of maximum monthly maintenance fee

The Commission may, from time to time, by regulation, adjust the dollar amount of $15 specified in subdivision A 2 of § 6.2-2216 to reflect the rate of inflation from the previous date that the dollar amount was established, as measured by the Consumer Price Index or other method of measuring the rate of inflation which the Commission determines is reliable and generally accepted.2020, cc. 1215, 1258.
VA Code § 6.2-2216.2 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2216.2. Refinancing of motor vehicle title loan

Subject to subsection F of § 6.2-2216.3, a licensee may refinance a title loan, provided that the refinanced loan is also a title loan.2020, cc. 1215, 1258.
VA Code § 6.2-2216.3 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2216.3. Statement of balance due; repayment and refunds

A. The licensee shall, upon the request of the borrower or his agent, provide a statement of balance due on a motor vehicle title loan.B. A borrower shall be permitted to make partial payments, in increments of not less than $5, on the loan at any time prior to maturity, without charge. The licensee shall give the borrower dated receipts for each payment made, which shall state the updated balance due on the loan.C. When providing a statement of balance due on the loan, the licensee shall state the amount required to discharge the borrower's obligation in full as of the date the notice is provided and for each of the next three business days following that date. If the licensee cannot reasonably supply a firm statement of balance due when requested or required, the licensee may provide a good faith estimate of the balance due immediately and provide to the borrower or his agent a firm statement of balance due within two business days.D. The licensee shall provide any statement of balance due verbally and in writing, and shall not fail to provide the information by phone upon the request of the borrower or his agent.E. A licensee shall not fail to accept cash or other good funds instrument from the borrower, or a third party when submitted on behalf of the borrower, for repayment of a title loan in full or in part. Payments shall be credited by the licensee on the date received.F. Notwithstanding any other provision of law, if a title loan is prepaid in full or refinanced prior to the loan's maturity date, the licensee shall refund to the borrower a prorated portion of loan charges based on a ratio of the number of days the loan was outstanding and the number of days for which the loan was originally contracted. For purposes of this section, all charges made in connection with the loan shall be included when calculating the loan charges except for deposit item return fees, late charges, and reasonable costs of repossession and sale authorized under § 6.2-2216.G. The licensee shall provide any refund due to a borrower in the form of cash or business check as soon as reasonably possible and not later than two business days after receiving payment from the borrower.H. Upon repayment of the loan in full, the licensee shall (i) mark the original loan agreement with the word "paid" or "canceled," return it to the borrower, and retain a copy in its records and (ii) promptly release any security interest in a motor vehicle.I. When releasing a security interest in a motor vehicle, a licensee shall (i) take any action necessary to reflect the termination of its lien on the motor vehicle's certificate of title and (ii) promptly return the certificate of title to the borrower.2020, cc. 1215, 1258.
VA Code § 6.2-2216.4 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2216.4. Restriction on certain fees and charges

Notwithstanding any provision of this chapter to the contrary, a licensee shall not contract for, charge, collect, or receive in connection with a motor vehicle title loan a total amount of fees and charges that exceeds either (i) 50 percent of the originally contracted loan amount, if the originally contracted loan amount was $1,500 or less, or (ii) 60 percent of the originally contracted loan amount, if the originally contracted loan amount was greater than $1,500. For purposes of this section, all charges made in connection with the loan shall be included when calculating the total loan charges except for deposit item return fees, late charges, and reasonable costs of repossession and sale authorized under § 6.2-2216.2020, cc. 1215, 1258.
VA Code § 6.2-2216.5 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2216.5. Verification of borrower's income

Before initiating a motor vehicle title loan transaction with a borrower, a licensee shall make a reasonable attempt to verify the borrower's income. At a minimum, the licensee shall obtain from the borrower one or more recent pay stubs or other written evidence of recurring income, such as a bank statement. The written evidence shall include at least one document that, when presented to the licensee, is dated not earlier than 45 days prior to the borrower's initiation of the title loan transaction.2020, cc. 1215, 1258.
VA Code § 6.2-2218 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2218. Advertising

A. No person licensed or required to be licensed under this chapter shall use or cause to be published any advertisement that (i) contains any false, misleading, or deceptive statement or representation or (ii) identifies the person by any name other than the name set forth on the license issued by the Commission.B. Any advertising materials used to promote the price, cost, or interest rate of motor vehicle title loans shall disclose the amount of any minimum monthly payments and a statement of finance charges, expressed as an annual percentage rate, payable using as an example a $1,000 loan that is repaid over a 12-month period. In any print media advertisement, including any web page, used to promote motor vehicle title loans, the disclosure shall be conspicuous. "Conspicuous" shall have the meaning set forth in subdivision (a) (14) of § 59.1-501.2. If a single advertisement consists of multiple pages, folds, or faces, the disclosure requirement applies only to one page, fold, or face. In a television advertisement used to promote motor vehicle title loans, the visual disclosure legend shall include 20 scan lines in size. In a radio advertisement or advertisement communicated by telephone used to promote motor vehicle title loans, the disclosure statement shall last at least two seconds and the statement shall be spoken so that its contents may be easily understood.2010, c. 477, § 6.1-498.
VA Code § 6.2-2218.1 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2218.1. Other business

A licensee shall not conduct the business of making motor vehicle title loans under this chapter at any office, suite, room, or place of business where any other business is solicited or conducted except a registered check cashing business, a short-term loan business licensed under Chapter 18 (§ 6.2-1800 et seq.), or such other business as the Commission determines should be permitted, and subject to such conditions as the Commission deems necessary and in the public interest. No such other business shall be allowed except as permitted by Commission regulation or upon the filing of a written application with the Commission, payment of a $300 fee, or other reasonable amount that the Commissioner may set, and provision of such information as the Commission may deem pertinent. The Commission shall not, however, permit the sale of insurance or the enrolling of borrowers under group insurance policies. This section shall not apply to any other business that is transacted solely with persons residing outside the Commonwealth.2020, cc. 1215, 1258.
VA Code § 6.2-2219 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2219. Suspension or revocation of license

A. The Commission may suspend or revoke any license issued under this chapter upon any of the following grounds:1. Any ground for denial of a license under this chapter;2. Any violation of the provisions of this chapter or regulations adopted by the Commission pursuant thereto, or a violation of any other law or regulation applicable to the conduct of the licensee's business;3. A course of conduct consisting of the failure to perform written agreements with borrowers;4. Conviction of a felony or misdemeanor involving fraud, misrepresentation, or deceit;5. Entry of a judgment against the licensee involving fraud, misrepresentation, or deceit;6. Entry of a federal or state administrative order against the licensee for violation of any law or any regulation applicable to the conduct of his business;7. Refusal to permit an investigation or examination by the Commission;8. Failure to pay any fee or assessment imposed by this chapter; or9. Failure to comply with any order of the Commission.B. For the purposes of this section, acts of any officer, director, member, partner, trustee, beneficiary, or principal shall be deemed acts of the licensee.2010, c. 477, § 6.1-499.
VA Code § 6.2-2220 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2220. Cease and desist orders

If the Commission determines that any person has violated any provision of this chapter or any regulation adopted by the Commission pursuant thereto, or violated any other law or regulation applicable to the conduct of a licensee's business, the Commission may, upon 21 days' notice in writing, order such person to cease and desist from such practices and to comply with the provisions of this chapter. The notice shall be sent by certified mail to the principal place of business of such person or other address authorized under § 12.1-19.1 and shall state the grounds for the contemplated action. Within 14 days of mailing the notice, the person or persons named therein may file with the Clerk of the Commission a written request for a hearing. If a hearing is requested, the Commission shall not issue a cease and desist order except based upon findings made at such hearing. Such hearing shall be conducted in accordance with the Commission's Rules of Practice and Procedure. The Commission may enforce compliance with any order issued under this section by imposition and collection of such fines and penalties as may be prescribed by law.2010, c. 477, § 6.1-500.
VA Code § 6.2-2221 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2221. Notice of proposed suspension or revocation

The Commission shall not revoke or suspend the license of any person licensed under this chapter upon any of the grounds set forth in § 6.2-2219 until it has given the licensee 21 days' notice in writing of the reasons for the proposed revocation or suspension and an opportunity to introduce evidence and be heard. The notice shall be sent by certified mail to the principal place of business of the licensee or other address authorized under § 12.1-19.1 and shall state with particularity the grounds for the contemplated action. Within 14 days of mailing the notice, the person or persons named therein may file with the Clerk of the Commission a written request for a hearing. If a hearing is requested, the Commission shall not suspend or revoke the license except based upon findings made at such hearing. The hearing shall be conducted in accordance with the Commission's Rules of Practice and Procedure.2010, c. 477, § 6.1-501.
VA Code § 6.2-2222 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2222. Fines for violations

In addition to the authority conferred under §§ 6.2-2219 and 6.2-2220, the Commission may impose a fine or penalty not exceeding $1,000 upon any person who it determines, in proceedings commenced in accordance with the Commission's Rules of Practice and Procedure, has violated any of the provisions of this chapter or regulations promulgated by the Commission pursuant thereto, or violated any other law or regulation applicable to the conduct of a licensee's business. For the purposes of this section, each separate violation shall be subject to the fine or penalty herein prescribed and, in the case of a violation of § 6.2-2201, each loan made or arranged shall constitute a separate violation.2010, c. 477, § 6.1-502.
VA Code § 6.2-2223 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2223. Criminal penalty

Any person violating § 6.2-2201 shall, upon conviction, be guilty of a Class 1 misdemeanor. For the purposes of this section, each violation shall constitute a separate offense.2010, c. 477, § 6.1-503.
VA Code § 6.2-2224 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2224. Validity of noncompliant loan agreement; private right of action

A. If any provision of a motor vehicle title loan agreement violates a requirement of 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.2010, c. 477, § 6.1-504; 2020, cc. 1215, 1258.
VA Code § 6.2-2225 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2225. Application of chapter to Internet loans

The provisions of this chapter, including specifically the licensure requirements of § 6.2-2201, shall apply to persons making motor vehicle title loans over the Internet to Virginia residents or any individuals in Virginia, whether or not the person making the loan maintains a physical presence in the Commonwealth.2010, c. 477, § 6.1-505; 2011, c. 418.
VA Code § 6.2-2226 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2226. Authority of Attorney General; referral by Commission to Attorney General

A. If the Commission determines that a person is in violation of, or has violated, any provision of this chapter, the Commission may refer the information to the Attorney General and may request that the Attorney General investigate such violations. With or without such referral, the Attorney General is hereby authorized to seek to enjoin violations of this chapter. The circuit court having jurisdiction may enjoin such violations notwithstanding the existence of an adequate remedy at law.B. The Attorney General may also seek, and the circuit court may order or decree, damages and such other relief allowed by law, including restitution to the extent available to borrowers under applicable law. Persons entitled to any relief as authorized by this section shall be identified by order of the court within 180 days from the date of the order permanently enjoining the unlawful act or practice.C. In any action brought by the Attorney General by virtue of the authority granted in this section, the Attorney General shall be entitled to seek reasonable attorney fees and costs.2010, c. 477, § 6.1-506; 2020, cc. 1215, 1258.
VA Code § 6.2-2227 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 22 - Motor Vehicle Title Loans|§ 6.2-2227. Violation of the Virginia Consumer Protection Act

Any violation of the provisions of this chapter shall constitute a prohibited practice in accordance with § 59.1-200 and shall be subject to any and all of the enforcement provisions of the Virginia Consumer Protection Act (§ 59.1-196 et seq.).2010, c. 477, § 6.1-507.
VA Code § 6.2-2300 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 23 - Safe Deposit Boxes|§ 6.2-2300. Definitions

As used in this chapter, unless the context requires otherwise:"Box" or "safe deposit box" means any safe or box that is available for rent within the vaults of a company."Company" means a bank, trust company, or other entity conducting the business of renting safe deposit boxes."Lessee" means the person renting a box from a company.2010, c. 794.
VA Code § 6.2-2301 (2021)
2021 Code of Virginia|Title 6.2 - Financial Institutions and Services|Chapter 23 - Safe Deposit Boxes|§ 6.2-2301. Access to joint safe deposit box

When a box is rented from any company transacting business in the Commonwealth under the name of two or more persons with (i) the right of access being given to either or (ii) access to either the survivor or survivors of such persons, any one or more of such persons, whether the other or others be living or not shall have the right of access to the box and may remove therefrom its contents. In the case of such a removal, the company shall be exempt from any liability for permitting such person access thereto.Code 1950, § 6-264; 1966, c. 584, § 6.1-332; 2010, c. 794.