F. A beneficial licensee that conducts the business of creating finance pursuant to help you which chapter solely on the internet will perhaps not offer, offer, or make available any goods and services to Virginia customers, but due to the fact enabled by Percentage regulation otherwise upon approval away from a good authored app on Fee, payment regarding a charge away from $three hundred, and supply of such guidance while the Commission get deem pertinent.
A beneficial. An effective licensee will make payment fund out of anywhere between $300 and you may $35,000, hence loans should possess an expression regarding no less than six weeks with no over 120 days and you can will likely be repayable within the no less than half dozen significantly equivalent successive money
Password 1950, § 6-297; 1966, c. 584, § six.1-267; 1981 installment loans South Dakota, c. 452, § six.1-267.1; 1982, c. 609; 2000, c. 192; 2010, c. 794; 2020, cc. 1215, 1258.