Title 9, Banking
20 chapters · 557 sections in this title.
9 V.I.C. § 251 Definitions
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Whenever used in this chapter the following words shall have the meaning set opposite them below:“consumer goods” means goods bought for use primarily for personal, family, or household purposes, as distinguished from goods bought for commercial, industrial, or business use, and …
9 V.I.C. § 252 Statement required
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Any person engaged in the business of extending credit shall furnish to each person to whom such credit is extended, concurrently with the consummation of the transaction or agreement to extend credit, a clear statement in writing setting forth the finance charges, expressed in d…
9 V.I.C. § 253 Additional purchases
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(1) Where a buyer makes any subsequent purchases of consumer goods from a seller from whom he has previously purchased goods or services under one or more conditional sales contracts, and the amounts under the contract or contracts have not been fully paid, the subsequent purchas…
9 V.I.C. § 254 Repossession procedure
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Prior to or after any action by the seller or his agents to repossess consumer goods under the terms of any such conditional sales contract or contracts involving both previous and subsequent purchases which have not been fully paid, the seller must retroactively allocate all pay…
9 V.I.C. § 255 Liens upon real estate
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Conditional sales contracts do not include any instrument creating or involving liens against real estate or any interest in real estate.
9 V.I.C. § 256 Prohibition
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No person shall extend credit in contravention of this chapter.
9 V.I.C. § 257 Posting of charges
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(a) Any person engaged in the business of extending credit shall post in a conspicuous public place a list of all fees and charges for credit and other financial transactions, including but not limited to application processing fees, interest on first priority mortgage loans, loa…
9 V.I.C. § 258 Penalty
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Any person who wilfully violates any provision of this chapter shall be fined not more than $500 or imprisoned not more than sixty days, or both.