™Your Policy Risk Impact Agent
20 chapters · 557 sections in this title.
9 V.I.C. § 914 Definitions
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(a) “Charges” include the aggregate interest, fees, bonuses, commissions, brokerage, discounts, expenses, and other forms of costs charged, contracted for, or received by a licensee or any other person in connection with the investigating, arranging, negotiating, procuring, guara…
9 V.I.C. § 915 Exemptions
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Sections 792, 794, 795, 802, and 803 do not apply to any commercial loan of a bona fide principal amount of $5,000 or more, or to a duly licensed finance lender in connection with any loan or loans, if the provisions of this section are not used for the purpose of evading this ch…
9 V.I.C. § 916 Commercial loans of a bona fide principal amount
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(a) In determining whether a loan is a loan of a bona fide principal amount of the specified amount or more, the following principles apply:(a) If a borrower applies for a loan in a bona fide principal amount of less than the specified amount and a loan to that borrower of a bona…
9 V.I.C. § 917 Institutional investor
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(a) A licensee may sell promissory notes evidencing the obligation to repay loans made by the licensee pursuant to this subchapter or evidencing the obligation to repay loans purchased from and made by another licensee pursuant to this subchapter to institutional investors and ma…
