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24 chapters · 957 sections in this title.
Va. Code Ann. § 6.2-2500 Definitions
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As used in this chapter, unless the context requires a different meaning: "Applicant" means a customer who applies for a refund anticipation loan through a facilitator. "Borrower" means an applicant who receives a refund anticipation loan through a facilitator. "Customer" means a…
Va. Code Ann. § 6.2-2501 Advertising; posting refund anticipation loan fee schedules; and disclosures
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A. Any facilitator who advertises the availability of a refund anticipation loan shall not directly or indirectly represent the loan as a customer's actual refund. Any advertisement that mentions a refund anticipation loan shall state conspicuously that it is a loan and that a fe…
Va. Code Ann. § 6.2-2502 Prohibited activities
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Any facilitator who offers to facilitate, or who facilitates, a refund anticipation loan shall not: 1. Require a customer to enter into a loan arrangement in order to complete a tax return; 2. Misrepresent a material factor or condition of a refund anticipation loan; 3. Fail to p…
Va. Code Ann. § 6.2-2503 Right of rescission
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A borrower who obtains a refund anticipation loan may rescind the loan, on or before the close of business on the next day of business, by either returning the original check issued for the loan or providing the amount of the loan in cash to the lender or the facilitator. The fac…