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Virginia Code 6.2-1818 - Additional charges.

Virginia Code > Title 6.2 > Chapter 18 > § 6.2-1818 - Additional charges.


Current as of: 2011

§ 6.2-1818. Additional charges.

In addition to the loan principal, interest, and fees permitted under § 6.2-1817, no further or other amount whatsoever shall be directly or indirectly charged, contracted for, collected, received or recovered except (i) any deposit item return fee incurred by the licensee, not to exceed $25, if the check given by the borrower as security is returned because the account on which it was drawn was closed by the borrower or contained insufficient funds, or the borrower stopped payment on the check, and (ii) if judgment is obtained against the borrower, court costs and reasonable attorney fees if awarded by the court, incurred as a result of the returned check in an amount not to exceed $250. 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.

(2002, c. 897, § 6.1-461; 2004, c. 295; 2008, cc. 849, 876; 2010, c. 794.)

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Questions & Answers: Payday Loans

34-39-280(b) says that a customer must request before the due date. I have not found anywhere in the code anything pertaining to if the customer requests the extended payment plan ...
Can a customer enter extended payment plan the day loan is made?...

See also:

Virginia Code Title 6.2 > Chapter 18 - Payday Lenders

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