Virginia § 6.2-314 - Motor vehicle purchase loans by subsidiaries and affiliates of banks and savings institutions
Full text of Virginia Code of Virginia § 6.2-314 — Motor vehicle purchase loans by subsidiaries and affiliates of banks and savings institutions, with citation guidance and answers to common questions.
§ 6.2-314. Motor vehicle purchase loans by subsidiaries and affiliates of banks and savings institutions
Notwithstanding any statutory or case law, a subsidiary or affiliate of a bank or savings institution that is not a licensee under the provisions of Chapter 15 (§ 6.2-1500 et seq.) may impose finance charges and other charges and fees at such rates and in such amounts and manner as the borrower has agreed on loans payable in installments for the purpose of financing the purchase of a motor vehicle.
1987, c. 622, § 6.1-330.60; 1996, c. 242; 1997, c. 128; 1999, c. 610; 2001, c. 743; 2010, c. 794.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 6.2-314
What does Code of Virginia § 6.2-314 cover?
Section 6.2-314 ("Motor vehicle purchase loans by subsidiaries and affiliates of banks and savings institutions") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 6.2-314?
A common citation format is "Code of Virginia § 6.2-314" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 6.2-314 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.