Virginia § 6.2-1541 - Unlawful contracts void; recovery of amounts paid
Full text of Virginia Code of Virginia § 6.2-1541 — Unlawful contracts void; recovery of amounts paid, with citation guidance and answers to common questions.
§ 6.2-1541. Unlawful contracts void; recovery of amounts paid
A. A loan contract shall be void if any act has been done in the making or collection thereof that violates § 6.2-1501.
B. The lender on any loan for which a person has taken any action in its making or collection in violation of § 6.2-1501 shall not collect, receive, or retain any principal, interest, or charges whatsoever with respect to the loan, and any principal or interest paid on the loan shall be recoverable by the person by or for whom payment was made.
Code 1950, § 6-337; 1966, c. 584, § 6.1-308; 1986, c. 502; 2010, c. 794.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 6.2-1541
What does Code of Virginia § 6.2-1541 cover?
Section 6.2-1541 ("Unlawful contracts void; recovery of amounts paid") 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 § 6.2-1541?
A common citation format is "Code of Virginia § 6.2-1541" (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 § 6.2-1541 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.