Virginia § 6.2-2229 - Exemptions
Full text of Virginia Code of Virginia § 6.2-2229 — Exemptions, with citation guidance and answers to common questions.
§ 6.2-2229. Exemptions
The provisions of this chapter shall not apply to and shall not place any additional requirements or obligations upon any of the following:
1. A financial institution;
2. Any person, provider, or broker that enters into no more than five sales-based financing transactions with a recipient in a 12-month period; or
3. A single sales-based financing transaction in an amount over $500,000.
2022, c. 516.
Frequently Asked Questions About Virginia § 6.2-2229
What does Code of Virginia § 6.2-2229 cover?
Section 6.2-2229 ("Exemptions") 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 § 6.2-2229?
A common citation format is "Code of Virginia § 6.2-2229" (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 § 6.2-2229 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.