Section 20. Time limit for compliance

Latest version.

Licensees shall have 30 days after the date a loan is paid in full, or a judgment is satisfied, or a borrower's obligation is otherwise terminated to accomplish the acts required by § 6.2-1524 G of the Code of Virginia.

Failure so to comply within that time limit shall constitute a violation of the subsection, which violation will result in penalties as provided by law.

Historical Notes

Derived from VR225-01-0602, eff. May 1, 1976; amended, Volume 28, Issue 20, eff. June 1, 2012.

Statutory Authority

§ 6.2-1535 of the Code of Virginia.

                    
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