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Virginia Administrative Code
Title 10. Finance And Financial Institutions
Agency 5. State Corporation Commission
Chapter 200. Short-Term Lending
6/25/2022

10VAC5-200-115. Database inquiry fee.

Pursuant to subdivision B 4 of § 6.2-1810 of the Code of Virginia, a licensee shall pay a database inquiry fee to the database provider in connection with every short-term loan consummated by the licensee. The amount of the database inquiry fee shall be set by the commission, and all database inquiry fees shall be remitted by each licensee directly to the database provider on a weekly basis.

Statutory Authority

§§ 6.2-1815 and 12.1-13 of the Code of Virginia.

Historical Notes

Derived from Virginia Register Volume 25, Issue 4, eff. January 1, 2009; amended, Virginia Register Volume 28, Issue 20, eff. June 1, 2012; Volume 37, Issue 25, eff. August 1, 2021.

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