Administrative Code

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

10VAC5-200-75. Annual reporting requirements.

Unless otherwise directed by the commissioner, licensees shall provide the following data regarding loans made pursuant to the Act when making the annual report required by § 6.2-1811 of the Code of Virginia:

1. The total number and dollar amount of loans made.

2. The total number of individual borrowers to whom loans were made.

3. The minimum and maximum contracted loan amount.

4. The average contracted annual percentage rate.

5. The total amount of contracted loan charges.

6. The total amount of loan charges actually paid.

7. The total number and dollar amount of deposit item return fees paid by borrowers.

8. The total number of defaulted loans.

9. The total number of charged-off loans and the total dollar amount charged off.

10. The total number of individual borrowers against whom civil actions were brought.

11. Any additional information required by the commissioner.

Statutory Authority

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

Historical Notes

Derived from Virginia Register Volume 19, Issue 9, eff. January 1, 2003; amended, Virginia Register Volume 28, Issue 20, eff. June 1, 2012; Volume 37, Issue 25, eff. August 1, 2021.

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