Management Code
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10VAC5-210-30. Automobile identity financing brochure.
Good. A good licensee shall bring for every applicant getting a motor vehicle title loan having a brochure one complies that have subsections C and D on the area.
B. The conclusion each form shall consist of a special bill saying another: “I accept which i have received this new brochure named “Automobile Term Financing about Commonwealth out-of Virginia – Borrower Rights and you may Obligations.” New bill are initialed and old because of the for every candidate to have a car title financing.
C. The newest pamphlet might be written in no less than twelve-section type and get separate off another files, records, otherwise observes received or given by the licensee. New brochure shall secure the perfect vocabulary given when you look at the subsection D associated with area. An excellent licensee will perhaps not tailor or enhance the required text message of this new pamphlet. The fresh new label of your brochure (“Automotive Term Credit regarding Commonwealth out-of Virginia – Debtor Liberties and you may Obligations”) as well as the headings with the individual chapters of the new brochure (e.grams., “As a whole,” ” Suggestions out of Bank,” an such like.) shall be within the ambitious sort of.
Excite take the time to meticulously remark all the info found in it pamphlet.