Virginia Code 6.2-1826: Validity of noncompliant loan agreement; private right of action
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A. If any provision of a written loan agreement violates this chapter, such provision shall be unenforceable against the borrower.
Terms Used In Virginia Code 6.2-1826
- Person: means any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or other legal or commercial entity. See Virginia Code 6.2-100
B. Any person who suffers loss by reason of a violation of any provision of this chapter may bring a civil action to enforce such provision. Any person who is successful in such action shall recover reasonable attorney fees, expert witness fees, and court costs incurred by bringing such action.