18.2-115.1 - Unlawful sublease of a motor vehicle; penalty. - Virginia Statutes

§ 18.2-115.1. Unlawful sublease of a motor vehicle; penalty.

A. It shall be unlawful for any person, for profit in the course of business,who is not a party to a lease contract, conditional sales contract, orsecurity agreement which transfers any right or interest in a motor vehicle,knowing that the motor vehicle is subject to a lease, security interest orlien, to:

1. Obtain or exercise control over a motor vehicle and sell, transfer,assign, or lease the motor vehicle to another person without the priorwritten authorization of the secured creditor, lessor, or lienholder if hereceives compensation or other consideration for the sale, transfer,assignment, or lease of the motor vehicle; or

2. Assist, cause, or arrange the actual or purported sale, transfer,assignment, or lease of a motor vehicle to another person without the priorwritten authorization of the secured creditor, lessor, or lienholder if hereceives compensation or other consideration for assisting, causing, orarranging the sale, transfer, assignment, or lease of the motor vehicle.

B. A violation of this section is punishable as a Class 3 misdemeanor.

C. This section shall not apply to any employee acting upon request of hisemployer.

D. This section shall not apply if the entire indebtedness owed under orsecured by the lease, conditional sales contract, or security agreementthrough the date of payment is paid in full and received by the lessor orsecured party within thirty days after the sale, transfer, assignment, orlease of the motor vehicle.

(1990, c. 844; 1993, c. 608.)