6.1-476 - (Repealed effective October 1, 2010) Prohibited activities. - Virginia Statutes

§ 6.1-476. (Repealed effective October 1, 2010) Prohibited activities.

A. Any facilitator who offers to facilitate, or who facilitates, a refundanticipation loan shall not engage in any of the following activities:

1. Requiring a customer to enter into a loan arrangement in order to completea tax return.

2. Misrepresenting a material factor or condition of a refund anticipationloan.

3. Failing to process the application for a refund anticipation loan promptlyafter an applicant applies for the loan.

4. Engaging in any transaction, practice, or course of business that operatesa fraud upon any person in connection with a refund anticipation loan.

B. When an application involves more than one customer, notification pursuantto this section need only be given to one customer.

(2006, c. 399.)