6.1-280 - (Repealed effective October 1, 2010) Advertising. - Virginia Statutes

§ 6.1-280. (Repealed effective October 1, 2010) Advertising.

No licensee or other person subject to this chapter shall advertise, display,distribute or broadcast, or cause or permit to be advertised, displayed,distributed or broadcast, in any manner, whatsoever, any false, misleading ordeceptive statement or representation with regard to the rates, terms orconditions for loans in the amount or of the value of the then establishedsize of loan ceiling. The Commission may require that charges or rates ofcharge, if stated by a licensee, be stated fully and clearly in such manneras it deems necessary to prevent misunderstanding by prospective borrowers,and it may permit or require licensees to refer in their advertising to thefact that their business is under state supervision, subject to conditionsimposed by it to prevent false, misleading or deceptive impression as to thescope or degree of protection provided by this chapter.

(Code 1950, § 6-310; 1956, c. 71; 1966, c. 584; 1968, c. 489; 1974, c. 371.)