6.1-284.1 - (Repealed effective October 1, 2010) What note or other instrument shall show. - Virginia Statutes

§ 6.1-284.1. (Repealed effective October 1, 2010) What note or otherinstrument shall show.

No licensee shall take any note, promise to pay, or instrument of security inwhich blanks are left to be filled in after execution, or that does not givethe amount of the loan, a clear description of the installment paymentsrequired, and the rate of interest charged. A licensee may also include thedisclosures required by Federal Reserve Board Regulation Z, 12 CFR Part 226,in the note, promise to pay, or instrument of security.

(1987, c. 683; 1995, c. 2.)