6.2-435 - (Effective October 1, 2010) Law governing open-end credit contract or plan by seller or lender. - Virginia Statutes

§ 6.2-435. (Effective October 1, 2010) Law governing open-end credit contractor plan by seller or lender.

An open-end credit plan as defined in § 6.2-300, between a seller or lenderand an obligor shall be governed solely by federal law, and by the laws ofthe Commonwealth, unless otherwise expressly agreed in writing by the parties.

(1987, cc. 622, 639, 714, § 6.1-330.63; 1992, Sp. Sess., c. 4; 1997, c. 112;2009, cc. 784, 860; 2010, c. 794.)