Vehicle Title Lenders.
Virgina is cracking down on vehicle title lenders. S606 has just passed effecting all vehicle title loan companies. This new law requires businesses that provide loans against the equity of a vehicle, to become licensed and bonded.
The surety bond amount will be $50,000 per office not to exceed $500,000. Once the bond form becomes available we will post a copy of it.
Status: 4/11/10 – Approved by the Governor; effective 10/1/10
Tags: car title bond, surety bond, Virginia title lender surety bonds
