Administrative Code
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10VAC5-200-33. Extensive payment plans.
A. In almost any rolling 12-month duration, an qualified debtor may elect to cover a highly skilled pay day loan from any licensee by way of a protracted repayment plan. a debtor shall not be qualified to obtain a prolonged re payment plan in the event that debtor obtained a payment that is extended in the preceding one year.
B. a debtor may come into a payment that is extended at any moment on or following the date that loan is manufactured through the date that the mortgage flow from to be paid back. (more…)