Va. Code Ann. § 59.1-335.10

Liability to consumer

Known as the Virginia Credit Services Businesses Act

The act spans §§ 59.1-335.1 to 59.1-335.9 (12 sections).

Applied in 1 court decision — leading case Smith v. Interactive Financial Marketing Group, L.L.C. (2009)

Most recently applied in Smith v. Interactive Financial Marketing Group, L.L.C. (July 2009)

1989, cc. 651, 655.

A. Any credit services business which willfully fails to comply with any requirement imposed under this chapter with respect to any consumer is liable to that consumer in an amount equal to the sum of:

1. Any actual damages sustained by the consumer as a result of the failure; and

2. Such amount of punitive damages as the court may allow.

B. Any credit services business which is negligent in failing to comply with any requirement imposed under this chapter with respect to any consumer is liable to that consumer in an amount equal to the sum of any actual damages sustained by the consumer as a result of the failure.

Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.