1. A. A licensee shall disclose the following information in its advertisements:

   1. 1. The name of the motor vehicle title lender as set forth in the license issued by the commission.
   2. 2. A statement that the motor vehicle title lender is "licensed by the Virginia State Corporation Commission."
   3. 3. The license number assigned by the commission to the motor vehicle title lender (i.e., VTL-XXX).
2. B. The information required by subsection A of this section shall be disclosed in accordance with the disclosure standards prescribed in § 6.2-2218 B of the Code of Virginia.
3. C. A licensee shall not deliver or cause to be delivered to a consumer any envelope or other written material that gives the false impression that the mailing or written material is an official communication from a governmental entity, unless required by the United States Postal Service.
4. D. Every advertisement used by, or published on behalf of, a licensee shall comply with the disclosure requirements for advertisements contained in Regulation Z (12 CFR Part 1026).

Statutory Authority

§§ 6.2-2214 and 12.1-13 of the Code of Virginia.

Historical Notes

Derived from Virginia Register Volume 27, Issue 3, eff. October 1, 2010; amended, Virginia Register Volume 38, Issue 2, eff. September 15, 2021.