Effect of license revocation, suspension, or surrender

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  2. Code of Virginia
  3. Financial Institutions and Services
  4. Consumer Finance Companies
  5. Effect of license revocation, suspension, or surrender

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The revocation, suspension, or surrender of any license shall not impair or affect the obligation of any preexisting lawful contract between the licensee and any borrower.

Code 1950, § 6-294; 1966, c. 584, § 6.1-264; 2010, c. 794.


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