10 Va. Admin. Code § 5-210-10
"Act" means Chapter 22 (§ 6.2-2200 et seq.) of Title 6.2 of the Code of Virginia.
"Advertisement" for purposes of the Act and this chapter means a commercial message in any medium that promotes, directly or indirectly, a motor vehicle title loan. The term includes a communication sent to a consumer as part of a solicitation of business, but excludes messages on promotional items such as pens, pencils, notepads, hats, and calendars.
"Business day" for purposes of the Act and this chapter means a day on which the licensee is able to make loans pursuant to the Act.
"Good funds instrument" for purposes of the Act and this chapter means a certified check, cashier's check, money order or, if the licensee is equipped to handle and willing to accept such payments, payment effected by use of a credit card, prepaid card, debit card, or the Automated Clearing House system.
"Liquid assets" for purposes of the Act and this chapter means funds held in a checking account or savings account at a depository institution, money market funds, commercial paper, and treasury bills.
"Open-end credit" or "open-end credit plan" shall have the meaning set forth in § 6.2-300 of the Code of Virginia.
"Prepaid card" means a card with a network logo (e.g., Visa, MasterCard, American Express, or Discover) that is used by a cardholder to access money that has been loaded onto the card in advance.
10 Va. Admin. Code § 5-210-10
Statutory Authority: §§ 6.2-2214 and 12.1-13 of the Code of Virginia.