Current with changes from the 2024 legislative session through ch. 845
Section 6.2-1542 - Duty to refund unauthorized or excess charges; liability to borrower for penaltyA. If any amount not authorized by this chapter or in excess of the charges permitted by this chapter is charged and received by a licensee, such unauthorized or excess charge actually received by a licensee shall be refunded to the borrower or credited to the borrower's account.B. Except for excess charges charged and received as the result of a bona fide error of computation that was not made pursuant to a regular course of dealing, the licensee shall be liable to the borrower for a penalty of twice the amount of any unauthorized or excess charge actually received by the licensee and for any court costs and reasonable attorney fees incurred by the borrower.Code 1950, § 6-338; 1956, c. 71; 1966, c. 584, § 6.1-309; 1976, c. 658; 1986, c. 502; 2010, c. 794.Amended by Acts 2010, § c. 794.Amended by Acts 1986, § c. 502.Amended by Acts 1976, § c. 658.Amended by Acts 1966, § c. 584, § 6.1-309.Amended by Acts 1956, § c. 71.