Car Title Loans in Virginia2026 Guide
Virginia allows title loans with a 36% APR cap.
Legal Status & Regulations
Governing Law
Va. Code § 6.2-2200
Last Reviewed: April 2026
Law Summary
The Motor Vehicle Title Loan Act (Va. Code § 6.2-2200) regulates title loans in Virginia. Interest rates are capped at 36% APR plus a monthly maintenance fee. Loans must have a term of at least 120 days and no more than 12 months, and lenders are prohibited from making more than one loan to a borrower at a time, protecting against debt cycles. Virginia law also requires that lenders provide a notice of default and a right to cure before repossession. If a vehicle is repossessed, the lender must follow strict procedures for the sale and provide a detailed accounting to the borrower. Any surplus from the sale must be returned to the borrower.
Real Rate Example in Virginia
A $1,500 loan in Virginia at a typical market rate of 36% APR APR over 30 days would result in approximately $150 in interest and fees. Always compare multiple offers to find the most competitive rate.
What Documents You Need
- A clear vehicle title in your name
- A valid government-issued ID (Driver's License)
- Proof of residency (Utility bill, etc.)
- Proof of income or ability to repay
- The vehicle itself for a quick inspection
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Title Loans Union Editorial Team
Consumer Finance & State Regulations Research
Our editorial team monitors state statutes, interest rate ceilings, and car title loan regulations across all 50 states. We analyze legal statutes, state regulatory filings, and consumer protection policies to provide clear, unbiased analysis of borrowing requirements and costs.
*Last reviewed: June 2026. Always verify with your state's financial regulatory body before applying. Laws change frequently.
Quick Info Card
Max Loan Amount
$2,500
Max APR / Rate
36% APR
Loan Term Range
Varies
Governing Body
VA Bureau of Financial Institutions