Car Title Loans in Virginia2026 Guide
Car title loans are legal in Virginia under the Motor Vehicle Title Loan Act (Va. Code § 6.2-2200) with a 36% APR cap and $2,500 maximum loan limit. Learn 120-day minimum term rules and borrower protections in 2026.
Legal Status & Regulations
Governing Law
Va. Code § 6.2-2200
Last Reviewed: April 2026
Law Summary
Virginia governs car title lending through the Motor Vehicle Title Loan Act (Va. Code § 6.2-2200 et seq.) supervised by the Bureau of Financial Institutions (BFI). Maximum loan amounts are capped at $2,500 with interest capped at 36% APR plus a regulated monthly maintenance fee. Loan terms must range from 120 days to 12 months. Lenders cannot issue multiple concurrent loans, must provide default notice and right to cure before repossession, and must refund all surplus auction funds.
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
Loan Regulations & Guides
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