SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2005 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 59.1-436 of the Code of Virginia is amended and reenacted as follows:
§ 59.1-436. Registration; fees; exemptions.
A. It shall be unlawful for any extended service contract
provider to offer, advertise, or execute or cause to be executed by the
purchaser any extended service contract for a consumer product in this
Commonwealth unless the obligor at the time of the solicitation, offer,
advertisement, sale, or execution of a contract has been properly registered
with the Commissioner. The registration shall (i) disclose the address,
ownership, and nature of business of the obligor; (ii) be renewed annually
on July 1; and (iii) be accompanied by a fee of $100 $300 per
registration and annual renewal. A registration application or registration
renewal will not be considered filed until all required information and
fees are received by the Commissioner. Any obligor who fails to register prior
to the sale of an extended service contract shall pay a late filing fee of $100
for each 30-day period, or portion thereof, that the registration is late. An
obligor who fails to timely renew its registration shall pay a late fee of $50
for each 30-day period, or portion thereof, that the annual renewal filing is
late. The late fees authorized by this subsection shall be in addition to all
other penalties authorized by law.
B. All fees shall be remitted to the State Treasurer and shall be placed to the credit and special fund of the Virginia Department of Agriculture and Consumer Services to be used in the administration of this chapter.
C. Any matter subject to the insurance regulatory authority of the State Corporation Commission pursuant to Title 38.2 shall not be subject to the provisions of this chapter.
D. Licensed or registered motor vehicle dealers, as defined in § 46.2-1500, shall not be subject to the provisions of this chapter.
E. Extended service contract providers who comply with this section and the employees of such providers who market, sell or offer to sell extended service contracts on behalf of the provider shall not be subject to the provisions of Title 38.2.