Statutes > Virginia Statutes > Title 6.1 - BANKING AND FINANCE. > Chapter 6 - Consumer Finance Act (6.1-244 thru 6.1-310) > 6.1-264 - (Repealed effective October 1, 2010) Effect of revocation, etc., on preexisting contracts.

6.1-264 - (Repealed effective October 1, 2010) Effect of revocation, etc., on preexisting contracts.

§ 6.1-264. (Repealed effective October 1, 2010) Effect of revocation, etc.,on preexisting contracts.

No revocation, suspension, or surrender of any license shall impair or affectthe obligation of any preexisting lawful contract between the licensee andany borrower.

(Code 1950, § 6-294; 1966, c. 584.)