6.2-1105 - (Effective October 1, 2010) Use of savings institution name, logo, or symbol for marketing purposes; penalty.
§ 6.2-1105. (Effective October 1, 2010) Use of savings institution name,logo, or symbol for marketing purposes; penalty.
A. Except as provided in subsection B, no person shall use the name, logo, orsymbol, or any combination thereof, of a savings institution, or any name,logo, or symbol, or any combination thereof, that is deceptively similar tothe name, logo, or symbol of a savings institution, in marketing materialprovided to or solicitation of another person in a manner such that areasonable person may believe that the marketing material or solicitationoriginated from or is endorsed by the savings institution or that the savingsinstitution is responsible for the marketing material or solicitation.
B. This section shall not apply to (i) an affiliate or agent of the savingsinstitution or (ii) a person who uses the name, logo, or symbol of a savingsinstitution with the consent of the savings institution.
C. Any person violating the provisions of this section, either individuallyor as an interested party, is guilty of a Class 1 misdemeanor.
D. This section shall not affect the availability of any remedies otherwiseavailable to a savings institution.
(2005, c. 240, § 6.1-194.93:1; 2010, c. 794.)