Virginia Funding
Commercial financing disclosure context for Virginia
Overview
Virginia regulates covered sales-based financing providers and brokers under Chapter 22.1 of Title 6.2.
Transaction scope
Sales-based financing providers and brokers serving Virginia recipients, subject to statutory definitions and exemptions.
Reviewed status
Chapter effective July 1, 2022; initial registration deadline was November 1, 2022.
Last reviewed 2026-05-11
Key Requirements
- Register with the Virginia State Corporation Commission when covered
- Renew registration annually by the required deadline
- Provide the prescribed sales-based financing disclosure form at the time of a specific offer
- Obtain authority to transact business in Virginia when required for foreign entities
Required Disclosures
- Completed Sales-Based Financing Disclosure Form
- Financing amount and finance charge information
- Payment structure and frequency
- Prepayment policy information
- Applicable broker or provider disclosures required by the prescribed form
Penalties for Non-Compliance
- Registration expiration for failure to renew
- SCC or Bureau of Financial Institutions enforcement
- Potential administrative consequences for covered violations
Registration and Enforcement Notes
Every covered sales-based financing provider and broker must register with the State Corporation Commission and renew annually.
The State Corporation Commission and Bureau of Financial Institutions administer registration and prescribed disclosure-form requirements.
Additional Resources
How Alpha Capital Group Reviews State Context
At Alpha Capital Group, we review state-specific commercial financing requirements with product structure, transaction size, and partner obligations in mind. Our process is designed to support:
- Complete transparency in all financing terms
- Clear disclosure of fees, rates, and payment structures
- Review of applicable state-specific registration requirements
- Adherence to all telemarketing and solicitation laws
- Maintenance of required records and documentation
Our team reviews state-level commercial financing disclosure context and partner requirements as part of business-purpose funding preparation. This page is informational and is not legal advice.
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Our team understands the regulatory landscape in your state and can help you navigate the requirements.
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