A motor vehicle title lender is also prohibited from making a motor vehicle title loan to you if (i) you are married to a covered member of the armed forces (ii) you are the child, as defined in 38 USC ∮ 101(4), of a covered member of the armed forces or (iii) more than one-half of your support during the past 180 days was provided by a covered member of the armed forces.Ĭertificate of Title / Other Security Interests: Prior to obtaining a motor vehicle title loan, you will be required to give a motor vehicle title lender the certificate of title for your motor vehicle.
If you are (i) on active duty under a call or order that does not specify a period of 30 days or less or (ii) on active guard and reserve duty, then you are a covered member of the armed forces and a motor vehicle title lender is prohibited from making a motor vehicle title loan to you. Prohibition on Loans to Covered Members of the Armed Forces and their Dependents: Virginia law prohibits a motor vehicle title lender from making motor vehicle title loans to covered members of the armed forces and their dependents. Prohibition on Obtaining Loan on Same Day Another Loan was Repaid: Virginia law prohibits a motor vehicle title lender from making a motor vehicle title loan to you on the same day that you repaid or satisfied in full a motor vehicle title loan from either the same motor vehicle title lender or any other motor vehicle title lender conducting a motor vehicle title lending business in Virginia. Prohibition on Obtaining Loan if Motor Vehicle has Existing Lien / One Loan at a Time: Virginia law prohibits a motor vehicle title lender from making a motor vehicle title loan to you if (i) your certificate of title indicates that your motor vehicle is security for another loan or has an existing lien or (ii) you currently have another motor vehicle title loan from either the same motor vehicle title lender or any other motor vehicle title lender conducting a motor vehicle title lending business in Virginia. Notice from Lender: A motor vehicle title lender is required to provide you with a clear and conspicuous printed notice advising you that a motor vehicle title loan is not intended to meet your long-term financial needs that the interest rate on a motor vehicle title loan is high and that if you fail to repay your loan in accordance with your loan agreement, the motor vehicle title lender may repossess and sell your motor vehicle. Alternatives may include among other things less expensive short-term financing from another financial institution, family, or friends, a cash advance on a credit card, or an account with overdraft protection. In General: You are responsible for evaluating whether a motor vehicle title loan is right for you. If you have any questions about motor vehicle title lending or want additional information, you may contact the Virginia State Corporation Commission's Bureau of Financial Institutions toll-free at (800) 552-7945 or on the Internet at. It is designed to advise you of your rights and responsibilities in connection with obtaining a motor vehicle title loan in Virginia under Chapter 22 (∮ 6.2-2200 et seq.) of Title 6.2 of the Code of Virginia. The most enjoyable part was when we won contest we were able to wear jeans on friday and sometimes saturday and the Area Manager will buy lunch.Please take the time to carefully review the information contained in this pamphlet. The hardest part of working for the company well I wouldn't say hard, I'll most frustrating part is when a customer vehicle get repoed especially out of state, it gives us the runarounds as far as contacing the repo people to get fees and contacting the customer to keep him/her ubdated on the status on top of them giving us attitude and cursing at us. I loved my co-workers, they are so easy going and fun to be around, I really enjoyed them and miss them as well. It wasn't alot more to what I was already doing except for there was just a little more things I was able to do that a regular csr couldn't.
Being a Store Manager for the company was a great experience for me. There is so many things I learned while working for the copany as I worked there such as how to process loans on car titles and so much more. A typical day at work is calling customers everyday to collect on late accounts so customers can avoid daily interst and a possible late fee.
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