Effect of license revocation, suspension, or surrender

Va. Code Ann. § 6.2-1515
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The revocation, suspension, or surrender of any license shall not impair or affect the obligation of any preexisting lawful contract between the licensee and any borrower. Code 1950, § 6-294; 1966, c. 584, § 6.1-264; 2010, c. 794 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/6.2-1515/Fetched: 10/17/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements