Yes. Title loans are legal in Virginia, and lenders must follow the Virginia Motor Vehicle Title Loan Act (as reformed by the Fairness in Lending Act 2020).
Title loan rules in Virginia at a glance
| Title-loan law | Virginia Motor Vehicle Title Loan Act (as reformed by the Fairness in Lending Act 2020) |
|---|---|
| Rate cap | 36% simple annual interest plus a monthly maintenance fee of up to the lesser of 8% of the loan or $15 |
| Fees the law allows | None — only the fees listed in § 6.2-2216 (Va. Code § 6.2-2215(2)) |
| Largest loan | $2,500 |
| Loan term | 6 months to 24 months |
| Rollovers and renewals | No renewals or extensions; refinancing into a new title loan is permitted (Va. Code §§ 6.2-2215(4), 6.2-2216.2) |
| Repossession | Allowed after default |
| Time to catch up before repossession | 10 days |
| Owe the balance after the car is sold? | No, the lender cannot collect a remaining balance |
| Lender license | Required (Virginia State Corporation Commission (SCC) - Bureau of Financial Institutions) |
| Statute | VA Code § 6.2-2201, § 6.2-2215.1, § 6.2-2216, § 6.2-2217 |
Source: VA Code § 6.2-2201, § 6.2-2215.1, § 6.2-2216, § 6.2-2217 (read the law). We last checked it against the statute on May 10, 2026. See title loan laws in every state.
What a title loan costs in Virginia
Under Virginia's rate rules, borrowing $500 for 12 months costs $282.77 in interest or fees, so you repay $782.77 (92.09% APR). Your offer may differ.
| Loan | Term | Interest and fees | Total repaid | APR |
|---|---|---|---|---|
| $500 | 12 months | $282.77 | $782.77 | 92.09% |
| $1,500 | 12 months | $488.32 | $1,988.32 | 55.52% |
| $2,500 | 12 months | $693.86 | $3,193.86 | 47.82% |
Virginia allows no separate fee on top of the interest, beyond what its title-loan law lists. The lender's written disclosure shows the full cost and APR.
What happens if you can't repay
If you fall behind, the lender can repossess your car, but Virginia gives you 10 days to catch up on missed payments first. If the car is sold, the lender cannot come after you for any balance the sale did not cover.
If you think you will miss a payment, call the lender before the due date and ask what options it offers.
How to check a lender in Virginia
Title lenders in Virginia must be licensed (Virginia State Corporation Commission (SCC) - Bureau of Financial Institutions). Search for the lender on the official license lookup before you sign. Complaints go to the Virginia State Corporation Commission. Lenditup does not check lender licenses for you (see how we verify).
Looking for a loan in Virginia?
A title loan puts your car at risk, so compare it with a personal installment loan first. If a title loan is still the right fit, you can send one request and see what lenders and lending marketplaces in our network offer.
Lenditup is not a lender. Sending a request does not mean you will be approved; each lender sets its own rates and terms within Virginia law.
Title loan questions for Virginia
01What is the most a title lender can charge in Virginia?
02How long is a title loan in Virginia?
03How much can I borrow on a title loan in Virginia?
04Can I roll over a title loan in Virginia?
05What happens if I can't repay a title loan in Virginia?
06How do I check that a title lender is licensed in Virginia?
07Is Lenditup a title lender in Virginia?
Title loan laws in other states
- Alabama
- Alaska
- Arizona
- California
- Colorado
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Mexico
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Compare every state side by side on the state title loan law table, or read how title loans work and what lenders ask for.