VA HB1309

Amends Virginia Code § 6.2-1523 to expand the types of additional charges consumer finance companies can collect from borrowers beyond standard interest, late fees, and loan processing fees

Authorizes charges for guaranteed asset protection (GAP) waivers under Chapter 64 of Title 38.2 for borrower protection in connection with loans

Permits charges for guaranteed asset protection insurance for borrower protection in connection with loans

Maintains existing allowable charges including insurance premiums, recordation fees, and a $25 maximum handling fee for returned checks due to insufficient funds or no account