Re: New Virginia Car Title Loan Law
I cannot find anything concerning applicability or lack of regarding this. Generally, a law cannot retroactively alter an existing contract if it was legal at it's inception. As such, I suspect the interest rates stated in the pre Oct contract will control. I would suspect the 10 day notice provision will be applicable to any such loan regardless of it's date of inception as that is not a contractual obligation being altered and does not adversely affect the lenders rights.
I am not an attorney and any advice is not to be construed as legal advice. You might even want to ignore my advice. Actually, there are plenty of real attorneys that you might want to ignore as well.