STATE PRODUCT DISCLOSURE
MVP Cash Advance publishes only the state/product role supported by current operating and legal records. The agreement presented for a specific transaction identifies the responsible legal provider, amount, charges, payment dates and rights. This disclosure does not create an approval or replace the agreement.
Virginia’s licensed short-term-loan framework uses scheduled installments. Principal, interest, permitted fees, total repayment and the rescission/electronic-payment rights are presented together before acceptance.
Licensed short-term loan with scheduled installments
Only the current Virginia short-term product supported by the licensed provider and written agreement is shown; it is not presented as a one-payment payday loan.
Virginia State Corporation Commission — Bureau of Financial Institutions
August 22, 2026 • Natalie Randrup
| Topic | Current disclosure |
|---|---|
| Loan amount | Up to $2,500 under Virginia’s short-term-loan framework; do not infer a statutory minimum from the state’s example disclosures. |
| Term | The state page uses the current statutory 4-to-24-month structure and live agreement. |
| Interest | Simple annual interest up to 36%. |
| Monthly maintenance fee | Not more than the lesser of 8% of the originally contracted amount or $25, subject to any lawful inflation adjustment. |
| Total fee cap | Fees and charges are capped at 50% of original principal for loans of $1,500 or less and 60% when the original principal is greater than $1,500, excluding specified return/late charges. |
| Rescission | The borrower may rescind/cancel by 5 p.m. of the third business day after entering the contract by returning the loan proceeds as provided by law. |
The decision view shows principal, interest, maintenance fee, payment count, total charges, total repayment and the three-business-day rescission notice together.
MVP Cash Advance publishes only the state/product role supported by current operating and legal records. The agreement presented for a specific transaction identifies the responsible legal provider, amount, charges, payment dates and rights. This disclosure does not create an approval or replace the agreement.
Virginia State Corporation Commission — Bureau of Financial Institutions: View source →
Return to /locations/virginia/ for the commercial product experience and calculator.
Virginia Code — Chapter 18 Short-Term Loans: View source →
Virginia Code § 6.2-1817 — Authorized fees: View source →
Virginia Code § 6.2-1818.3 — Total fee limits: View source →
Last reviewed: August 22, 2026. Reviewed by Natalie Randrup — Lending Compliance & Documentation Reviewer. Re-check when law, product, privacy, messaging or location operations materially change.
I had an unexpected expense come up and this was simple to work through. The timing slipped by a day for me, but support kept me updated.
I used the site from my phone and didn’t run into much trouble. The timing was good for what I needed, though bank posting time is its own thing.
I used the site from my phone and didn’t run into much trouble. I chose the option with multiple payments because one big payment would have been rough. I appreciated that I could stop and review things before moving on.
I used the site from my phone and didn’t run into much trouble. The timing was good for what I needed, though bank posting time is its own thing. For an online process, it felt pretty human and not like I was just clicking into a black box.
The whole thing was easier than I expected. The online steps didn’t take long and I wasn’t stuck waiting around all day.
Keep your amount, state and repayment preference in view as you continue through MVP Cash Advance.
