Supervisors Continue Car Title Lending Case Until Next Month

September 4, 2013
Village News (Chester, Va.)  
payday lending news

In Virginia, Chesterfield Board of Supervisor Chairman Dorothy Jaeckle called for a deferral of an auto-title lender business proposed for the corner of Jefferson Davis Highway and Osborne Road. LoanMax has leased property there, and its application for rezoning deferred has been deferred for the second time.

The board wants to explore a change in policy for auto title and payday lenders. Planning documents say that “AFIs [alternative financial institutions] shall be located within a shopping center and within a building which is designed, constructed, or repurposed for use and occupancy by three or more separate tenants.” There were concerns that a policy for AFIs would allow them within freestanding buildings; and it was suggested that AFIs be required to locate within a structure housing three or more independent uses, to minimize their visual appearance in the surrounding community.

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