Virginia Code § 18.2-115.1 prohibits individuals from unlawfully subleasing or transferring control of a motor vehicle that is under a lease, security interest, or lien without prior written consent from the creditor or lienholder. The law targets for-profit entities and individuals who receive compensation for such unauthorized transfers. Violations are classified as Class 3 misdemeanors, with certain exceptions for employees acting on behalf of their employer and when full payment is made within 30 days of transfer.
An unlawful sublease occurs when a person for profit, not a party to the original lease, transfers control of a vehicle under a lease or security interest without prior written consent from the creditor or lienholder.
Violating this law is classified as a Class 3 misdemeanor, which can result in criminal charges and penalties.
Yes, employees acting upon their employer's request and cases where full payment is received within 30 days of transfer are exceptions.
Yes, if the full amount owed under the lease or security agreement is paid within 30 days of the transfer, the law does not apply.