Virginia Internet Payday Loan Laws - Impossible to find?

So I've spent all day searching the web and I am now hoping someone here could provide me with more information or ways to interpret the existing law.

This is the most concrete information I can find and I'm very frustrated that not even the Virginia government site mentions internet lenders.

Pulled from:
http://www.scc.virginia.gov/bfi/reg_inst/pay.aspx

The Virginia Payday Loan Act which allows payday lending in Virginia has been amended by the 2008 Virginia General Assembly. Beginning January 1, 2009, some of the changes to the Virginia Payday Loan Act include:

•One Payday Loan at a time per borrower
•Database established to track and determine eligibility for payday loans
•Longer repayment term for payday loans. The due date for a Virginia payday loan from a licensee will now be based on two times your pay cycle. Thus, if you get paid once a week, you will have two weeks to repay the loan.
•Change in fees, charges & interest
Interest – a maximum simple annual rate of up to 36%
Loan Fee – up to 20% of the amount of the loan (maximum of
$100 loan fee on a $500 loan)
Verification Fee – up to $5.00 (database fee)
•Payday loan shall not be made on the same day one is paid in full
•Extended Payment Plan may be available on payday loans obtained after January 1, 2009. There are conditions which apply, see your payday lender for questions.
•Extended Term Loan may be available on a 5th payday loan in a 180 day period obtained after January 1, 2009. There are conditions which apply, see your payday lender for questions.


Do internet lenders have to be licensed in VA? Do these new laws apply to Internet lenders?


I have been using the Internet Lender Magnum Cash Advance (International Cash Advance) recently and was wondering if my Loan is even Legal. I have pasted the details below. *IF* they are required to abide by the Law I posted above then my APR exceeds the maximum allowed by State Law AND my amount borrowed is over the 500 maximum. I've actually paid it down to $1,700 remaining but funds are tight now and I don't wish to continue paying Illegal rates if I don't have to.

Federal Truth in Lending Act Information
12/28/2009 ANNUAL PERCENTAGE RATE

The cost of your credit at a yearly rate FINANCE CHARGE
582.22%
The dollar amount the credit will cost you AMOUNT FINANCED
$1068.07
The amount of credit provided to you or on your behalf TOTAL OF PAYMENTS
$1530.00
The amount you will have paid after you have made all payments as scheduled $2598.07