New Zoning Rules for Payday, Vehicle Title Loan Providers

During past three years, organizations have actually doubled to projected 31 places. Companies signal decrease in a grouped community and deter other shops.

Brand new zoning rules are actually in position to restrict where car-title and lenders that are payday create store, in accordance with Fairfax County.

It is a problem that Sen. Scott Surovell (D-36th) has championed, pressing for legislation which allows regional governments to get a handle on the area for the companies.

The Board of Supervisors unanimously approved brand new guidelines on Tuesday. Issues had been very first expressed in 2013 about where these continuing companies have already been situated, and in the past 36 months, these businesses have actually doubled from about 16 to an estimated 31.

Two-thirds are situated in revitalization districts

Today officials have long believed these lenders are inappropriate for the county’s revitalization districts where almost two-thirds—or about 19—can be found. Based on educational studies county planners examined, these businesses signal decrease in a residential area and deter other stores, eateries and smaller businesses from going to those areas.

The zoning conditions, among other activities, restrict the places where businesses that are future start, the county noted. Loan providers legitimately in operation now will be allowed to remain in their current areas, nonetheless.

Under previous zoning rules, payday and car-title loan providers had been allowed to operate by-right in identical areas as commercial banks—that is at many commercial and zoning that is industrial.

Brand New Rules

The county said under the new rules, however, these businesses would be permitted by-right only in two commercial zoning districts, known as C-7 and c-8. These are the greater traditional areas that are commercial major roadways or highways, such as for example Arlington Boulevard, minimal River Turnpike and Richmond Highway.

Prohibited in Seven Areas

New alternative financing organizations additionally will be prohibited from finding into the county’s five commercial revitalization districts as well as 2 commercial revitalization areas:

Of this roughly 31 lenders in operation today, about five are payday and 22 are vehicle name creditors. Vehicle name loan providers make loans where individuals indication over their games as security.

Zoning officials recommended these land usage laws since they can help spot lenders in areas which have roadways that may manage high traffic volumes.

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