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24 chapters · 957 sections in this title.
Va. Code Ann. § 6.2-300 Definitions
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As used in this chapter, unless the context otherwise requires: "Bank" means any national bank, any bank organized under Chapter 8 (§ 6.2-800 et seq.), or any bank incorporated and organized under the laws of another state. "Credit union" means any credit union organized under Ch…
Va. Code Ann. § 6.2-301 Legal rate of interest; when legal rate implied
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A. The legal rate of interest shall be an annual rate of six percent. B. Except as provided in subsection (b) of § 8.3A-112 and § 6.2-302, the legal rate of interest shall be implied when there is an obligation to pay interest and no express contract to pay interest at a specifie…
Va. Code Ann. § 6.2-302 Judgment rate of interest
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A. The judgment rate of interest shall be an annual rate of six percent, except that a money judgment entered in an action arising from a contract shall carry interest at the rate lawfully charged on such contract, or at six percent annually, whichever is higher. B. If the contra…
Va. Code Ann. § 6.2-303 Contracts for more than legal rate of interest
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A. Except as otherwise permitted by law, no contract shall be made for the payment of interest on a loan at a rate that exceeds 12 percent per year. B. Laws that permit payment of interest at a rate that exceeds 12 percent per year are set out, without limitation, in: 1. Article …