Virginia Debt Collection Laws and Statutes
AccountsReceivable.com handles debt collections throughout the entire state of Virginia.
Below you will find important information on Virginia state debt recovery laws including: Virginia Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.
STATE: VIRGINIA
Interest Rate
- Legal: 6%
- Judgment: 6%
STATUTE OF LIMITATIONS (IN YEARS)
- Open Account: 3 (last charge or payment)
- Written Contract: 5
- Sales of Goods under Article 2: 4
- Domestic Judgment: 20
- Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
Lesser of $250 or 3x check amount.
GENERAL GARNISHMENT EXEMPTIONS
See federal law.
