Virginia Debt Collection Laws and Statutes

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.

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