Virginia Law

Code of Virginia

Table of Contents » Title 11. Contracts » Chapter 1. General Provisions » § 11-4.3. When acceleration of payment or repossession of consumer goods not allowed

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Code of Virginia
Title 11. Contracts
Chapter 1. General Provisions

8/8/2026

§ 11-4.3. When acceleration of payment or repossession of consumer goods not allowed.

Notwithstanding any provisions in a contract, other evidence of indebtedness or security agreement arising from a sale or financing of consumer goods as defined in § 8.9A-102 of this Code, no acceleration of payment or repossession on account of late payment or nonpayment of an installment shall be permitted if payment, together with any late payment penalty permitted under § 6.2-400, is made within ten days of the date on which the installment was due.

1974, c. 572.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.