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Virginia Law

Code of Virginia

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Chapter 3.
Interest and Usury
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  • Article 2.
    Legal, Judgment, and Contract Rates of Interest
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    • § 6.2-301
    Legal rate of interest; when legal rate implied
    § 6.2-302
    Judgment rate of interest
    § 6.2-303
    Contracts for more than legal rate of interest
  • Article 3.
    Usury
    Read all
    • § 6.2-304
    Plea of usury; judgment
    § 6.2-305
    Recovery of twice total usurious interest paid; limitation of action; injunction to prevent sale of property pending action; effect of errors in computation
    § 6.2-306
    Waiver of rights violative of public policy
    § 6.2-307
    Assertion of defenses or claims by borrowers; effect of assignment
    § 6.2-308
    Entities not permitted to plead usury
  • Article 4.
    Loans Exempt from Limit on Contract Rate of Interest
    Read all
    • § 6.2-309
    Charges by banks and savings institutions on installment loans
    § 6.2-310
    Rate of interest chargeable by state banks and savings institutions
    § 6.2-311
    Closed-end installment loans by sellers of goods or services
    § 6.2-312
    Open-end credit plans
    § 6.2-313
    Open-end credit extended by banks or savings institutions
    § 6.2-314
    Motor vehicle purchase loans by subsidiaries and affiliates of banks and savings institutions
    § 6.2-315
    Loans by certain financial institutions or brokers payable on demand or having a term up to one year
    § 6.2-316
    Loans of $5,000 or more made by certain financial institutions
    § 6.2-317
    Loans of $5,000 or more for business or investment purposes
    § 6.2-318
    Loans by credit unions
    § 6.2-319
    Loans by pension plans to participants
    § 6.2-320
    Loans by industrial loan associations
    § 6.2-321
    Loans pursuant to stock option financing programs
    § 6.2-322
    Extensions of credit on pledged securities
    § 6.2-323
    Educational loans by banks or savings institutions
    § 6.2-324
    Educational loans by private institution of higher education
    § 6.2-325
    Certain loans secured by first deed of trust or mortgage
    § 6.2-326
    Fees and charges in connection with loans by real estate lenders
    § 6.2-327
    Certain loans secured by a subordinate deed of trust or mortgage
    § 6.2-328
    Charges allowed on loan secured by subordinate mortgage
    § 6.2-329
    Loans insured or guaranteed by certain governmental agencies