Virginia Collection Agency Laws

Virginia Collection Agency Laws that regulate debt collection.

The Creditors Guide To Virginia Collection Laws

Following is a some important information on VirginiaCollection Laws including: Virginia Statutes, Virginia Judgments, Virginia Garnishments, Virginia Interest Rates, Virginia Bad Check Laws and Virginia Collection Agency Requirements. Please be sure that you check the Virginia State website for the latest updates to the Virginia Collection Agency Laws.

INTEREST RATE

• Legal: 8%
• Judgment: 9% or contract rate whichever is higher

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 3 Last charge or payment Written Contract: 5
• Domestic Judgment: 20
• Foreign Judgment: 10
• Sales of goods under article 2 is 4 years

BAD CHECK LAWS (CIVIL PENALTY)
Lesser of $250 or three times check amount

GENERAL GARNISHMENT EXEMPTIONS
See federal law

COLLECTION AGENCY BOND & LICENSE

• Bond:$5000
• License: Depends on Locality
• Fee: No

Recommended Virginia Collection Agency Listings:

VirginiaCollection Agency
Debt-Collection-Laws.com offers you a directory of the top ranked debt collection agencies in the United States by state.

Please note this website site not intended to give legal advice and may not be complete or up to date with the most current Virginia collection laws changes.

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