{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/23.1-619.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/23.1-619.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/23.1-619.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/23.1-619.html"}],"law_id":67565,"edition_id":1,"section_id":67565,"structure_id":14862,"section_number":"23.1-619","catch_line":"Collection of loans","history":"1978, c. 745, \u00a7 23-38.10:4; 1988, c. 544; 2016, c. 588; 2018, c. 786.","full_text":"For each loan made from its fund, each institution shall:\n\n1\n\nInclude in loan documents for each loan an individual plan for the repayment of principal and interest and the payment of any late fees and clear and detailed information about the collection process for such loan pursuant to the Virginia Debt Collection Act (§ 2.2-4800 et seq.), including information about the agency or entity that is responsible for collection;2\n\nEstablish a process for notifying each student or, in the case of an undergraduate student and as appropriate, the student’s parent of any loan payment that is past due no later than (i) 30 days after the payments become past due and (ii) if necessary, the end of the academic term during which such payment becomes past due; and3\n\nMake every effort to collect each loan and comply with the Virginia Debt Collection Act (§ 2.2-4800 et seq.) with regard to the collection of such loans, provided that, notwithstanding §§ 2.2-4805 and 2.2-4806, the institution may, with the consent of the borrower, modify the terms of any loan for which payments are past due to provide for repayment forbearance on such loan and repayment to commence on a mutually agreed-upon date in the future. Prior to entering into any such agreement, the institution shall provide the borrower with information regarding the effect of a forbearance on the loan amount, including (i) the amount of any additional accumulated principal and interest and (ii) the estimated total amount to be owed upon recommenced payments.","order_by":null,"text":{"0":{"id":244825,"text":"For each loan made from its fund, each institution shall:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":244826,"text":"Include in loan documents for each loan an individual plan for the repayment of principal and interest and the payment of any late fees and clear and detailed information about the collection process for such loan pursuant to the Virginia Debt Collection Act (§ 2.2-4800 et seq.), including information about the agency or entity that is responsible for collection;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":244827,"text":"Establish a process for notifying each student or, in the case of an undergraduate student and as appropriate, the student’s parent of any loan payment that is past due no later than (i) 30 days after the payments become past due and (ii) if necessary, the end of the academic term during which such payment becomes past due; and","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":244828,"text":"Make every effort to collect each loan and comply with the Virginia Debt Collection Act (§ 2.2-4800 et seq.) with regard to the collection of such loans, provided that, notwithstanding §§ 2.2-4805 and 2.2-4806, the institution may, with the consent of the borrower, modify the terms of any loan for which payments are past due to provide for repayment forbearance on such loan and repayment to commence on a mutually agreed-upon date in the future. Prior to entering into any such agreement, the institution shall provide the borrower with information regarding the effect of a forbearance on the loan amount, including (i) the amount of any additional accumulated principal and interest and (ii) the estimated total amount to be owed upon recommenced payments.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2"}},"ancestry":[{"id":14862,"edition_id":1,"name":"Student Loan Funds","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":13397,"metadata":{},"date_created":"2026-06-26 03:50:27","date_modified":"2026-06-26 03:50:27","permalink":{"id":185091,"object_type":"structure","relational_id":14862,"identifier":"3","token":"23.1\/II\/6\/3","url":"\/23.1\/II\/6\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13397,"edition_id":1,"name":"Financial Assistance","identifier":"6","label":"chapter","depth":3,"order_by":1,"parent_id":13112,"metadata":{},"date_created":"2026-06-26 03:44:48","date_modified":"2026-06-26 03:44:48","permalink":{"id":184997,"object_type":"structure","relational_id":13397,"identifier":"6","token":"23.1\/II\/6","url":"\/23.1\/II\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13112,"edition_id":1,"name":"Students and Campus","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":13111,"metadata":{},"date_created":"2026-06-26 03:44:18","date_modified":"2026-06-26 03:44:18","permalink":{"id":184847,"object_type":"structure","relational_id":13112,"identifier":"II","token":"23.1\/II","url":"\/23.1\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13111,"edition_id":1,"name":"Institutions of Higher Education; Other Educational and Cultural Institutions","identifier":"23.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:18","date_modified":"2026-06-26 03:44:18","permalink":{"id":184581,"object_type":"structure","relational_id":13111,"identifier":"23.1","token":"23.1","url":"\/23.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":75258,"structure_id":14862,"section_number":"23.1-617","catch_line":"Definitions","url":"\/23.1-617\/","token":"23.1\/II\/6\/3\/23.1-617","metadata":false},{"id":56789,"structure_id":14862,"section_number":"23.1-618","catch_line":"Loans to students","url":"\/23.1-618\/","token":"23.1\/II\/6\/3\/23.1-618","metadata":false},{"id":67565,"structure_id":14862,"section_number":"23.1-619","catch_line":"Collection of loans","url":"\/23.1-619\/","token":"23.1\/II\/6\/3\/23.1-619","metadata":false},{"id":58332,"structure_id":14862,"section_number":"23.1-620","catch_line":"Biennial audits","url":"\/23.1-620\/","token":"23.1\/II\/6\/3\/23.1-620","metadata":false},{"id":71620,"structure_id":14862,"section_number":"23.1-621","catch_line":"Additional student loan funds","url":"\/23.1-621\/","token":"23.1\/II\/6\/3\/23.1-621","metadata":false}],"previous_section":{"id":56789,"structure_id":14862,"section_number":"23.1-618","catch_line":"Loans to students","url":"\/23.1-618\/","token":"23.1\/II\/6\/3\/23.1-618","metadata":false},"next_section":{"id":58332,"structure_id":14862,"section_number":"23.1-620","catch_line":"Biennial audits","url":"\/23.1-620\/","token":"23.1\/II\/6\/3\/23.1-620","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/23.1-619\/","history_text":"

This law was first created in 1978. The record of its establishment is cataloged in chapter 745 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1978 \u201cActs\u201d aren\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1988, chapter 544; in 2016, chapter 588<\/a>; in 2018, chapter 786<\/a>.<\/p>","references":false,"refers_to":[{"id":85840,"section_number":"2.2-4800","catch_line":"Policy of the Commonwealth; collection of accounts receivable","order_by":null,"url":"\/2.2-4800\/"},{"id":59860,"section_number":"2.2-4805","catch_line":"Interest, administrative charges and penalty fees","order_by":null,"url":"\/2.2-4805\/"},{"id":82598,"section_number":"2.2-4806","catch_line":"Utilization of certain collection techniques","order_by":null,"url":"\/2.2-4806\/"}],"permalink":{"id":185101,"object_type":"law","relational_id":67565,"identifier":"23.1-619","token":"23.1\/II\/6\/3\/23.1-619","url":"\/23.1-619\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/23.1-619\/","token":"23.1\/II\/6\/3\/23.1-619","dublin_core":{"Title":"Collection of loans","Type":"Text","Format":"text\/html","Identifier":"\u00a7 23.1-619","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

For each loan made from its fund<\/span>, each institution<\/span> shall:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Include in loan documents for each loan an individual plan for the repayment of principal and interest and the payment of any late fees and clear and detailed information about the collection process for such loan pursuant to the Virginia Debt Collection Act (§ 2.2-4800<\/a> et seq.), including information about the agency or entity that is responsible for collection; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Establish a process for notifying each student<\/span> or, in the case of an undergraduate student<\/span> and as appropriate, the student<\/span>’s parent of any loan payment that is past due no later than (i) 30 days after the payments become past due and (ii) if necessary, the end of the academic term during which such payment becomes past due; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Make every effort to collect each loan and comply with the Virginia Debt Collection Act (§ 2.2-4800<\/a> et seq.) with regard to the collection of such loans, provided that, notwithstanding §§ 2.2-4805<\/a> and 2.2-4806<\/a>, the institution<\/span> may, with the consent of the borrower, modify the terms of any loan for which payments are past due to provide for repayment forbearance on such loan and repayment to commence on a mutually agreed-upon date in the future. Prior to entering into any such agreement, the institution<\/span> shall provide the borrower with information regarding the effect of a forbearance on the loan amount, including (i) the amount of any additional accumulated principal and interest and (ii) the estimated total amount to be owed upon recommenced payments. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCOLLECTION OF LOANS (\u00a7 23.1-619)\n\nFor each loan made from its fund, each institution shall:\n\n1. Include in loan documents for each loan an individual plan for the repayment\nof principal and interest and the payment of any late fees and clear and\ndetailed information about the collection process for such loan pursuant to the\nVirginia Debt Collection Act (§ 2.2-4800 et seq.), including information\nabout the agency or entity that is responsible for collection;\n\n2. Establish a process for notifying each student or, in the case of an\nundergraduate student and as appropriate, the student’s parent of any loan\npayment that is past due no later than (i) 30 days after the payments become\npast due and (ii) if necessary, the end of the academic term during which such\npayment becomes past due; and\n\n3. Make every effort to collect each loan and comply with the Virginia Debt\nCollection Act (§ 2.2-4800 et seq.) with regard to the collection of such\nloans, provided that, notwithstanding §§ 2.2-4805 and 2.2-4806, the\ninstitution may, with the consent of the borrower, modify the terms of any loan\nfor which payments are past due to provide for repayment forbearance on such\nloan and repayment to commence on a mutually agreed-upon date in the future.\nPrior to entering into any such agreement, the institution shall provide the\nborrower with information regarding the effect of a forbearance on the loan\namount, including (i) the amount of any additional accumulated principal and\ninterest and (ii) the estimated total amount to be owed upon recommenced\npayments.\n\nHISTORY: 1978, c. 745, \u00a7 23-38.10:4; 1988, c. 544; 2016, c. 588; 2018, c. 786.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}