{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.01-465.20.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.01-465.20.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.01-465.20.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.01-465.20.html"}],"law_id":76398,"edition_id":1,"section_id":76398,"structure_id":15549,"section_number":"8.01-465.20","catch_line":"Judgments and awards on foreign-money claims; times of money conversion; form of judgment","history":"1991, c. 24.","full_text":"A\n\nA judgment or award on a foreign-money claim must be stated in an amount of the money of the claim. However, assessed costs must be entered in United States dollars. A judgment in substantially the following form complies with this subsection: [IT IS ADJUDGED AND ORDERED, that Defendant (insert name) pay to Plaintiff (insert name) the sum of (insert amount in the foreign money) plus interest on that sum at the rate of (insert rate -- see § 8.01-465.22) percent a year or, at the option of the judgment debtor, the number of United States dollars which will purchase the (insert name of foreign money) with interest due, at a bank-offered spot rate at or near the close of business on the banking day next before the day of payment, together with assessed costs of (insert amount) United States dollars.]B\n\nA judgment or award on a foreign-money claim is payable in that foreign money or, at the option of the debtor, in the amount of United States dollars which will purchase that foreign money on the conversion date at a bank-offered spot rate.\n\t\t\tEach payment in United States dollars must be accepted and credited on a judgment or award on a foreign-money claim in the amount of the foreign money that could be purchased by the dollars at a bank-offered spot rate of exchange at or near the close of business on the conversion date for that payment.C\n\nA judgment or award made in an action or distribution proceeding on both a defense, setoff, recoupment, or counterclaim and the adverse party’s claim, must be netted by converting the money of the smaller into the money of the larger, and by subtracting the smaller from the larger, and shall specify the rates of exchange used.D\n\nIf a contract claim is of the type covered by § 8.01-465.18 A or B, the judgment or award must be entered for the amount of money stated to measure the obligation to be paid in the money specified for payment or, at the option of the debtor, the number of United States dollars which will purchase the computed amount of the money of payment on the conversion date at a bank-offered spot rate.E\n\nA judgment shall be docketed and indexed in foreign money in the same manner, and has the same effect as a lien, as other judgments. It may be discharged by payment.","order_by":null,"text":{"0":{"id":274246,"text":"A judgment or award on a foreign-money claim must be stated in an amount of the money of the claim. However, assessed costs must be entered in United States dollars. A judgment in substantially the following form complies with this subsection: [IT IS ADJUDGED AND ORDERED, that Defendant (insert name) pay to Plaintiff (insert name) the sum of (insert amount in the foreign money) plus interest on that sum at the rate of (insert rate -- see § 8.01-465.22) percent a year or, at the option of the judgment debtor, the number of United States dollars which will purchase the (insert name of foreign money) with interest due, at a bank-offered spot rate at or near the close of business on the banking day next before the day of payment, together with assessed costs of (insert amount) United States dollars.]","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":274247,"text":"A judgment or award on a foreign-money claim is payable in that foreign money or, at the option of the debtor, in the amount of United States dollars which will purchase that foreign money on the conversion date at a bank-offered spot rate.\n\t\t\tEach payment in United States dollars must be accepted and credited on a judgment or award on a foreign-money claim in the amount of the foreign money that could be purchased by the dollars at a bank-offered spot rate of exchange at or near the close of business on the conversion date for that payment.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":274248,"text":"A judgment or award made in an action or distribution proceeding on both a defense, setoff, recoupment, or counterclaim and the adverse party’s claim, must be netted by converting the money of the smaller into the money of the larger, and by subtracting the smaller from the larger, and shall specify the rates of exchange used.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":274249,"text":"If a contract claim is of the type covered by § 8.01-465.18 A or B, the judgment or award must be entered for the amount of money stated to measure the obligation to be paid in the money specified for payment or, at the option of the debtor, the number of United States dollars which will purchase the computed amount of the money of payment on the conversion date at a bank-offered spot rate.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":274250,"text":"A judgment shall be docketed and indexed in foreign money in the same manner, and has the same effect as a lien, as other judgments. It may be discharged by payment.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":15549,"edition_id":1,"name":"Uniform Foreign-Money Claims Act","identifier":"17.3","label":"chapter","depth":2,"order_by":1,"parent_id":12747,"metadata":{},"date_created":"2026-06-26 03:56:13","date_modified":"2026-06-26 03:56:13","permalink":{"id":278013,"object_type":"structure","relational_id":15549,"identifier":"17.3","token":"8.01\/17.3","url":"\/8.01\/17.3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12747,"edition_id":1,"name":"Civil Remedies and Procedure","identifier":"8.01","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":277029,"object_type":"structure","relational_id":12747,"identifier":"8.01","token":"8.01","url":"\/8.01\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":73220,"structure_id":15549,"section_number":"8.01-465.14","catch_line":"Definitions","url":"\/8.01-465.14\/","token":"8.01\/17.3\/8.01-465.14","metadata":false},{"id":68474,"structure_id":15549,"section_number":"8.01-465.15","catch_line":"Scope","url":"\/8.01-465.15\/","token":"8.01\/17.3\/8.01-465.15","metadata":false},{"id":67562,"structure_id":15549,"section_number":"8.01-465.16","catch_line":"Variation by agreement","url":"\/8.01-465.16\/","token":"8.01\/17.3\/8.01-465.16","metadata":false},{"id":59309,"structure_id":15549,"section_number":"8.01-465.17","catch_line":"Determining money of the claim","url":"\/8.01-465.17\/","token":"8.01\/17.3\/8.01-465.17","metadata":false},{"id":64360,"structure_id":15549,"section_number":"8.01-465.18","catch_line":"Determining amount of the money of certain contract claims","url":"\/8.01-465.18\/","token":"8.01\/17.3\/8.01-465.18","metadata":false},{"id":84534,"structure_id":15549,"section_number":"8.01-465.19","catch_line":"Asserting and defending foreign-money claim","url":"\/8.01-465.19\/","token":"8.01\/17.3\/8.01-465.19","metadata":false},{"id":76398,"structure_id":15549,"section_number":"8.01-465.20","catch_line":"Judgments and awards on foreign-money claims; times of money conversion; form of judgment","url":"\/8.01-465.20\/","token":"8.01\/17.3\/8.01-465.20","metadata":false},{"id":61984,"structure_id":15549,"section_number":"8.01-465.21","catch_line":"Conversions of foreign money in distribution proceeding","url":"\/8.01-465.21\/","token":"8.01\/17.3\/8.01-465.21","metadata":false},{"id":69272,"structure_id":15549,"section_number":"8.01-465.22","catch_line":"Prejudgment and judgment interest","url":"\/8.01-465.22\/","token":"8.01\/17.3\/8.01-465.22","metadata":false},{"id":63640,"structure_id":15549,"section_number":"8.01-465.23","catch_line":"Enforcement of foreign judgments","url":"\/8.01-465.23\/","token":"8.01\/17.3\/8.01-465.23","metadata":false},{"id":68655,"structure_id":15549,"section_number":"8.01-465.24","catch_line":"Determining United States dollar value of foreign-money claims for limited purposes","url":"\/8.01-465.24\/","token":"8.01\/17.3\/8.01-465.24","metadata":false},{"id":81957,"structure_id":15549,"section_number":"8.01-465.25","catch_line":"Effect of substitution of currency by issuing authority","url":"\/8.01-465.25\/","token":"8.01\/17.3\/8.01-465.25","metadata":false}],"previous_section":{"id":84534,"structure_id":15549,"section_number":"8.01-465.19","catch_line":"Asserting and defending foreign-money claim","url":"\/8.01-465.19\/","token":"8.01\/17.3\/8.01-465.19","metadata":false},"next_section":{"id":61984,"structure_id":15549,"section_number":"8.01-465.21","catch_line":"Conversions of foreign money in distribution proceeding","url":"\/8.01-465.21\/","token":"8.01\/17.3\/8.01-465.21","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.01-465.20\/","history_text":"

This law was first created in 1991. The record of its establishment is cataloged in chapter 24 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 1991 \u201cActs\u201d aren\u2019t available online.<\/p>","references":[{"id":63640,"section_number":"8.01-465.23","catch_line":"Enforcement of foreign judgments","order_by":null,"url":"\/8.01-465.23\/"}],"refers_to":[{"id":64360,"section_number":"8.01-465.18","catch_line":"Determining amount of the money of certain contract claims","order_by":null,"url":"\/8.01-465.18\/"},{"id":69272,"section_number":"8.01-465.22","catch_line":"Prejudgment and judgment interest","order_by":null,"url":"\/8.01-465.22\/"}],"permalink":{"id":278039,"object_type":"law","relational_id":76398,"identifier":"8.01-465.20","token":"8.01\/17.3\/8.01-465.20","url":"\/8.01-465.20\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.01-465.20\/","token":"8.01\/17.3\/8.01-465.20","dublin_core":{"Title":"Judgments and awards on foreign-money claims; times of money conversion; form of judgment","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.01-465.20","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A judgment or award on a foreign-money claim<\/span> must be stated in an amount of the money of the claim<\/span>. However, assessed costs must be entered in United States<\/span> dollars. A judgment in substantially the following form complies with this subsection: [IT IS ADJUDGED AND ORDERED, that Defendant<\/span> (insert name) pay to Plaintiff<\/span> (insert name) the sum of (insert amount in the foreign money<\/span>) plus interest on that sum at the rate of (insert rate -- see § 8.01-465.22<\/a>) percent a year or, at the option of the judgment debtor<\/span>, the number of United States<\/span> dollars which will purchase the (insert name of foreign money<\/span>) with interest due, at a bank-offered spot rate<\/span> at or near the close of business on the banking day next before the day of payment, together with assessed costs of (insert amount) United States<\/span> dollars.] <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A judgment or award on a foreign-money claim<\/span> is payable in that foreign money<\/span> or, at the option of the debtor, in the amount of United States<\/span> dollars which will purchase that foreign money<\/span> on the conversion date<\/span> at a bank-offered spot rate<\/span>.\n\t\t\tEach payment in United States<\/span> dollars must be accepted and credited on a judgment or award on a foreign-money claim<\/span> in the amount of the foreign money<\/span> that could be purchased by the dollars at a bank-offered spot rate<\/span> of exchange at or near the close of business on the conversion date<\/span> for that payment. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> A judgment or award made in an action<\/span> or distribution proceeding<\/span> on both a defense, setoff, recoupment, or counterclaim<\/span> and the adverse party<\/span>’s claim, must be netted by converting the money of the smaller into the money of the larger, and by subtracting the smaller from the larger, and shall specify the rates of exchange used. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> If a contract<\/span> claim is of the type covered by § 8.01-465.18<\/a> A or B, the judgment or award must be entered for the amount of money stated to measure the obligation to be paid in the money specified for payment or, at the option of the debtor, the number of United States<\/span> dollars which will purchase the computed amount of the money of payment on the conversion date<\/span> at a bank-offered spot rate<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> A judgment shall be docketed and indexed in foreign money<\/span> in the same manner, and has the same effect as a lien<\/span>, as other judgments<\/span>. It may be discharged by payment. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nJUDGMENTS AND AWARDS ON FOREIGN-MONEY CLAIMS; TIMES OF MONEY CONVERSION; FORM OF\nJUDGMENT (\u00a7 8.01-465.20)\n\nA. A judgment or award on a foreign-money claim must be stated in an amount of\nthe money of the claim. However, assessed costs must be entered in United States\ndollars. A judgment in substantially the following form complies with this\nsubsection: [IT IS ADJUDGED AND ORDERED, that Defendant (insert name) pay to\nPlaintiff (insert name) the sum of (insert amount in the foreign money) plus\ninterest on that sum at the rate of (insert rate -- see § 8.01-465.22)\npercent a year or, at the option of the judgment debtor, the number of United\nStates dollars which will purchase the (insert name of foreign money) with\ninterest due, at a bank-offered spot rate at or near the close of business on\nthe banking day next before the day of payment, together with assessed costs of\n(insert amount) United States dollars.]\n\nB. A judgment or award on a foreign-money claim is payable in that foreign money\nor, at the option of the debtor, in the amount of United States dollars which\nwill purchase that foreign money on the conversion date at a bank-offered spot\nrate.\n\t\t\tEach payment in United States dollars must be accepted and credited on a\njudgment or award on a foreign-money claim in the amount of the foreign money\nthat could be purchased by the dollars at a bank-offered spot rate of exchange\nat or near the close of business on the conversion date for that payment.\n\nC. A judgment or award made in an action or distribution proceeding on both a\ndefense, setoff, recoupment, or counterclaim and the adverse party’s\nclaim, must be netted by converting the money of the smaller into the money of\nthe larger, and by subtracting the smaller from the larger, and shall specify\nthe rates of exchange used.\n\nD. If a contract claim is of the type covered by § 8.01-465.18 A or B, the\njudgment or award must be entered for the amount of money stated to measure the\nobligation to be paid in the money specified for payment or, at the option of\nthe debtor, the number of United States dollars which will purchase the computed\namount of the money of payment on the conversion date at a bank-offered spot\nrate.\n\nE. A judgment shall be docketed and indexed in foreign money in the same manner,\nand has the same effect as a lien, as other judgments. It may be discharged by\npayment.\n\nHISTORY: 1991, c. 24.","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}}