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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>73299</law_id><section_number>6.2-1522</section_number><catch_line>Other limitations on interest</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="6.2">Financial Institutions and Services</unit><unit label="subtitle" level="2" order_by="1" identifier="III">Other Regulated Providers of Financial Services</unit><unit label="chapter" level="3" order_by="1" identifier="15">Consumer Finance Companies</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Any loan made under the provisions of this chapter that is properly scheduled in a <span class="dictionary">bankruptcy</span> proceeding shall bear interest against any <span class="dictionary">party</span> to the loan from 90 days after the date of adjudication, whether there is an ultimate discharge or an extension, if any interest is allowable at all, at six percent per year. This limitation shall not apply (i) to a comaker not currently in <span class="dictionary">bankruptcy</span> when the bankrupt is not entitled to a discharge, or (ii) if the particular obligation is not dischargeable under the provisions of Title 11 of the United States Code. <a id="paragraph-263777" class="section-permalink" href="https://vacode.org/6.2-1522/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> After 90 days from the date of the death of the borrower, no other charges than interest at six percent per year shall be computed or collected from any <span class="dictionary">party</span> to the loan upon the unpaid <span class="dictionary">principal</span> balance of the loan. <a id="paragraph-263778" class="section-permalink" href="https://vacode.org/6.2-1522/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> For the period beginning six months after the date of maturity, as originally scheduled or as deferred in the event of deferment, of any loan <span class="dictionary">contract</span> under the provisions of this chapter, no further charges than interest at six percent per year shall be computed or collected from any <span class="dictionary">party</span> to the loan upon the unpaid balance of the loan. <a id="paragraph-263779" class="section-permalink" href="https://vacode.org/6.2-1522/#C"><i class="fa fa-link"/></a></p></section></text><history>Code 1950, &#xA7;&#xA7; 6-304, 6-305, 6-306; 1966, c. 584, &#xA7;&#xA7; 6.1-274, 6.1-275, 6.1-276; 1968, c. 489; 1987, c. 410; 2010, c. 794.</history><metadata></metadata></law>
