                                 CODE OF VIRGINIA

OTHER LIMITATIONS ON INTEREST (§ 6.2-1522)

A. Any loan made under the provisions of this chapter that is properly scheduled
in a bankruptcy proceeding shall bear interest against any party 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
bankruptcy 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.

B. 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
party to the loan upon the unpaid principal balance of the loan.

C. 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 contract under
the provisions of this chapter, no further charges than interest at six percent
per year shall be computed or collected from any party to the loan upon the
unpaid balance of the loan.

HISTORY: Code 1950, §§ 6-304, 6-305, 6-306; 1966, c. 584, §§ 6.1-274,
6.1-275, 6.1-276; 1968, c. 489; 1987, c. 410; 2010, c. 794.