                                 CODE OF VIRGINIA

JUDGMENT RATE OF INTEREST (§ 6.2-302)

A. The judgment rate of interest shall be an annual rate of six percent, except
that a money judgment entered in an action arising from a contract shall carry
interest at the rate lawfully charged on such contract, or at six percent
annually, whichever is higher.

B. If the contract or other instrument does not fix an interest rate, the court
shall apply the judgment rate of six percent to calculate prejudgment interest
pursuant to &#xA7; 8.01-382 and to calculate post-judgment interest.

C. The rate of interest for a judgment shall be the judgment rate of interest in
effect at the time of entry of the judgment on any amounts for which judgment is
entered and shall not be affected by any subsequent changes to the rate of
interest stated in this section.

HISTORY: 1987, cc. 622, 623, 630, § 6.1-330.54; 1991, c. 508; 2004, c. 646;
2005, c. 455; 2010, cc. 550, 794.