Legal Question in Banking Law in Virginia
Confessed Judgement
Are confessed judgement notes still allowed in the State of Virginia?
Asked on 9/04/07, 11:21 am
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Re: Confessed Judgement
Yes, but generally not in consumer transactions. There are certain requirements that must be met as to form and type size. See a lawyer before entering into such an agreement.
Answered on 9/04/07, 4:20 pm
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