Legal Question in Credit and Debt Law in Virginia

Usuary?

I am wondering if there is a limit on the amount a finance company can charge for a car loan in Va.? I borrowed $15,000.00, paying back $29,000.00. Are there laws against this excessive interest rate? Thank You


Asked on 1/27/02, 11:20 pm

1 Answer from Attorneys
Daniel Press Chung & Press, P.C.

Re: Usuary?

Generally, there are no usury limitations in Va.

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Answered on 1/27/02, 11:30 pm


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