Notwithstanding any provisions in a contract, other evidence of indebtedness or security agreement arising from a sale or financing of consumer goods as defined in § 8.9A-102 of this Code, no acceleration of payment or repossession on account of late payment or nonpayment of an installment shall be permitted if payment, together with any late payment penalty permitted under § 6.2-400, is made within ten days of the date on which the installment was due.
1974, c. 572.
Structure Code of Virginia
Chapter 1 - General Provisions
§ 11-2. When written evidence required to maintain action
§ 11-2.01. Promise after bankruptcy must be in writing
§ 11-2.2. Unsolicited goods deemed gift to recipient
§ 11-2.4. Notice of possible filing of mechanics' lien required
§ 11-3. Sealed writings; writings not purporting to be sealed
§ 11-4. Sizes of type in printed contracts
§ 11-4.1. Certain indemnification provisions in construction contracts declared void
§ 11-4.1:1. Waiver of payment bond claims and contract claims; construction contracts
§ 11-4.3. When acceleration of payment or repossession of consumer goods not allowed
§ 11-4.5. Certain indemnification provisions in motor carrier transportation contracts declared void
§ 11-4.6. (Effective January 1, 2023) Liability of contractor for wages of subcontractor's employees
§ 11-7.1. Certain entities' authority to extend performance agreements