Virginia Statutes
§ 6.2-317 — Loans of $5,000 or more for business or investment purposes
Virginia § 6.2-317
JurisdictionVirginia
Title 6.2FINANCIAL INSTITUTIONS AND SERVICES
Subtitle IGENERAL PROVISIONS
Ch. 3INTEREST AND USURY
Art. 4LOANS EXEMPT FROM LIMIT ON CONTRACT RATE OF INTEREST
This text of Virginia § 6.2-317 (Loans of $5,000 or more for business or investment purposes) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 6.2-317 (2026).
Text
A.For purposes of this section:
1.A loan shall be deemed to be for business or investment purposes if it is not for personal, family, or household purposes; and
2.Personal, family, or household purposes do not include a passive or active investment.
B.No person shall, by way of defense or otherwise, avail himself of the provisions of this chapter, or any other statutory or case law relating to usury or compounding of interest, to avoid or defeat the payment of interest, or any other sum, in connection with a loan made to a person for business or investment purposes, if the initial amount of the loan is $5,000 or more.
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Legislative History
1987, c. 622, § 6.1-330.75; 2010, c. 794.
Nearby Sections
15
§ 6.2-100
Definitions§ 6.2-1000
Definitions§ 6.2-1002
Powers of trust institutions§ 6.2-1005
Deposit or other use of trust funds§ 6.2-1007
Investment of trust funds§ 6.2-1008
Dealings with self or affiliates§ 6.2-101
Confidentiality of informationCite This Page — Counsel Stack
Bluebook (online)
Virginia § 6.2-317, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/6.2-317.