2006 Code of Virginia § 11-4.3 - When acceleration of payment or repossession of consumer goods not allowed
11-4.3. When acceleration of payment or repossession of consumer goods notallowed.
Notwithstanding any provisions in a contract, other evidence of indebtednessor security agreement arising from a sale or financing of consumer goods asdefined in 8.9A-102 of this Code, no acceleration of payment orrepossession on account of late payment or nonpayment of an installment shallbe permitted if payment, together with any late payment penalty permittedunder 6.1-330.80, is made within ten days of the date on which theinstallment was due.
(1974, c. 572.)
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