Current with changes from the 2024 legislative session through ch. 845
Section 6.2-302 - Judgment rate of interestA. The judgment rate of interest shall be an annual rate of six percent, except that a money judgment entered in an action arising from a contract shall carry interest at the rate lawfully charged on such contract, or at six percent annually, whichever is higher.B. If the contract or other instrument does not fix an interest rate, the court shall apply the judgment rate of six percent to calculate prejudgment interest pursuant to § 8.01-382 and to calculate post-judgment interest.C. The rate of interest for a judgment shall be the judgment rate of interest in effect at the time of entry of the judgment on any amounts for which judgment is entered and shall not be affected by any subsequent changes to the rate of interest stated in this section.1987, cc. 622, 623, 630, § 6.1-330.54; 1991, c. 508; 2004, c. 646; 2005, c. 455; 2010, cc. 550, 794.Amended by Acts 2010, § cc. 550, 794.Amended by Acts 2005, § c. 455.Amended by Acts 2004, § c. 646.Amended by Acts 1991, § c. 508.Amended by Acts 1987, § cc. 622, 623, 630, § 6.1-330.54.