Virginia § 11-4.3 - When acceleration of payment or repossession of consumer goods not allowed
Full text of Virginia Code of Virginia § 11-4.3 — When acceleration of payment or repossession of consumer goods not allowed, with citation guidance and answers to common questions.
§ 11-4.3. When acceleration of payment or repossession of consumer goods not allowed
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.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 11-4.3
What does Code of Virginia § 11-4.3 cover?
Section 11-4.3 ("When acceleration of payment or repossession of consumer goods not allowed") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 11-4.3?
A common citation format is "Code of Virginia § 11-4.3" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 11-4.3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.