Virginia § 8.01-465.22 - Prejudgment and judgment interest
Full text of Virginia Code of Virginia § 8.01-465.22 — Prejudgment and judgment interest, with citation guidance and answers to common questions.
§ 8.01-465.22. Prejudgment and judgment interest
With respect to a foreign-money claim, recovery of prejudgment or preaward interest and the rate of interest to be applied in the action or distribution proceeding are matters of the substantive law governing the right to recovery under the conflict-of-laws rules of the Commonwealth.
However, the court or arbitrator shall increase or decrease the amount of prejudgment or preaward interest otherwise payable in a judgment or award in foreign money to the extent required by the law of the Commonwealth.
A judgment or award on a foreign-money claim bears interest at the rate applicable to judgments of the Commonwealth.
1991, c. 24.
Frequently Asked Questions About Virginia § 8.01-465.22
What does Code of Virginia § 8.01-465.22 cover?
Section 8.01-465.22 ("Prejudgment and judgment interest") 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 § 8.01-465.22?
A common citation format is "Code of Virginia § 8.01-465.22" (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 § 8.01-465.22 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.