Any borrower may plead in general terms that the contract on which the action is brought was for the payment of interest greater than is allowed by statute. If the court determines that the contract is usurious, judgment shall be rendered only for the principal sum.
Va. Code Ann. § 6.2-304
Plea of usury; judgment
Applied in 2 court decisions — leading case Jarry v. Allied Cash Advance Virginia, L.L.C. (2016)
Most recently applied in Taylor v. Allied Title Lending, LLC (In re Taylor) (November 2018)
1987, c. 622, § 6.1-330.56; 2010, c. 794.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.