Loans of $5,000 or more for business or investment purposes
Va. Code Ann. § 6.2-317
in effectA. For purposes of this section:
1. A loan shall be deemed to be for business or investment purposes if it is not for personal, family, or household purposes; and
2. Personal, family, or household purposes do not include a passive or active investment.
B. No person shall, by way of defense or otherwise, avail himself of the provisions of this chapter, or any other statutory or case law relating to usury or compounding of interest, to avoid or defeat the payment of interest, or any other sum, in connection with a loan made to a person for business or investment purposes, if the initial amount of the loan is $5,000 or more.
1987, c. 622, § 6.1-330.75; 2010, c. 794 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/6.2-317/Fetched: 10/17/2026