State by State Resources

State Collection Law Summary Compiled by CLLA Staff

V-W

VERMONT

Interest Rate
Legal: 12%
Judgment: 12%

Statute of Limitations
Retail Installment Contracts: 3
Witnessed Promissory Note: 14
Open Acct: 6
Written Contract: 6
Domestic Judgment: 8
Foreign Judgment: 8

VIRGINIA

Interest Rate
Legal: 8%
Judgment: 9% or contract rate, whichever is higher

Statute of Limitations
Open Acct: 3 last charge or payment
Written Contract: 5
Domestic Judgment: 20
Foreign Judgment: 20
Sales of Goods Under Article 2: 4 years

WASHINGTON

Interest Rate
Legal: 12%
Judgment: 12%

Statute of Limitations
Open Acct: 6
Written Contract: 6
Domestic Judgment: 10(renewable)
Foreign Judgment: 10(renewable)

WEST VIRGINIA

Interest Rate
Legal: 6% (Contract rate prevails.
Contract rate can vary between 18%
and 31% max) Judgment: 10%

Statute of Limitations
Open Acct: 5
Written Contract: 10
Domestic Judgment: 10
Foreign Judgment: 10

WYOMING

Interest Rate
Legal: 7%
Judgment: Contract rate or 10% judgment rate

Statute of Limitations
Open Acct: 8
Written Contract: 10
Judgment: 21

* While every effort has been made to verify the accuracy of this information prior to publication, it is not intented as legal advice. It should not be used to replace the advice of legal counsel.