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Developed and maintained by the Division of Legislative Automated Systems.
1996 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 8.01-27.1 of the Code of Virginia is amended and reenacted as follows:
§ 8.01-27.1. Additional recovery in certain civil actions concerning checks.
A. In any civil claim or action made or brought against the drawer of a check,
draft or order, payment of which has been refused by the drawee depository
because of lack of funds in or credit with such drawee depository, the holder
or his agent shall be entitled to claim, in addition to the face amount of the
check (i) legal interest from the date of the check, (ii) the protest or bad
check return fee, if any, charged to the holder by his bank or other
depository, and (iii) a processing charge of twenty twenty-five
dollars.
B. Any holder of a check, draft or order, payment of which has been refused by
the drawee for insufficient funds or credit, who charges the drawer amounts in
excess of those authorized in subsection A on account of payment being so
refused shall, upon demand, be liable to the drawer for the lesser of (i)
twenty twenty-five dollars plus the excess of the authorized
amount or (ii) twice the amount charged in excess of the authorized amount.