§ 8.01-433.1 Notice of confession of judgment provision

Codes > Code of Virginia > Title 8.01 > Chapter 17 : Article 2 > 8.01-433.1 Notice

§ 8.01-433.1. Notice of confession of judgment provision

    No judgment shall be confessed upon a note, bond, or other evidence of debt pursuant to a confession of judgment provision contained therein which does not contain a statement typed in boldface print of not less than eight point type on its face:

                                                                           IMPORTANT NOTICE

    THIS INSTRUMENT CONTAINS A CONFESSION OF JUDGMENT PROVISION WHICH CONSTITUTES A WAIVER OF
IMPORTANT RIGHTS YOU MAY HAVE AS A DEBTOR AND ALLOWS THE CREDITOR TO OBTAIN A JUDGMENT
AGAINST YOU WITHOUT ANY FURTHER NOTICE.

    This section shall only apply to notes, bonds, or other evidences of debt containing confession of judgment provisions entered into after January 1, 1993.