§ 8.01-382.Verdict, judgment or decree to fix period at which interest begins; final order; judgment or decree for interest.
Chapter 13. Certain Incidents of Trial · Last amended 2009 · Last verified July 16, 2026
Full Text of § 8.01-382
Plain-English Summary
Money owed today is worth more than the same amount owed years from now, so Virginia law makes sure a judgment carries interest rather than sitting frozen at its original value while an appeal or collection effort drags on. Section 8.01-382 lets the jury’s verdict, or the court’s final order, judgment, or decree — including one issued in an Administrative Process Act proceeding — set exactly when interest on the principal sum starts running, and the interest continues until that principal is paid.
Not every verdict or judgment addresses interest directly, so the section supplies a default. If the final order, judgment, or decree does not provide for interest, it bears interest anyway, at the judgment rate set out in § 6.2-302, running from the date of entry or, for a jury verdict, from the date the verdict was rendered. Nobody has to remember to ask for interest — the statute attaches it automatically when the decisionmaker stays silent on the subject.
Negotiable instruments get their own rule layered on top. A judgment entered for a sum due under a negotiable instrument follows § 8.3A-112 and bears interest at the rate the instrument itself specifies; only if the instrument does not specify a rate does the judgment fall back to the general judgment rate in § 6.2-302. The section closes with a practical note for administrative proceedings: once an agency head or designee certifies a final order, it can be recorded, enforced, and satisfied just like a circuit court order or decree.
Frequently Asked Questions
Who decides when interest on an awarded sum begins to run?
The final order, jury verdict, or — if there is no jury — the judgment or decree of the court may provide for interest on the principal sum and fix the period at which the interest commences.
What happens if a judgment does not mention interest at all?
It still bears interest, at the judgment rate of interest provided in § 6.2-302, running from its date of entry or from the date the jury verdict was rendered.
How is interest calculated on a judgment for a negotiable instrument?
The judgment provides for interest on the principal sum under § 8.3A-112 at the rate specified in the instrument; if the instrument specifies no rate, interest is at the judgment rate provided in § 6.2-302.
Does this section apply to administrative proceedings?
Yes. It applies to any Administrative Process Act action, and final orders may be recorded, enforced, and satisfied as circuit court orders or decrees once certified by the agency head or a designee.
Until when does interest continue to run on a judgment?
The final order, judgment, or decree shall provide for interest until the principal sum is paid.
Amendment History
Code 1950, § 8-223; 1964, c. 219; 1974, c. 172; 1975, c. 448; 1977, c. 617; 1979, c. 501; 1997, c. 551; 2004, c. 646; 2008, c. 219; 2009, c. 797.