Medical Debt Protection Act; created, prohibited practices, penalties.
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What it does
Official summary
Medical Debt Protection Act; prohibited practices; penalties. Creates the Medical Debt Protection Act to prohibit a large health care facility or medical debt buyer, as those terms are defined in the bill, from using certain extraordinary collection actions to collect medical debt or from charging interest or late fees on medical debt until 90 days following the due date applicable to the final invoice. The bill specifies that no such interest or late fees shall exceed three percent of the amount of such medical debt per annum.
More detail
The bill provides that a violation of its provisions constitutes a prohibited practice under the Virginia Consumer Protection Act. The bill has a delayed effective date of July 1, 2026.
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More on this bill
Where it stands
Introduced
Passed House
Passed Senate
To Governor
Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
May 2Acts of Assembly Chapter text (CHAP0692)Latest