Sell My Structured Settlement in Virginia

Virginia Law for Selling a Structured Settlement

Statute and Bill: Va. Code Ann. §§ 59.1-475–477

Enacted: March 23, 2001 Effective: July 01, 2001

Permits the sale or assignment of Virginia structured settlement payment rights, subject to a court’s review and approval based on showing that the proposed transfer is in the consumer’s "best interests," taking into account the welfare of the consumer’s dependents (if any). Requires certain disclosures and other consumer protections.