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. 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.

Statutes affected:
Introduced: 59.1-200
Labor and Commerce Substitute: 59.1-200
Labor and Commerce Subcommittee Substitute : 59.1-200
Commerce and Labor Substitute: 59.1-200
Enrolled: 59.1-200
Governor Substitute: 59.1-200