The SRIS Law Group defends clients charged with reckless driving regularly before the different traffic courts in Virginia.
Two of most regularly charged reckless driving offenses in Virginia are reckless driving by speed and reckless driving general.
Please seriously consider calling our firm if you have been charged with reckless driving in Virginia. We have client meeting locations in Fairfax, Richmond, Loudoun, Lynchburg, Fredericksburg, Prince William and Virginia Beach.
Fairfax Traffic Tickets
Virginia 46.2-862 Reckless Driving Statute
§ 46.2-862. Exceeding speed limit.
A person shall be guilty of reckless driving who drives a motor vehicle on the highways in the Commonwealth (i) at a speed of twenty miles per hour or more in excess of the applicable maximum speed limit or (ii) in excess of eighty miles per hour regardless of the applicable maximum speed limit.
Virginia 46.2-852 Reckless Driving Statute
§ 46.2-852. Reckless driving; general rule.
Irrespective of the maximum speeds permitted by law, any person who drives a vehicle on any highway recklessly or at a speed or in a manner so as to endanger the life, limb, or property of any person shall be guilty of reckless driving.
Virginia 46.2-865 Reckless Driving Statute
46.2-865. Racing; penalty.
Any person who engages in a race between two or more motor vehicles on the highways in the Commonwealth or on any driveway or premises of a church, school, recreational facility, or business property open to the public in the Commonwealth shall be guilty of reckless driving, unless authorized by the owner of the property or his agent. When any person is convicted of reckless driving under this section, in addition to any other penalties provided by law the driver’s license of such person shall be suspended by the court for a period of not less than six months nor more than two years. In case of conviction the court shall order the surrender of the license to the court where it shall be disposed of in accordance with the provisions of § 46.2-398.
Most people are shocked that if you do donuts in a parking lot, you can be charged with reckless driving in Virginia. If you spin your tires, you can be charged with reckless driving in Virginia. Keep in mind that in Virginia, reckless driving is not a traffic offense. It is a criminal offense. Virginia has some of the strictest driving laws in the entire country. Be very careful about violating the different Virginia driving laws.
Talk to an experienced reckless driving lawyer who has gone before the different county traffic courts and knows how the different county traffic courts rule on reckless driving offenses.
Our Virginia traffic lawyers can and will do their best to help you. We are a simple phone call away.
As an added bonus, the following is a federal statute you might find relevant.
(i) With prior written approval from the Federal Reserve, a bank holding company may include the effect of a collateral agreement within its internal model used to calculate EAD. The bank holding company may set EAD equal to the expected exposure at the end of the margin period of risk. The margin period of risk means, with respect to a netting set subject to a collateral agreement, the time period from the most recent exchange of collateral with a counterparty until the next required exchange of collateral plus the period of time required to sell and realize the proceeds of the least liquid collateral that can be delivered under the terms of the collateral agreement and, where applicable, the period of time required to re-hedge the resulting market risk, upon the default of the counterparty. The minimum margin period of risk is five business days for repo-style transactions and ten business days for other transactions when liquid financial collateral is posted under a daily margin maintenance requirement. This period should be extended to cover any additional time between margin calls; any potential closeout difficulties; any delays in selling collateral, particularly if the collateral is illiquid; and any impediments to prompt re-hedging of any market risk.
(ii) A bank holding company that can model EPE without collateral agreements but cannot achieve the higher level of modeling sophistication to model EPE with collateral agreements can set effective EPE for a collateralized netting set equal to the lesser of:
(A) The threshold, defined as the exposure amount at which the counterparty is required to post collateral under the collateral agreement, if the threshold is positive, plus an add-on that reflects the potential increase in exposure of the netting set over the margin period of risk. The add-on is computed as the expected increase in the netting set’s exposure beginning from current exposure of zero over the margin period of risk. The margin period of risk must be at least five business days for netting sets consisting only of repo-style transactions subject to daily re-margining and daily marking-to-market, and ten business days for all other netting sets; or
(B) Effective EPE without a collateral agreement.
(6) Own estimate of alpha. With prior written approval of the Federal Reserve, a bank holding company may calculate alpha as the ratio of economic capital from a full simulation of counterparty exposure across counterparties that incorporates a joint simulation of market and credit risk factors (numerator) and economic capital based on EPE (denominator), subject to a floor of 1.2. For purposes of this calculation, economic capital is the unexpected losses for all counterparty credit risks measured at a 99.9 percent confidence level over a one-year horizon. To receive approval, the bank holding company must meet the following minimum standards to the satisfaction of the Federal Reserve:
(i) The bank holding company’s own estimate of alpha must capture in the numerator the effects of:
(A) The material sources of stochastic dependency of distributions of market values of transactions or portfolios of transactions across counterparties;
(B) Volatilities and correlations of market risk factors used in the joint simulation, which must be related to the credit risk factor used in the simulation to reflect potential increases in volatility or correlation in an economic downturn, where appropriate; and
(C) The granularity of exposures (that is, the effect of a concentration in the proportion of each counterparty’s exposure that is driven by a particular risk factor).
(ii) The bank holding company must assess the potential model uncertainty in its estimates of alpha.
Our law firm assist clients in VA MD MA.
When a client is faced with a serious legal issue in Virginia, Maryland or Massachusetts, then they should serious consider calling the SRIS Law Group.
Our attorneys assist clients with the following types of legal issues:
We have client meeting locations in Virginia, Maryland & Massachusetts.
Fairfax Traffic Tickets
Our Fairfax County Criminal Lawyer attorneys and staff speak following languages Tamil, Hindi, Telugu, Mandarin and Spanish.
Due to our experience in defending clients charged with the above types of legal issues, we routinely appear before the courts in Virginia, Maryland & Massachusetts.
Our attorneys are also licensed to appear in the federal district courts of Virginia, Maryland & Massachusetts.
If you need help with certain types of federal cases, please feel free to call us and discuss your legal issue with us.