Code of Virginia (Last Updated:July 28, 2020) |
TITLE 6.2. Financial Institutions and Services |
SUBTITLE I. General Provisions |
CHAPTER 4. Certain Lending Practices |
ARTICLE 2. Loans Secured By Lien on Real Estate |
SECTION 6.2-406. Disclosure of terms of mortgage application |
SECTION 6.2-407. Lenders to furnish borrower with copy of appraisal |
SECTION 6.2-408. Priority of interest on debts secured by mortgage or deed of trust |
SECTION 6.2-409. Addition of unpaid interest to principal balance |
SECTION 6.2-410. Borrowers not to be required to employ particular professionals |
SECTION 6.2-411. Requirements relating to insurance |
SECTION 6.2-412. Insurance coverage under certain loans not to exceed replacement value of improvements |
SECTION 6.2-413. Obligation of lender to reimburse unused mortgage guaranty insurance premiums |
SECTION 6.2-414. Obligation of person maintaining escrow account to pay taxes and insurance; penalties |
SECTION 6.2-415. Lender not to cancel insurance policy at time of refinancing under certain circumstances |
SECTION 6.2-416. Certain mortgages not to prohibit further encumbrance of real property |
SECTION 6.2-417. Mortgage or deed of trust to contain notice that debt is subject to call or modification on conveyance of property |
SECTION 6.2-418. Property owner entitled to written statement of payoff amount |
SECTION 6.2-419. Disclosure of terms of assumption |
SECTION 6.2-420. Prepayment penalty not to be collected in certain circumstances |
SECTION 6.2-421. Certain contracts to permit prepayment; amount of prepayment penalty |
SECTION 6.2-422. Prepayment penalty for loan secured by home occupied by borrower |
SECTION 6.2-423. Prepayment of loans secured by certain subordinate mortgages or deeds of trust; rebates for unearned interest |