Loans Secured by Lien on Real Estate

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This is Article 2 of the Code of Virginia, titled “Loans Secured by Lien on Real Estate.” It is part of Chapter 4 “Certain Lending Practices”, which is part of Subtitle I “General Provisions”, which is part of Title 6.2 “Financial Institutions and Services”.

It’s comprised of the following 18 sections.

§ 6.2-406	Disclosure of terms of mortgage application
§ 6.2-407	Lenders to furnish borrower with copy of appraisal
§ 6.2-408	Priority of interest on debts secured by mortgage or deed of trust
§ 6.2-409	Addition of unpaid interest to principal balance
§ 6.2-410	Borrowers not to be required to employ particular professionals
§ 6.2-411	Requirements relating to insurance
§ 6.2-412	Insurance coverage under certain loans not to exceed replacement value of improvements
§ 6.2-413	Obligation of lender to reimburse unused mortgage guaranty insurance premiums
§ 6.2-414	Obligation of person maintaining escrow account to pay taxes and insurance; penalties
§ 6.2-415	Lender not to cancel insurance policy at time of refinancing under certain circumstances
§ 6.2-416	Certain mortgages not to prohibit further encumbrance of real property
§ 6.2-417	Mortgage or deed of trust to contain notice that debt is subject to call or modification on conveyance of property
§ 6.2-418	Property owner entitled to written statement of payoff amount
§ 6.2-419	Disclosure of terms of assumption
§ 6.2-420	Prepayment penalty not to be collected in certain circumstances
§ 6.2-421	Certain contracts to permit prepayment; amount of prepayment penalty
§ 6.2-422	Prepayment penalty for loan secured by home occupied by borrower
§ 6.2-423	Prepayment of loans secured by certain subordinate mortgages or deeds of trust; rebates for unearned interest