Investments and Loans

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This is Article 9 of the Code of Virginia, titled “Investments and Loans.” It is part of Chapter 8 “Banks”, which is part of Subtitle II “Depository Institutions and Trust Organizations”, which is part of Title 6.2 “Financial Institutions and Services”.

It’s comprised of the following 19 sections.

§ 6.2-870	Limitation of amount invested in bank premises
§ 6.2-871	Investment in stock or securities of bank service corporations
§ 6.2-872	For what purpose banks may purchase, hold, and convey real estate
§ 6.2-873	Additional permissible investments in real estate
§ 6.2-874	Prohibited uses of bank's own stock; other investments or loans
§ 6.2-875	Limitations on obligations of borrowers
§ 6.2-876	Loans to executive officers or directors
§ 6.2-877	Overdrafts by bank officer or director
§ 6.2-878	Loans secured by real estate generally
§ 6.2-879	Certain loans not considered loans secured by real estate
§ 6.2-880	Construction loans
§ 6.2-881	Investment in reverse annuity mortgages
§ 6.2-882	Bank borrowing money or rediscounting its notes
§ 6.2-883	Acceptance of drafts or bills of exchange; issuance of letters of credit
§ 6.2-884	Ownership and lease of personal property
§ 6.2-885	Investment in stock or securities of controlled subsidiary corporations
§ 6.2-886	Regulation of controlled subsidiary corporations by Commission
§ 6.2-887	Insurance business of controlled subsidiary
§ 6.2-888	Real estate brokerage business of controlled subsidiary