CODE OF VIRGINIA

MORTGAGE PARTICIPATIONS (§ 38.2-1436)

Notwithstanding the provisions of §§ 13.1-627 and 13.1-826, a domestic insurer
may acquire or sell participation interests in any loans secured by a mortgage
or deed of trust qualifying under § 38.2-1434 if the insurer has all or
substantially all the rights of a first mortgagee.

HISTORY: 1983, c. 457, § 38.1-217.39; 1986, c. 562.