<?xml version="1.0"?>
<law><law_id>786242</law_id><section_number>6.2-2401</section_number><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><edition url="https://vacode.org/2016/" id="11" last_updated="2016-07-24" current="TRUE">2016</edition><structure><unit level="1" identifier="6.2" url="https://vacode.org/2016/6.2/">Financial Institutions And Services</unit><unit level="2" identifier="IV" url="https://vacode.org/2016/6.2/IV/">Other Financial Activities</unit><unit level="3" identifier="24" url="https://vacode.org/2016/6.2/IV/24/">Securitization Transactions</unit></structure><catch_line>Securitization transactions; no interest retained by transferor</catch_line><history>2004, c. 600, &#xA7; 6.1-473; 2010, c. 794.</history><order_by/><metadata/><court_decisions/><official_url>http://law.lis.virginia.gov/vacode/6.2-2401/</official_url><refers_to/><url>/6.2-2401/</url><token>6.2/IV/24/6.2-2401</token><referred_to_by/><text><section id="2536161" prefix=""><text>Notwithstanding any other provision of law, including &#xA7; 8.9A-623, to the extent set forth in the transaction documents relating to a securitization transaction:</text><type>section</type><prefixes><section/></prefixes><entire_prefix/><prefix_anchor/><level>1</level></section><section id="2536162" prefix="1"><text> Any property, assets, or rights purported to be transferred, in whole or in part, in the securitization transaction shall be deemed to no longer be the property, assets, or rights of the transferor;</text><type>section</type><prefixes><section/><section>1</section></prefixes><entire_prefix>1</entire_prefix><prefix_anchor>1</prefix_anchor><level>2</level></section><section id="2536163" prefix="2"><text/><type>section</type><prefixes><section/><section>2</section></prefixes><entire_prefix>2</entire_prefix><prefix_anchor>2</prefix_anchor><level>2</level></section><section id="2536164" prefix="3"><text/><type>section</type><prefixes><section/><section>3</section></prefixes><entire_prefix>3</entire_prefix><prefix_anchor>3</prefix_anchor><level>2</level></section></text></law>
