CODE OF VIRGINIA

PREPAYMENT PENALTY FOR LOAN SECURED BY HOME OCCUPIED BY BORROWER (§ 6.2-422)

The prepayment penalty in the case of a loan secured by a mortgage or deed of
trust on a home that is occupied or to be occupied in whole or in part by a
borrower shall not exceed two percent of the amount of such prepayment.

HISTORY: 1987, c. 622, § 6.1-330.83; 2010, c. 794.