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