Va. Code § 6.2-416: Certain mortgages not to prohibit further encumbrance of real property
Where this section sits in the code
- Title 6.2. FINANCIAL INSTITUTIONS AND SERVICES
- Subtitle I. GENERAL PROVISIONS
- Chapter 4. CERTAIN LENDING PRACTICES
- Article 2. LOANS SECURED BY LIEN ON REAL ESTATE
Where any loan is secured by a mortgage or deed of trust on real property comprised of one- to four-family residential dwelling units, the note, or mortgage or deed of trust evidencing such loan shall in no way prohibit the further encumbrance of the real property.1975, c. 398, § 6.1-2.5; 2010, c. 794.
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