GroundRules
Va. Code § 6.2-422: Prepayment penalty for loan secured by home occupied by borrower
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
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.1987, c. 622, § 6.1-330.83; 2010, c. 794.
Collected 2026-09-04T15:12:34Z. Source file · JSON