{"data":{"id":"us-va/va.-code-38.2-1438","jurisdiction":"us-va","citation":"Va. Code § 38.2-1438","heading":"Renewals and extensions when value of property decreases","body":"Nothing in this chapter shall prohibit a domestic insurer from renewing or extending, or consenting to the renewal or extension of, evidences of indebtedness secured by real property or leasehold estates for the original or a lesser amount when a decrease in value of the property or estate causes the indebtedness to exceed the applicable loan-to-value ratio specified by § 38.2-1437. Nothing in this chapter shall prohibit a domestic insurer from accepting as part payment for any real property or leasehold estate sold by it, a mortgage or other lien on the real property or leasehold estate securing a loan that exceeds the applicable loan-to-value ratio specified in § 38.2-1437.1983, c. 457, § 38.1-217.41; 1986, c. 562.","path":["Title 38.2. INSURANCE","Chapter 14. INVESTMENTS","Article 2. CATEGORY 1 INVESTMENTS"],"source_url":"https://law.lis.virginia.gov/vacode/38.2-1438/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:16:05Z","sha256":"fa862e0f5e0e2cf2c6af527a2f65e571ed682119480bb4a78790521b9ba1b0af","source_id":"us-va","stale":true,"prev":"us-va/va.-code-38.2-1437.1","next":"us-va/va.-code-38.2-1439"},"notice":"GroundRules: Original legal text. Not legal advice."}