Va. Code § 38.2-1436
Current with changes from the 2024 legislative session through ch. 845
Notwithstanding the provisions of §§ 13.1-627 and 13.1-826, a domestic insurer may acquire or sell participation interests in any loans secured by a mortgage or deed of trust qualifying under § 38.2-1434 if the insurer has all or substantially all the rights of a first mortgagee.
Va. Code § 38.2-1436