Va. Code § 6.2-422

Current with changes from the 2024 legislative session through ch. 845

Section 6.2-422 - Prepayment penalty for loan secured by home occupied by borrower

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.

Va. Code § 6.2-422

1987, c. 622, § 6.1-330.83; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 1987, § c. 622, § 6.1-330.83.