Virginia Statutes
§ 6.2-422 — Prepayment penalty for loan secured by home occupied by borrower
Virginia § 6.2-422
JurisdictionVirginia
Title 6.2FINANCIAL INSTITUTIONS AND SERVICES
Subtitle IGENERAL PROVISIONS
Ch. 4CERTAIN LENDING PRACTICES
Art. 2LOANS SECURED BY LIEN ON REAL ESTATE
This text of Virginia § 6.2-422 (Prepayment penalty for loan secured by home occupied by borrower) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 6.2-422 (2026).
Text
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.
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Legislative History
1987, c. 622, § 6.1-330.83; 2010, c. 794.
Nearby Sections
15
§ 6.2-100
Definitions§ 6.2-1000
Definitions§ 6.2-1002
Powers of trust institutions§ 6.2-1005
Deposit or other use of trust funds§ 6.2-1007
Investment of trust funds§ 6.2-1008
Dealings with self or affiliates§ 6.2-101
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Bluebook (online)
Virginia § 6.2-422, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/6.2/6.2-422.