2010 Code of Virginia
Title 6.2 - FINANCIAL INSTITUTIONS AND SERVICES.
Chapter 11 - Savings Institutions (6.2-1100 thru 6.2-1205)
6.2-1182 - (Effective October 1, 2010) Adjustable real estate loans.
§ 6.2-1182. (Effective October 1, 2010) Adjustable real estate loans.
A state savings institution may adjust the interest rate, payment, balance, or term to maturity on any real estate loan as authorized by the loan contract, and may receive a portion of the consideration for making a real estate loan in the form of a percentage of the amount by which the current market value of the property, during the loan term or at maturity, exceeds the original appraised value.
(1985, c. 425, § , § 6.1-194.65; 1991, c. 230, § , § 6.1-194.151; 2010, c. 794.)
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