There is a newer version of the Code of Virginia
2010 Code of Virginia
Title 6.2 - FINANCIAL INSTITUTIONS AND SERVICES.
Chapter 4 - Certain Lending Practices. (6.2-400 thru 6.2-437)
6.2-416 - (Effective October 1, 2010) Certain mortgages not to prohibit further encumbrance of real property.
§ 6.2-416. (Effective October 1, 2010) Certain mortgages not to prohibit further encumbrance of real property.
Where any loan is secured by a mortgage or deed of trust on real property comprised of one- to four-family residential dwelling units, the note, or mortgage or deed of trust evidencing such loan shall in no way prohibit the further encumbrance of the real property.
(1975, c. 398, § 6.1-2.5; 2010, c. 794.)
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