There is a newer version of the Code of Virginia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)
6.2-422 - (Effective October 1, 2010) Prepayment penalty for loan secured by home occupied by borrower.
§ 6.2-422. (Effective October 1, 2010) 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.
(1987, c. 622, § 6.1-330.83; 2010, c. 794.)
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