2006 Code of Virginia § 38.2-1436 - Mortgage participations

38.2-1436. Mortgage participations.

Notwithstanding the provisions of 13.1-627 and 13.1-826, a domesticinsurer may acquire or sell participation interests in any loans secured by amortgage or deed of trust qualifying under 38.2-1434 if the insurer has allor substantially all the rights of a first mortgagee.

(1983, c. 457, 38.1-217.39; 1986, c. 562.)