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2018 Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 4 - Certain Lending Practices
§ 6.2-416. Certain mortgages not to prohibit further encumbrance of real property
Universal Citation: VA Code § 6.2-416 (2018)
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, ยง 6.1-2.5; 2010, c. 794.
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