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2018 Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 4 - Certain Lending Practices
§ 6.2-422. Prepayment penalty for loan secured by home occupied by borrower
Universal Citation: VA Code § 6.2-422 (2018)
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, ยง 6.1-330.83; 2010, c. 794.
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