Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-330.58 Contracts, etc., in violation of public policy

§ 6.1-330.58. Contracts, etc., in violation of public policy

Any agreement or contract in which the borrower waives the benefits of this chapter or releases any rights he may have acquired by virtue of this chapter shall be deemed to be against public policy and void. The provisions of this section shall not apply to a waiver of benefits or release of rights made subsequent to a loan as part of a settlement of potential or pending claims by a borrower involving such loan.

(1987, c. 622.)

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Last modified: April 2, 2009