Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-330.83 Prepayment penalty for loan secured by home occupied by borrower

§ 6.1-330.83. 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 which is occupied or to be occupied in whole or in part by a borrower shall not be in excess of two percent of the amount of such prepayment.

(1987, c. 622.)

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Last modified: April 2, 2009