Code of Virginia - Title 6.1 Banking And Finance - Chapter 1 General Provisions

• 6.1-1 "The Commission" defined
  The term "the Commission," as used in this title, shall be construed to mean the State Corporation Commission. (Code 1950, § 6-1; 1966, c. 584.) ...
• 6.1-1.1 Confidentiality of information
  Except as otherwise provided in this title or § 12.1-19, neither a report of examination of any person or entity subject to this title, nor ...
• 6.1-2 Use of funds collected under this title
  A. All fees assessed under any provision of this title and paid into the state treasury shall be deposited to a special fund designated "Financial ...
• 6.1-2.1 Financial institutions to furnish certain information to fiduciaries
  The provisions of this title and any other provisions of law notwithstanding, any financial institution subject to the provisions of said title shall make available ...
• 6.1-2.2 through 6.1-2.4
  Repealed by Acts 1975, c. 448. ...
• 6.1-2.5 Certain mortgages, etc., not to prohibit further encumbrance of real property
  Where any loan 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 ...
• 6.1-2.6 Description unavailable
  Repealed by Acts 1980, c. 730. ...
• 6.1-2.6:1 Fire insurance coverage under certain loans not to exceed replacement value of improvement...
  A. No lender shall require a borrower, as a condition to receiving or maintaining a loan secured by any mortgage or deed of trust, to ...
• 6.1-2.7 Directors to serve only one institution
  No officer or director of any financial institution, other than a consumer finance company or credit union domiciled in this Commonwealth, shall at the same ...
• 6.1-2.8 Obligation of lender to pay taxes and insurance; penalties
  Any bank or lender maintaining escrow accounts for the payment of taxes or insurance, which on receipt of notice thereof, fails to make timely payment ...
• 6.1-2.9 Lenders to furnish borrower with copy of appraisal
  Any lender which requires a borrower or prospective borrower to pay for a residential appraisal made in connection with a loan or loan application shall, ...
• 6.1-2.9:1 Obligation of lender to reimburse unused mortgage guaranty insurance premiums
  Any lender, which requires as a prerequisite to its lending money for the purchase of real property that private mortgage insurance be secured to insure ...
• 6.1-2.9:2 Checks on consumer deposit accounts to show date account was opened
  All checks, drafts, or similar negotiable or nonnegotiable instruments or orders of withdrawal which are drawn against funds held by a financial institution located in ...
• 6.1-2.9:3 Disclosure of terms of assumption
  A. An owner of residential real estate, improved by the construction thereon of housing consisting of four or less dwelling units, which is encumbered by ...
• 6.1-2.9:4 Federal insurance of deposits required for all banks or savings institutions
  Notwithstanding any other provisions contained in this title, no bank or savings institution doing business in the Commonwealth shall accept deposits unless its deposit accounts ...
• 6.1-2.9:5 Disclosure of terms of mortgage application
  Any lender or broker making or arranging loans secured by first mortgages or deeds of trust on owner occupied residential real estate, consisting of one ...
• 6.1-2.9:6 Lender not to cancel insurance policy at time of refinancing under certain circumstances
  No lender shall require a borrower or debtor, for the protection of property securing the credit or lien, to cancel an existing insurance policy on ...
• 6.1-2.9:7 Adverse claims to accounts
  A. Notice to any financial institution doing business in Virginia of an adverse claim to funds in an account with such institution shall not require ...
• 6.1-2.9:8 Medical savings accounts and health savings accounts
  To the extent allowed by federal law, a bank, insured savings institution, or credit union may act as a trustee or custodian of health savings ...

Last modified: April 2, 2009