§ 38.2-1436. Mortgage participations
Notwithstanding the provisions of §§ 13.1-627 and 13.1-826, a domestic insurer may acquire or sell participation interests in any loans secured by a mortgage or deed of trust qualifying under § 38.2-1434 if the insurer has all or substantially all the rights of a first mortgagee.
(1983, c. 457, § 38.1-217.39; 1986, c. 562.)
Sections: Previous 38.2-1429 38.2-1430 38.2-1431 38.2-1432 38.2-1433 38.2-1434 38.2-1435 38.2-1436 38.2-1437 38.2-1437.1 38.2-1438 38.2-1439 38.2-1440 38.2-1441 38.2-1442 NextLast modified: April 16, 2009