Va. Code § 6.2-1182

Current with changes from the 2024 legislative session through ch. 845

Section 6.2-1182 - Adjustable real estate loans

A state savings institution may adjust the interest rate, payment, balance, or term to maturity on any real estate loan as authorized by the loan contract, and may receive a portion of the consideration for making a real estate loan in the form of a percentage of the amount by which the current market value of the property, during the loan term or at maturity, exceeds the original appraised value.

Va. Code § 6.2-1182

1985, c. 425, § 6.1-194.65; 1991, c. 230, § 6.1-194.151; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 1991, § c. 230, § 6.1-194.151.

Amended by Acts 1985, § c. 425, § 6.1-194.65.