Code of Virginia § 38.2-128. Mortgage guaranty insurance.
48 words·~1 min read·
/va/title-38-2/chapter-1/38-2-128A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
"Mortgage guaranty insurance" means indemnifying lenders against financial loss arising from nonpayment of principal, interest, or other sums due under the terms of any evidence of indebtedness secured by a mortgage, deed of trust, or other instrument constituting a lien or charge on real property.
1986, c. 562.