Code of Virginia § 38.2-1436. Mortgage participations.
55 words·~1 min read·
/va/title-38-2/chapter-14/38-2-1436A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.