Code of Virginia § 6.2-422. Prepayment penalty for loan secured by home occupied by borrower.
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/va/title-6-2/chapter-4/6-2-422·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The prepayment penalty in the case of a loan secured by a mortgage or deed of trust on a home that is occupied or to be occupied in whole or in part by a borrower shall not exceed two percent of the amount of such prepayment.
1987, c. 622, § 6.1-330.83; 2010, c. 794 .