Va. Code § 6.2-1182
Adjustable real estate loans
Virginia · Code of Virginia Title 6.2 — Financial Institutions and Services · Status: effective
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- Citation
- Va. Code § 6.2-1182, Adjustable real estate loans, Virginia, version 1 as recorded 2026-09-27, yourstate.us, https://yourstate.us/provision/1397151
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Full text
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.