6.2-422 - (Effective October 1, 2010) Prepayment penalty for loan secured by home occupied by borrower.
§ 6.2-422. (Effective October 1, 2010) Prepayment penalty for loan secured byhome occupied by borrower.
The prepayment penalty in the case of a loan secured by a mortgage or deed oftrust on a home that is occupied or to be occupied in whole or in part by aborrower shall not exceed two percent of the amount of such prepayment.
(1987, c. 622, § 6.1-330.83; 2010, c. 794.)