Title 6.2. Financial Institutions and Services
Chapter 4. Certain Lending Practices
§ 6.2-422. Prepayment penalty for loan secured by home occupied by borrower.
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.