6.1-194.65 - (Repealed effective October 1, 2010) Adjustable real estate loans. - Virginia Statutes

§ 6.1-194.65. (Repealed effective October 1, 2010) Adjustable real estateloans.

A state association may adjust the interest rate, payment, balance, or termto maturity on any real estate loan as authorized by the loan contract, andmay receive a portion of the consideration for making a real estate loan inthe form of a percentage of the amount by which the current market value ofthe property, during the loan term or at maturity, exceeds the originalappraised value.

(1985, c. 425.)