Prepayment penalty for loan secured by home occupied by borrower

Va. Code Ann. § 6.2-422
in effect
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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 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/6.2-422/Fetched: 10/17/2026