Investments and Loans

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This is Article 9 of the Code of Virginia, titled “Investments and Loans.” It is part of Chapter 8 “Banks”, which is part of Subtitle II “Depository Institutions and Trust Organizations”, which is part of Title 6.2 “Financial Institutions and Services”. It contains 19 laws.

It’s comprised of the following 19 sections.

§ 6.2-870	Limitation of amount invested in bank premises
§ 6.2-871	Investment in stock or securities of bank service corporations
§ 6.2-872	For what purpose banks may purchase, hold, and convey real estate
§ 6.2-873	Additional permissible investments in real estate
§ 6.2-874	Prohibited uses of bank's own stock; other investments or loans
§ 6.2-875	Limitations on obligations of borrowers
§ 6.2-876	Loans to executive officers or directors
§ 6.2-877	Overdrafts by bank officer or director
§ 6.2-878	Loans secured by real estate generally
§ 6.2-879	Certain loans not considered loans secured by real estate
§ 6.2-880	Construction loans
§ 6.2-881	Investment in reverse annuity mortgages
§ 6.2-882	Bank borrowing money or rediscounting its notes
§ 6.2-883	Acceptance of drafts or bills of exchange; issuance of letters of credit
§ 6.2-884	Ownership and lease of personal property
§ 6.2-885	Investment in stock or securities of controlled subsidiary corporations
§ 6.2-886	Regulation of controlled subsidiary corporations by Commission
§ 6.2-887	Insurance business of controlled subsidiary
§ 6.2-888	Real estate brokerage business of controlled subsidiary