{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-1181.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-1181.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-1181.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-1181.html"}],"law_id":373707,"edition_id":2,"section_id":373707,"structure_id":53172,"section_number":"6.2-1181","catch_line":"Initial repayments on real estate loans","history":"1985, c. 425, \u00a7 6.1-194.64; 1991, c. 230, \u00a7 6.1-194.151; 2010, c. 794.","full_text":"Repayments on real estate loans shall begin not later than 60 days after the loan proceeds are disbursed. If such loan is for construction, substantial alteration, repair, or improvement of the real estate securing the loan, repayments may begin not later than 60 months after the date of the first loan disbursement, and interest shall be payable at least semiannually until regular periodic payments begin. In the case of a home loan where the loan proceeds are to be used for construction, substantial alteration, repair, or improvement of the security property, repayments must begin not later than 36 months after the date of the first disbursement, with interest payable at least semiannually until regular periodic payments begin.\n\n","order_by":null,"text":{"0":{"id":1394724,"text":"Repayments on real estate loans shall begin not later than 60 days after the loan proceeds are disbursed. If such loan is for construction, substantial alteration, repair, or improvement of the real estate securing the loan, repayments may begin not later than 60 months after the date of the first loan disbursement, and interest shall be payable at least semiannually until regular periodic payments begin. In the case of a home loan where the loan proceeds are to be used for construction, substantial alteration, repair, or improvement of the security property, repayments must begin not later than 36 months after the date of the first disbursement, with interest payable at least semiannually until regular periodic payments begin.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53172,"edition_id":2,"name":"Real Estate Loans","identifier":"7","label":"article","depth":4,"order_by":7,"parent_id":53165,"metadata":{"child_laws":7,"child_structures":0},"date_created":"2026-08-02 03:12:05","date_modified":"2026-08-02 12:28:03","permalink":{"id":1491433,"object_type":"structure","relational_id":53172,"identifier":"7","token":"6.2\/II\/11\/7","url":"\/6.2\/II\/11\/7\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53165,"edition_id":2,"name":"Savings Institutions","identifier":"11","label":"chapter","depth":3,"order_by":5,"parent_id":53156,"metadata":{"child_laws":106,"child_structures":9},"date_created":"2026-08-02 03:11:54","date_modified":"2026-08-02 12:28:02","permalink":{"id":1491103,"object_type":"structure","relational_id":53165,"identifier":"11","token":"6.2\/II\/11","url":"\/6.2\/II\/11\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53156,"edition_id":2,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":53152,"metadata":{"child_laws":483,"child_structures":51},"date_created":"2026-08-02 03:11:42","date_modified":"2026-08-02 12:27:56","permalink":{"id":1490687,"object_type":"structure","relational_id":53156,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53152,"edition_id":2,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":10,"parent_id":null,"metadata":{"child_laws":961,"child_structures":89},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:53","permalink":{"id":1490251,"object_type":"structure","relational_id":53152,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":373705,"structure_id":53172,"section_number":"6.2-1179","catch_line":"Real estate loans; required investment","url":"\/6.2-1179\/","token":"6.2\/II\/11\/7\/6.2-1179","metadata":false},{"id":373706,"structure_id":53172,"section_number":"6.2-1180","catch_line":"Appraisals; loan-to-value ratios","url":"\/6.2-1180\/","token":"6.2\/II\/11\/7\/6.2-1180","metadata":false},{"id":373707,"structure_id":53172,"section_number":"6.2-1181","catch_line":"Initial repayments on real estate loans","url":"\/6.2-1181\/","token":"6.2\/II\/11\/7\/6.2-1181","metadata":false},{"id":373708,"structure_id":53172,"section_number":"6.2-1182","catch_line":"Adjustable real estate loans","url":"\/6.2-1182\/","token":"6.2\/II\/11\/7\/6.2-1182","metadata":false},{"id":373709,"structure_id":53172,"section_number":"6.2-1183","catch_line":"Special provisions for home loans","url":"\/6.2-1183\/","token":"6.2\/II\/11\/7\/6.2-1183","metadata":false},{"id":373710,"structure_id":53172,"section_number":"6.2-1184","catch_line":"Dealing with successors in interest","url":"\/6.2-1184\/","token":"6.2\/II\/11\/7\/6.2-1184","metadata":false},{"id":373711,"structure_id":53172,"section_number":"6.2-1185","catch_line":"Trustees on loans secured by deed of trust","url":"\/6.2-1185\/","token":"6.2\/II\/11\/7\/6.2-1185","metadata":false}],"previous_section":{"id":373706,"structure_id":53172,"section_number":"6.2-1180","catch_line":"Appraisals; loan-to-value ratios","url":"\/6.2-1180\/","token":"6.2\/II\/11\/7\/6.2-1180","metadata":false},"next_section":{"id":373708,"structure_id":53172,"section_number":"6.2-1182","catch_line":"Adjustable real estate loans","url":"\/6.2-1182\/","token":"6.2\/II\/11\/7\/6.2-1182","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1181\/","history_text":"

This law was first created in 1985. The record of its establishment is cataloged in chapter 425 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1985 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1991, chapter 230; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1491443,"object_type":"law","relational_id":373707,"identifier":"6.2-1181","token":"6.2\/II\/11\/7\/6.2-1181","url":"\/6.2-1181\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-1181\/","token":"6.2\/II\/11\/7\/6.2-1181","dublin_core":{"Title":"Initial repayments on real estate loans","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1181","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Repayments on real estate loans shall begin not later than 60 days after the loan proceeds are disbursed. If such loan is for construction, substantial alteration, repair, or improvement of the real estate securing the loan, repayments may begin not later than 60 months after the date of the first loan disbursement, and interest shall be payable at least semiannually until regular periodic payments begin. In the case of a home loan<\/span> where the loan proceeds are to be used for construction, substantial alteration, repair, or improvement of the security property, repayments must begin not later than 36 months after the date of the first disbursement, with interest payable at least semiannually until regular periodic payments begin.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINITIAL REPAYMENTS ON REAL ESTATE LOANS (\u00a7 6.2-1181)\n\nRepayments on real estate loans shall begin not later than 60 days after the\nloan proceeds are disbursed. If such loan is for construction, substantial\nalteration, repair, or improvement of the real estate securing the loan,\nrepayments may begin not later than 60 months after the date of the first loan\ndisbursement, and interest shall be payable at least semiannually until regular\nperiodic payments begin. In the case of a home loan where the loan proceeds are\nto be used for construction, substantial alteration, repair, or improvement of\nthe security property, repayments must begin not later than 36 months after the\ndate of the first disbursement, with interest payable at least semiannually\nuntil regular periodic payments begin.\n\nHISTORY: 1985, c. 425, \u00a7 6.1-194.64; 1991, c. 230, \u00a7 6.1-194.151; 2010, c.\n794.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}