{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-413.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-413.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-413.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-413.html"}],"law_id":374242,"edition_id":2,"section_id":374242,"structure_id":53215,"section_number":"6.2-413","catch_line":"Obligation of lender to reimburse unused mortgage guaranty insurance premiums","history":"1980, c. 748, \u00a7 6.1-2.9:1; 1990, c. 7; 2010, c. 794.","full_text":"Any lender that requires, as a prerequisite to its lending money for the purchase of real property, that private mortgage insurance be secured to insure a certain amount of the lender’s interest in the property shall return to the person who paid the premium, or other person entitled thereto, any portion of the premium for such insurance that is not used to secure insurance for the lender’s interest in the property.\n\n","order_by":null,"text":{"0":{"id":1397116,"text":"Any lender that requires, as a prerequisite to its lending money for the purchase of real property, that private mortgage insurance be secured to insure a certain amount of the lender’s interest in the property shall return to the person who paid the premium, or other person entitled thereto, any portion of the premium for such insurance that is not used to secure insurance for the lender’s interest in the property.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53215,"edition_id":2,"name":"Loans Secured by Lien on Real Estate","identifier":"2","label":"article","depth":4,"order_by":2,"parent_id":53213,"metadata":{"child_laws":18,"child_structures":0},"date_created":"2026-08-02 03:13:12","date_modified":"2026-08-02 12:27:55","permalink":{"id":1490493,"object_type":"structure","relational_id":53215,"identifier":"2","token":"6.2\/I\/4\/2","url":"\/6.2\/I\/4\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53213,"edition_id":2,"name":"Certain Lending Practices","identifier":"4","label":"chapter","depth":3,"order_by":4,"parent_id":53153,"metadata":{"child_laws":38,"child_structures":5},"date_created":"2026-08-02 03:13:11","date_modified":"2026-08-02 12:27:55","permalink":{"id":1490465,"object_type":"structure","relational_id":53213,"identifier":"4","token":"6.2\/I\/4","url":"\/6.2\/I\/4\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53153,"edition_id":2,"name":"General Provisions","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":53152,"metadata":{"child_laws":99,"child_structures":18},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 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appraisal","url":"\/6.2-407\/","token":"6.2\/I\/4\/2\/6.2-407","metadata":false},{"id":374237,"structure_id":53215,"section_number":"6.2-408","catch_line":"Priority of interest on debts secured by mortgage or deed of trust","url":"\/6.2-408\/","token":"6.2\/I\/4\/2\/6.2-408","metadata":false},{"id":374238,"structure_id":53215,"section_number":"6.2-409","catch_line":"Addition of unpaid interest to principal balance","url":"\/6.2-409\/","token":"6.2\/I\/4\/2\/6.2-409","metadata":false},{"id":374239,"structure_id":53215,"section_number":"6.2-410","catch_line":"Borrowers not to be required to employ particular professionals","url":"\/6.2-410\/","token":"6.2\/I\/4\/2\/6.2-410","metadata":{"court_decisions":""}},{"id":374240,"structure_id":53215,"section_number":"6.2-411","catch_line":"Requirements relating to insurance","url":"\/6.2-411\/","token":"6.2\/I\/4\/2\/6.2-411","metadata":false},{"id":374241,"structure_id":53215,"section_number":"6.2-412","catch_line":"Insurance coverage under certain loans not to exceed replacement value of improvements","url":"\/6.2-412\/","token":"6.2\/I\/4\/2\/6.2-412","metadata":false},{"id":374242,"structure_id":53215,"section_number":"6.2-413","catch_line":"Obligation of lender to reimburse unused mortgage guaranty insurance premiums","url":"\/6.2-413\/","token":"6.2\/I\/4\/2\/6.2-413","metadata":false},{"id":374243,"structure_id":53215,"section_number":"6.2-414","catch_line":"Obligation of person maintaining escrow account to pay taxes and insurance; penalties","url":"\/6.2-414\/","token":"6.2\/I\/4\/2\/6.2-414","metadata":false},{"id":374244,"structure_id":53215,"section_number":"6.2-415","catch_line":"Lender not to cancel insurance policy at time of refinancing under certain circumstances","url":"\/6.2-415\/","token":"6.2\/I\/4\/2\/6.2-415","metadata":false},{"id":374245,"structure_id":53215,"section_number":"6.2-416","catch_line":"Certain mortgages not to prohibit further encumbrance of real property","url":"\/6.2-416\/","token":"6.2\/I\/4\/2\/6.2-416","metadata":false},{"id":374246,"structure_id":53215,"section_number":"6.2-417","catch_line":"Mortgage or deed of trust to contain notice that debt is subject to call or modification on conveyance of property","url":"\/6.2-417\/","token":"6.2\/I\/4\/2\/6.2-417","metadata":false},{"id":374247,"structure_id":53215,"section_number":"6.2-418","catch_line":"Property owner entitled to written statement of payoff amount","url":"\/6.2-418\/","token":"6.2\/I\/4\/2\/6.2-418","metadata":false},{"id":374248,"structure_id":53215,"section_number":"6.2-419","catch_line":"Disclosure of terms of assumption","url":"\/6.2-419\/","token":"6.2\/I\/4\/2\/6.2-419","metadata":false},{"id":374249,"structure_id":53215,"section_number":"6.2-420","catch_line":"Prepayment penalty not to be collected in certain circumstances","url":"\/6.2-420\/","token":"6.2\/I\/4\/2\/6.2-420","metadata":false},{"id":374250,"structure_id":53215,"section_number":"6.2-421","catch_line":"Certain contracts to permit prepayment; amount of prepayment penalty","url":"\/6.2-421\/","token":"6.2\/I\/4\/2\/6.2-421","metadata":false},{"id":374251,"structure_id":53215,"section_number":"6.2-422","catch_line":"Prepayment penalty for loan secured by home occupied by borrower","url":"\/6.2-422\/","token":"6.2\/I\/4\/2\/6.2-422","metadata":false},{"id":374252,"structure_id":53215,"section_number":"6.2-423","catch_line":"Prepayment of loans secured by certain subordinate mortgages or deeds of trust; rebates for unearned interest","url":"\/6.2-423\/","token":"6.2\/I\/4\/2\/6.2-423","metadata":false}],"previous_section":{"id":374241,"structure_id":53215,"section_number":"6.2-412","catch_line":"Insurance coverage under certain loans not to exceed replacement value of improvements","url":"\/6.2-412\/","token":"6.2\/I\/4\/2\/6.2-412","metadata":false},"next_section":{"id":374243,"structure_id":53215,"section_number":"6.2-414","catch_line":"Obligation of person maintaining escrow account to pay taxes and insurance; penalties","url":"\/6.2-414\/","token":"6.2\/I\/4\/2\/6.2-414","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-413\/","history_text":"

This law was first created in 1980. The record of its establishment is cataloged in chapter 748 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 1980 \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 1990, chapter 7; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1490523,"object_type":"law","relational_id":374242,"identifier":"6.2-413","token":"6.2\/I\/4\/2\/6.2-413","url":"\/6.2-413\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-413\/","token":"6.2\/I\/4\/2\/6.2-413","dublin_core":{"Title":"Obligation of lender to reimburse unused mortgage guaranty insurance premiums","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-413","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Any lender that requires, as a prerequisite to its lending money for the purchase of real property, that private mortgage insurance be secured to insure a certain amount of the lender’s interest in the property shall return to the person<\/span> who paid the premium, or other person<\/span> entitled thereto, any portion of the premium for such insurance that is not used to secure insurance for the lender’s interest in the property.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nOBLIGATION OF LENDER TO REIMBURSE UNUSED MORTGAGE GUARANTY INSURANCE PREMIUMS\n(\u00a7 6.2-413)\n\nAny lender that requires, as a prerequisite to its lending money for the\npurchase of real property, that private mortgage insurance be secured to insure\na certain amount of the lender’s interest in the property shall return to\nthe person who paid the premium, or other person entitled thereto, any portion\nof the premium for such insurance that is not used to secure insurance for the\nlender’s interest in the property.\n\nHISTORY: 1980, c. 748, \u00a7 6.1-2.9:1; 1990, c. 7; 2010, c. 794.","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"}}