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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>373710</law_id><section_number>6.2-1184</section_number><catch_line>Dealing with successors in interest</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="10" identifier="6.2">Financial Institutions and Services</unit><unit label="subtitle" level="2" order_by="2" identifier="II">Depository Institutions and Trust Organizations</unit><unit label="chapter" level="3" order_by="5" identifier="11">Savings Institutions</unit><unit label="article" level="4" order_by="7" identifier="7">Real Estate Loans</unit></structure><text>
						<section><p>In the case of any investment made by a <span class="dictionary">savings institution</span> in a real estate loan, if (i) the ownership of the real estate security or any part thereof becomes vested in a <span class="dictionary">person</span> other than the <span class="dictionary">party</span> originally executing the security instruments and (ii) there is not an agreement in writing to the contrary, a <span class="dictionary">savings institution</span> may, without notice to such <span class="dictionary">party</span>, deal with such successor in interest with reference to that mortgage and the debt thereby secured in the same manner as with such <span class="dictionary">party</span>. The <span class="dictionary">savings institution</span> may forbear to sue or may extend time for payment, or otherwise modify the terms, of the debt secured thereby without discharging or in any way affecting the original liability of such <span class="dictionary">party</span> or parties thereunder or upon the debt thereby secured.</p></section></text><history>1985, c. 425, &#xA7; 6.1-194.67; 2010, c. 794.</history><metadata></metadata></law>
