Virginia Decodedhttps://vacode.org3742396.2-410Borrowers not to be required to employ particular professionals2026Financial Institutions and ServicesGeneral ProvisionsCertain Lending PracticesLoans Secured by Lien on Real Estate

In the case of loans secured by deeds of trust or mortgages on one- to four-family dwelling units, the lender may not require the borrower to use the services of a particular attorney, surveyor, or insurer. The lender shall have the right to approve any attorney, surveyor, or insurer selected by the borrower, provided such approval is not unreasonably withheld.

1987, c. 622, § 6.1-330.70; 1990, c. 3; 2010, c. 794.