{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-2402.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-2402.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-2402.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-2402.html"}],"law_id":71128,"edition_id":1,"section_id":71128,"structure_id":15586,"section_number":"6.2-2402","catch_line":"Treatment of securitization transactions","history":"2004, c. 600, \u00a7 6.1-473; 2010, c. 794.","full_text":"Nothing contained in this chapter shall:\n\n1\n\nBe deemed to require any securitization transaction to be treated as a sale for federal or state tax purposes or to preclude the treatment of any securitization transaction as debt for federal or state tax purposes or to change any applicable laws relating to the perfection and priority of security or ownership interests of persons other than the transferor, hypothetical lien creditor or, in the event of a bankruptcy, receivership or other insolvency proceeding with respect to the transferor or its property, a bankruptcy trustee, receiver, debtor, debtor in possession, or similar person; or2\n\nChange the tax treatment of securitization transactions that take place pursuant to this chapter.","order_by":null,"text":{"0":{"id":256452,"text":"Nothing contained in this chapter shall:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":256453,"text":"Be deemed to require any securitization transaction to be treated as a sale for federal or state tax purposes or to preclude the treatment of any securitization transaction as debt for federal or state tax purposes or to change any applicable laws relating to the perfection and priority of security or ownership interests of persons other than the transferor, hypothetical lien creditor or, in the event of a bankruptcy, receivership or other insolvency proceeding with respect to the transferor or its property, a bankruptcy trustee, receiver, debtor, debtor in possession, or similar person; or","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":256454,"text":"Change the tax treatment of securitization transactions that take place pursuant to this chapter.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1"}},"ancestry":[{"id":15586,"edition_id":1,"name":"Securitization Transactions","identifier":"24","label":"chapter","depth":3,"order_by":1,"parent_id":12856,"metadata":{},"date_created":"2026-06-26 03:56:34","date_modified":"2026-06-26 03:56:34","permalink":{"id":267139,"object_type":"structure","relational_id":15586,"identifier":"24","token":"6.2\/IV\/24","url":"\/6.2\/IV\/24\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12856,"edition_id":1,"name":"Other Financial Activities","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":267075,"object_type":"structure","relational_id":12856,"identifier":"IV","token":"6.2\/IV","url":"\/6.2\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":62998,"structure_id":15586,"section_number":"6.2-2400","catch_line":"Definition","url":"\/6.2-2400\/","token":"6.2\/IV\/24\/6.2-2400","metadata":false},{"id":59465,"structure_id":15586,"section_number":"6.2-2401","catch_line":"Securitization transactions; no interest retained by transferor","url":"\/6.2-2401\/","token":"6.2\/IV\/24\/6.2-2401","metadata":{"court_decisions":""}},{"id":71128,"structure_id":15586,"section_number":"6.2-2402","catch_line":"Treatment of securitization transactions","url":"\/6.2-2402\/","token":"6.2\/IV\/24\/6.2-2402","metadata":false}],"previous_section":{"id":59465,"structure_id":15586,"section_number":"6.2-2401","catch_line":"Securitization transactions; no interest retained by transferor","url":"\/6.2-2401\/","token":"6.2\/IV\/24\/6.2-2401","metadata":{"court_decisions":""}},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-2402\/","history_text":"

This law was first created in 2004. The record of its establishment is cataloged in chapter 600<\/a> 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. It has been modified 1 time. 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. That modification is as follows: in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":267149,"object_type":"law","relational_id":71128,"identifier":"6.2-2402","token":"6.2\/IV\/24\/6.2-2402","url":"\/6.2-2402\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-2402\/","token":"6.2\/IV\/24\/6.2-2402","dublin_core":{"Title":"Treatment of securitization transactions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-2402","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Nothing contained in this chapter shall:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Be deemed to require any securitization transaction<\/span> to be treated as a sale for federal or state tax purposes or to preclude the treatment of any securitization transaction<\/span> as debt for federal or state tax purposes or to change any applicable laws<\/span> relating to the perfection and priority of security or ownership interests of persons<\/span> other than the transferor, hypothetical lien<\/span> creditor<\/span> or, in the event of a bankruptcy, receivership or other insolvency proceeding with respect to the transferor or its property, a bankruptcy trustee<\/span>, receiver, debtor, debtor in possession<\/span>, or similar person<\/span>; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Change the tax treatment of securitization transactions<\/span> that take place pursuant to this chapter. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTREATMENT OF SECURITIZATION TRANSACTIONS (\u00a7 6.2-2402)\n\nNothing contained in this chapter shall:\n\n1. Be deemed to require any securitization transaction to be treated as a sale\nfor federal or state tax purposes or to preclude the treatment of any\nsecuritization transaction as debt for federal or state tax purposes or to\nchange any applicable laws relating to the perfection and priority of security\nor ownership interests of persons other than the transferor, hypothetical lien\ncreditor or, in the event of a bankruptcy, receivership or other insolvency\nproceeding with respect to the transferor or its property, a bankruptcy trustee,\nreceiver, debtor, debtor in possession, or similar person; or\n\n2. Change the tax treatment of securitization transactions that take place\npursuant to this chapter.\n\nHISTORY: 2004, c. 600, \u00a7 6.1-473; 2010, c. 794.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}