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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>69932</law_id><section_number>38.2-128</section_number><catch_line>Mortgage guaranty insurance</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>38.2-122</reference><reference>38.2-1902</reference><reference>38.2-2503</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="1">General Provisions</unit><unit label="article" level="3" order_by="1" identifier="2">Insurance Classified and Defined</unit></structure><text>
						<section><p>&#x201C;Mortgage guaranty <span class="dictionary">insurance</span>&#x201D; means indemnifying lenders against financial loss arising from nonpayment of principal, interest, or other sums due under the terms of any <span class="dictionary">evidence</span> of indebtedness secured by a mortgage, deed of trust, or other instrument constituting a <span class="dictionary">lien</span> or charge on real property.</p></section></text><history>1986, c. 562.</history><metadata></metadata></law>
