                                 CODE OF VIRGINIA

FEES AND CHARGES IN CONNECTION WITH LOANS BY REAL ESTATE LENDERS (§ 6.2-326)

A. A lender engaged in making real estate mortgage or deed of trust loans, other
than loans subject to the provisions of §§ 6.2-327 and 6.2-328, may:

   1. Charge or collect in advance from the borrower a loan fee as agreed between
   the parties; and

   2. Require the borrower to pay the reasonable and necessary charges in
   connection with making the loan, including the cost of title examination,
   title insurance, recording and filing fees, taxes, insurance, including
   mortgage guaranty insurance, appraisals, credit reports, surveys, drawing of
   papers, and closing the loan.

B. The fees and charges permitted by this section and other sections of this
chapter are in addition to those permitted by &#xA7; 6.2-325 and may be added to
the principal of the loan, and shall not be considered in determining whether a
loan contract is usurious.

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