                                 CODE OF VIRGINIA

MORTGAGE OR DEED OF TRUST TO CONTAIN NOTICE THAT DEBT IS SUBJECT TO CALL OR
MODIFICATION ON CONVEYANCE OF PROPERTY (§ 6.2-417)

Where any loan is secured by a mortgage or deed of trust on real property
comprised of one- to four-family residential dwelling units, and the note or
mortgage or deed of trust evidencing or securing the loan contains a provision
that the holder of the note secured by such mortgage or deed of trust may
accelerate payment of or renegotiate the terms of such loan upon sale or
conveyance of the security property or part thereof, then the mortgage or deed
of trust shall contain in the body a statement, either in capital letters or
underlined, that advises the borrower as follows: &#8220;Notice &#8212; The debt
secured hereby is subject to call in full or the terms thereof being modified in
the event of sale or conveyance of the property conveyed.&#8221;

HISTORY: 1987, c. 622, § 6.1-330.88; 2010, c. 794; 2014, c. 330.