2026 SESSION
ENROLLED
VIRGINIA ACTS OF ASSEMBLY -- CHAPTER
An Act to amend and reenact § 6.2-419 of the Code of Virginia, relating to the assumption of a mortgage or deed of trust; conventional home mortgage loans required to include assumption provisions.
[H 304]
Approved
Be it enacted by the General Assembly of Virginia:
1. That § 6.2-419 of the Code of Virginia is amended and reenacted as follows:
§ 6.2-419 . Assumption of mortgage or deed of trust; disclosure of terms; certain loans to include assumption provisions.
A. An owner of residential real estate that is improved by the construction thereon of housing consisting of four or fewer dwelling units and encumbered by a mortgage or deed of trust shall have the right, upon written request to any holder of the obligation secured by the mortgage or deed of trust, to receive a written disclosure of whether the holder will permit a qualified purchaser to assume the mortgage or deed of trust. If the answer is in the affirmative, the holder shall disclose the following information regarding the terms of such assumption:
1. The rate of interest to be assumed, which may vary with an exterior standard;