Virginia Administrative Code (Last Updated: January 10, 2017) |
Title 13. Housing |
Agency 10. Virginia Housing Development Authority |
Chapter 150. Rules and Regulations for the Virginia Senior Home Equity Account Program |
Section 10. Definitions |
Section 20. Purpose and applicability |
Section 30. Eligible applicants |
Section 40. Title |
Section 50. Condition of home |
Section 60. Taxes |
Section 70. Insurance |
Section 80. Maximum amount |
Section 90. Adjustments in the maximum amount |
Section 100. Loan term |
Section 110. Interest rate and compounding |
Section 120. Equity payments |
Section 130. Repayments |
Section 140. Acts of default |
Section 150. Term and extensions of home equity account |
Section 160. Repairs |
Section 170. Requests for equity payments |
Section 180. Optional notification of third parties |
Section 190. Allowable use of funds |
Section 200. Application |
Section 210. AAA review |
Section 220. Authority review and commitment |
Section 230. Closing and fees |
Section 240. Right to terminate program |