| Citation | Topic | Requirement |
| Property and Conveyances / Va. Code Ann. §55-59.2 | Advertisement of Sale | In addition to the notice of sale requirements, the trustee must advertise the sale under a deed of trust in a newspaper having a general circulation in the city or county where the property to be sold is located. |
| Certain Lending Practices / Va. Code Ann. §6.2-419 | Assumption Request | Any such holder receiving such a written request for an assumption from an owner must respond in writing within 10 business days of the receipt of the request. |
| Property and Conveyances / Va. Code Ann. §55-66.3(A)(1) | Certificate of Satisfaction | Lien creditor must issue a certificate of satisfaction or certificate of partial satisfaction in a form sufficient for recordation reflecting such payment and release of lien. See citation for details regarding timing requirements. |
| Va. Code Ann. § 6.2-414 | Delinquent Escrow Payments | Obligation of person maintaining escrow account to pay taxes and insurance; penalties. Any lender or other person maintaining escrow accounts for the payment of taxes or insurance, who on receipt of notice thereof, fails to make timely payment therefor, and incurs a penalty or late charge thereon or a cancellation for nonpayment if there are sufficient funds in such escrow account at least five days before such due date to make such payment, shall be liable for the penalty or late charge assessed for late payment and for any loss as a result of the property being uninsured for nonpayment. The lender or other person shall give written notice to any obligor of the payment of such penalty or late charge within five days after such payment is made. |
| VA Mortgage Lender and Broker Act | Va. Code Ann. §6.2-400 | Late Payment Fees | B. Any lender or seller may impose a late charge for failure to make timely payment of any installment due on a debt, whether installment or single maturity, provided that such late charge does not exceed five percent of the amount of such installment payment and that the charge is specified in the contract between the lender or seller and the debtor. C. If any federal governmental agency or organization shall adopt any rules or regulations dealing with the application of late penalties as to loans insured or guaranteed by such federal agency or organization, then such rules and regulations shall control as to such loans insured or guaranteed by them. |
| Property and Conveyances / Va. Code Ann. §55-59.1(A) | Notice of Sale | The trustee or secured party must give written notice of the time, date and place of any proposed sale in execution of a deed of trust |
| Administrative Code / 10 Va. Admin. Code §5-160-20 | Notice of Transfer | A borrower will be entitled to continue to make payments to the transferor of the servicing rights under a mortgage loan until the borrower is given written notice of the transfer of the servicing rights by the transferor. The notice must specify the name and address to which future payments are to be made and must be mailed or delivered to the borrower at least 10 calendar days before the first payment affected by the notice. |
| Certain Lending Practices / Va. Code Ann. §6.2-418 | Payoff Statement | The holder of the obligation secured by mortgage or deed of trust must mail or deliver the written statement of the payoff amount to the property owner or his designee within 10 business days of the receipt of a written request if the request contains the loan number and the address or other description of the property. |
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