CHAPTER 267
An Act to amend the Code of Virginia by adding a section numbered
6-79.2, relating to loans made to home owners for home improvement
purposes.
[H 631]
Approved March 14, 1962
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia be amended by adding a section numbered
6-79.2 as follows:
§ 6-79.2. Loans made to home owners for maintenance, repair, mod-
ernization, improvement and equipment to their homes, whether or not
secured, shall not be considered as loans secured by real estate within the
meaning of § 6-78 of the Code, provided each such loan shall be payable
in approximately equal monthly installments, shall not be for a term
longer than five years, and shall not exceed three thousand five hundred
dollars in amount.