Code 1950, §§ 6-304, 6-305, 6-306; 1966, c
If wisdom is actually obtained up against one group to your any loan generated according to the specifications on the part, none the view neither the mortgage shall carry, throughout the big date of your view, any fees up against one cluster towards loan apart from courtroom will cost you, lawyer costs, and you can interest to the number of the new view at speed repaired by § six.2-302.
A great. One financing generated beneath the conditions of part that’s securely arranged for the a bankruptcy proceeding shall bear attention up against people group to your financing out-of 3 months following go out regarding adjudication, if there’s a best release or an extension, or no desire was deductible at all, at six per cent a year. That it limitation will not pertain (i) so you can an excellent comaker perhaps not already inside bankruptcy proceeding in the event the bankrupt was not entitled to a discharge, or (ii) in the event the sorts of duty isn’t dischargeable according to the specifications regarding Identity 11 of one’s United states Password.
B. Once 3 months on the day of your own loss of the new borrower, no other charges than simply focus from the half dozen % a-year will become determined or compiled away from people group toward mortgage abreast of new delinquent principal equilibrium of your loan
C. On period beginning six months following the date of readiness, because originally arranged otherwise as deferred in case of deferment, of any mortgage contract under the terms on the chapter, don’t fees than simply notice during the half a dozen percent annually will be calculated or gathered of one people with the mortgage abreast of the new outstanding harmony of your financing. (suite…)