Virginia § 38.2-1430 - Collateral loans
Full text of Virginia Code of Virginia § 38.2-1430 — Collateral loans, with citation guidance and answers to common questions.
§ 38.2-1430. Collateral loans
A domestic insurer may make loans secured by securities eligible for investment under this article. At the date of investment, the loan shall not exceed eighty percent of the market value of the collateral pledged. However, if the collateral consists of obligations issued, assumed or guaranteed by the United States, the loan may equal the market value of the collateral pledged.
1983, c. 457, § 38.1-217.33; 1986, c. 562.
Frequently Asked Questions About Virginia § 38.2-1430
What does Code of Virginia § 38.2-1430 cover?
Section 38.2-1430 ("Collateral loans") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 38.2-1430?
A common citation format is "Code of Virginia § 38.2-1430" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 38.2-1430 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.