ContractsLegacy_contractsHARD
A land installment contract in Virginia:
Correct Answer
B) Is regulated under the Virginia Consumer Protection Act
Land installment contracts in Virginia are regulated, with protections for buyers under consumer protection laws.
Answer Options
A
Is prohibitedB
Is regulated under the Virginia Consumer Protection ActC
Has no regulationsD
Only for commercial propertiesVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
alternative-financing-methodsvirginia-real-estate-regulations
Key Terms:
land installment contractcontract for deedVirginia Consumer Protection Actseller financingequitable title vs legal title
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