Virginia Code 6.2-307: Assertion of defenses or claims by borrowers; effect of assignment.
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As to any loan to which the provisions of §§ 6.2-327 and 6.2-328 are applicable, the borrower may assert any defense or claim he may have under §§ 6.2-304 and 6.2-305 against any assignee or transferee of the contract of indebtedness.
Terms Used In Virginia Code 6.2-307
- Contract: A legal written agreement that becomes binding when signed.
- Loan: means a loan or forbearance of money. See Virginia Code 6.2-300
1987, c. 622, § 6.1-330.59; 2010, c. 794.