What is the best web site to access for State Banking Laws subject HELOC's State of Virgina? I need to verify if balloon payments are allowed for Piggy Back HELOC'S and regulations.

CCL,

I am unaware of any restrictions on balloon payments for HELOCs at the state level. Most of the loan-related codes for Virginia Bank and Finance is at §6.2 Financial Institutions and Services.

If you follow any applicable restrictions on balloon payments under Regulation Z (high cost mortgages, for example), you should satisfy the state.

MarkB