Loan secured by real property

9 V.I.C. § 854 — under Virgin Islands Finance Lenders.

9 V.I.C. § 854

(1) On any loan secured by real property, a licensee may not do either of the following:(1) Fail to disburse funds in accordance with a commitment to make a loan that is accepted by the applicant; or(2) Intentionally delay the closing of a loan for the sole purpose of increasing interest, costs, fees, or charges payable by the borrower.

(1) Fail to disburse funds in accordance with a commitment to make a loan that is accepted by the applicant; or

(2) Intentionally delay the closing of a loan for the sole purpose of increasing interest, costs, fees, or charges payable by the borrower.