Within 30 days, or such longer reasonable time as specified in regulations of the Commission for any class of credit transaction, after receipt of a completed application for credit, a creditor shall notify the applicant of its action on the application.
1977, c. 589, § 59.1-21.21:1; 2002, c. 747; 2010, c. 794.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 5 - Equal Credit Opportunities
§ 6.2-501. Prohibited discrimination
§ 6.2-502. Notification of action on credit application
§ 6.2-503. Statement of reasons for adverse action
§ 6.2-505. Remedies for violation
§ 6.2-506. Commission regulations
§ 6.2-507. Limitation on liability
§ 6.2-508. Compliance with Equal Credit Opportunity Act constitutes compliance with chapter
§ 6.2-509. Public to be informed of rights under chapter
§ 6.2-510. Commission to investigate complaints; records to be open to public
§ 6.2-511. Credit standards discoverable