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Code · Virginia · Title 6.2 · Chapter 4

Code of Virginia § 6.2-407. Lenders to furnish borrower with copy of appraisal.

97 words·~1 min read·/va/title-6-2/chapter-4/6-2-407

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Any lender that requires a borrower or prospective borrower to pay for an appraisal of residential real estate made in connection with a loan or application for a loan secured by the real estate shall, upon request by the borrower or prospective borrower, furnish free of charge the borrower or prospective borrower with a copy of the written appraisal or, if no written appraisal exists, with a statement of the appraised value within 10 business days of the receipt of such request.
1979, c. 101, § 6.1-2.9; 1988, c. 155; 1990, c. 7; 2010, c. 794 .
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