Code of Virginia § 6.2-502. Notification of action on credit application.
54 words·~1 min read·
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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 .