Virginia Decodedhttps://vacode.org3742696.2-502Notification of action on credit application2026Financial Institutions and ServicesGeneral ProvisionsEqual Credit Opportunities

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.