™Your Policy Risk Impact Agent
24 chapters · 957 sections in this title.
Va. Code Ann. § 6.2-500 Definitions
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As used in this chapter, unless the context requires a different meaning: "Adverse action" means a denial or revocation of credit, a change in the terms of an existing credit arrangement, or a refusal to grant credit in substantially the amount or on substantially the terms reque…
Va. Code Ann. § 6.2-501 Prohibited discrimination
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A. As used in this section, "age" means being an individual who is at least 18 years of age. B. It shall be unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction: 1. On the basis of race, color, religion, national orig…
Va. Code Ann. § 6.2-502 Notification of action on credit application
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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.
Va. Code Ann. § 6.2-503 Statement of reasons for adverse action
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A. Each applicant against whom adverse action is taken shall be entitled to a statement of reasons for the action on the application from the creditor. A creditor shall satisfy this obligation by: 1. Providing statement of reasons in writing as a matter of course to applicants ag…