Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-2.9 Lenders to furnish borrower with copy of appraisal

§ 6.1-2.9. Lenders to furnish borrower with copy of appraisal

Any lender which requires a borrower or prospective borrower to pay for a residential appraisal made in connection with a loan or loan application shall, upon request by the borrower or prospective borrower, furnish free of charge such 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 ten business days of the receipt of such request.

(1979, c. 101; 1988, c. 155; 1990, c. 7.)

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Last modified: April 2, 2009