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Virginia · Through 9/4/2026 · Newer source version available

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

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Where this section sits in the code
  1. Title 6.2. FINANCIAL INSTITUTIONS AND SERVICES
  2. Subtitle I. GENERAL PROVISIONS
  3. Chapter 4. CERTAIN LENDING PRACTICES
  4. Article 2. LOANS SECURED BY LIEN ON REAL ESTATE

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.

Collected 2026-09-04T15:12:34Z. Source file · JSON

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