{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-500.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-500.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-500.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-500.html"}],"law_id":55425,"edition_id":1,"section_id":55425,"structure_id":14220,"section_number":"6.2-500","catch_line":"Definitions","history":"1975, c. 627, \u00a7 59.1-21.20; 1977, c. 589; 2010, c. 794.","full_text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“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 requested. The term does not include a refusal to extend additional credit under an existing credit arrangement where the applicant is delinquent or otherwise in default, or where such additional credit would exceed a previously established credit limit.\n\t\t“Applicant” means any person who applies to a creditor directly for an extension, renewal, or continuation of credit, or applies to a creditor indirectly by use of an existing credit plan for an amount exceeding the previously established credit limit.\n\t\t“Credit” means the right granted by a creditor to a debtor to defer payment of debt or to incur debt and defer its payment or to purchase property or services and defer payment therefor.\n\t\t“Creditor” means any person who regularly extends, renews, or continues credit; any person who regularly arranges for the extension, renewal, or continuation of credit; or any assignee of an original creditor who participates in the decision to extend, renew, or continue credit.","order_by":null,"text":{"0":{"id":203183,"text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“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 requested. The term does not include a refusal to extend additional credit under an existing credit arrangement where the applicant is delinquent or otherwise in default, or where such additional credit would exceed a previously established credit limit.\n\t\t“Applicant” means any person who applies to a creditor directly for an extension, renewal, or continuation of credit, or applies to a creditor indirectly by use of an existing credit plan for an amount exceeding the previously established credit limit.\n\t\t“Credit” means the right granted by a creditor to a debtor to defer payment of debt or to incur debt and defer its payment or to purchase property or services and defer payment therefor.\n\t\t“Creditor” means any person who regularly extends, renews, or continues credit; any person who regularly arranges for the extension, renewal, or continuation of credit; or any assignee of an original creditor who participates in the decision to extend, renew, or continue credit.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14220,"edition_id":1,"name":"Equal Credit Opportunities","identifier":"5","label":"chapter","depth":3,"order_by":1,"parent_id":12853,"metadata":{},"date_created":"2026-06-26 03:47:20","date_modified":"2026-06-26 03:47:20","permalink":{"id":263627,"object_type":"structure","relational_id":14220,"identifier":"5","token":"6.2\/I\/5","url":"\/6.2\/I\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12853,"edition_id":1,"name":"General Provisions","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263251,"object_type":"structure","relational_id":12853,"identifier":"I","token":"6.2\/I","url":"\/6.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":55425,"structure_id":14220,"section_number":"6.2-500","catch_line":"Definitions","url":"\/6.2-500\/","token":"6.2\/I\/5\/6.2-500","metadata":false},{"id":68662,"structure_id":14220,"section_number":"6.2-501","catch_line":"Prohibited discrimination","url":"\/6.2-501\/","token":"6.2\/I\/5\/6.2-501","metadata":false},{"id":75877,"structure_id":14220,"section_number":"6.2-502","catch_line":"Notification of action on credit application","url":"\/6.2-502\/","token":"6.2\/I\/5\/6.2-502","metadata":false},{"id":86387,"structure_id":14220,"section_number":"6.2-503","catch_line":"Statement of reasons for adverse action","url":"\/6.2-503\/","token":"6.2\/I\/5\/6.2-503","metadata":false},{"id":86052,"structure_id":14220,"section_number":"6.2-504","catch_line":"Requirement of signatures of both parties to a marriage not discriminatory in a secured transaction","url":"\/6.2-504\/","token":"6.2\/I\/5\/6.2-504","metadata":false},{"id":78211,"structure_id":14220,"section_number":"6.2-505","catch_line":"Remedies for violation","url":"\/6.2-505\/","token":"6.2\/I\/5\/6.2-505","metadata":false},{"id":70801,"structure_id":14220,"section_number":"6.2-506","catch_line":"Commission regulations","url":"\/6.2-506\/","token":"6.2\/I\/5\/6.2-506","metadata":false},{"id":55591,"structure_id":14220,"section_number":"6.2-507","catch_line":"Limitation on liability","url":"\/6.2-507\/","token":"6.2\/I\/5\/6.2-507","metadata":false},{"id":71279,"structure_id":14220,"section_number":"6.2-508","catch_line":"Compliance with Equal Credit Opportunity Act constitutes compliance with chapter","url":"\/6.2-508\/","token":"6.2\/I\/5\/6.2-508","metadata":false},{"id":84094,"structure_id":14220,"section_number":"6.2-509","catch_line":"Public to be informed of rights under chapter","url":"\/6.2-509\/","token":"6.2\/I\/5\/6.2-509","metadata":false},{"id":77106,"structure_id":14220,"section_number":"6.2-510","catch_line":"Commission to investigate complaints; records to be open to public","url":"\/6.2-510\/","token":"6.2\/I\/5\/6.2-510","metadata":false},{"id":59622,"structure_id":14220,"section_number":"6.2-511","catch_line":"Credit standards discoverable","url":"\/6.2-511\/","token":"6.2\/I\/5\/6.2-511","metadata":false},{"id":71444,"structure_id":14220,"section_number":"6.2-512","catch_line":"Election of remedies","url":"\/6.2-512\/","token":"6.2\/I\/5\/6.2-512","metadata":false},{"id":84188,"structure_id":14220,"section_number":"6.2-513","catch_line":"Authority of Attorney General","url":"\/6.2-513\/","token":"6.2\/I\/5\/6.2-513","metadata":false}],"next_section":{"id":68662,"structure_id":14220,"section_number":"6.2-501","catch_line":"Prohibited discrimination","url":"\/6.2-501\/","token":"6.2\/I\/5\/6.2-501","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-500\/","history_text":"

This law was first created in 1975. The record of its establishment is cataloged in chapter 627 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1975 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1977, chapter 589; in 2010, chapter 794<\/a>.<\/p>","references":[{"id":71220,"section_number":"36-96.20","catch_line":"Additional powers of the Real Estate Board; action on real estate licenses","order_by":null,"url":"\/36-96.20\/"}],"refers_to":false,"permalink":{"id":263629,"object_type":"law","relational_id":55425,"identifier":"6.2-500","token":"6.2\/I\/5\/6.2-500","url":"\/6.2-500\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-500\/","token":"6.2\/I\/5\/6.2-500","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-500","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this chapter, unless the context requires a different meaning:\n\t\t“Adverse action<\/span>” means a denial or revocation<\/span> of credit<\/span>, a change in the terms of an existing credit<\/span> arrangement, or a refusal to grant credit<\/span> in substantially the amount or on substantially the terms requested. The term does not include a refusal to extend additional credit<\/span> under an existing credit<\/span> arrangement where the applicant<\/span> is delinquent or otherwise in default<\/span>, or where such additional credit<\/span> would exceed a previously established credit<\/span> limit.\n\t\t“Applicant<\/span>” means any person<\/span> who applies to a creditor<\/span> directly for an extension, renewal, or continuation of credit<\/span>, or applies to a creditor<\/span> indirectly by use of an existing credit<\/span> plan for an amount exceeding the previously established credit<\/span> limit.\n\t\t“Credit<\/span>” means the right granted by a creditor<\/span> to a debtor to defer payment of debt or to incur debt and defer its payment or to purchase property or services and defer payment therefor.\n\t\t“Creditor<\/span>” means any person<\/span> who regularly extends, renews, or continues credit<\/span>; any person<\/span> who regularly arranges for the extension, renewal, or continuation of credit<\/span>; or any assignee of an original creditor<\/span> who participates in the decision to extend, renew, or continue credit<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 6.2-500)\n\nAs used in this chapter, unless the context requires a different meaning:\n\t\t“Adverse action” means a denial or revocation of credit, a change\nin the terms of an existing credit arrangement, or a refusal to grant credit in\nsubstantially the amount or on substantially the terms requested. The term does\nnot include a refusal to extend additional credit under an existing credit\narrangement where the applicant is delinquent or otherwise in default, or where\nsuch additional credit would exceed a previously established credit limit.\n\t\t“Applicant” means any person who applies to a creditor directly\nfor an extension, renewal, or continuation of credit, or applies to a creditor\nindirectly by use of an existing credit plan for an amount exceeding the\npreviously established credit limit.\n\t\t“Credit” means the right granted by a creditor to a debtor to\ndefer payment of debt or to incur debt and defer its payment or to purchase\nproperty or services and defer payment therefor.\n\t\t“Creditor” means any person who regularly extends, renews, or\ncontinues credit; any person who regularly arranges for the extension, renewal,\nor continuation of credit; or any assignee of an original creditor who\nparticipates in the decision to extend, renew, or continue credit.\n\nHISTORY: 1975, c. 627, \u00a7 59.1-21.20; 1977, c. 589; 2010, c. 794.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}