12 CCR s 309.3

Cal. Admin. Code tit. 12, s 309.3

CALIFORNIA CODE OF REGULATIONS
TITLE 12. MILITARY AND VETERANS AFFAIRS
DIVISION 2. DEPARTMENT OF VETERANS' AFFAIRS
CHAPTER 2. VETERANS' FARM AND HOME PURCHASES
SUBCHAPTER 1. ELIGIBILITY AND QUALIFICATIONS
This database is current through 12/22/06, Register 2006, No. 51.
s 309.3. Loans Denied.

Each applicant denied a loan shall receive a statement of specific reasons
for such action from the Department. The statement of reasons shall be
confirmed in writing within thirty (30) days from the receipt of the
complete loan application package from the applicant. The Department shall
inform any applicant who is denied a loan, based on information in the
credit report, that the Department shall consider a new loan application
after a credit history has been established for a period of at least six
(6) months following the date of original submission of the denied
application.

Note: Authority cited: Section 700, Military and Veterans Code.
Reference: Section 987.56, Military and Veterans Code.

HISTORY

1. New section filed 11-12-91; operative 12-12-91 (Register 92, No. 7).

12 CCR s 309.3, 12 CA ADC s 309.3
1CAC

12 CA ADC s 309.3

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