Virginia Code 6.2-511: Credit standards discoverable
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Nothing in this chapter shall be construed to prohibit the discovery of a creditor‘s standards for granting credit, which discovery shall be under appropriate discovery procedures in the court in which an action is brought.
Terms Used In Virginia Code 6.2-511
- 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. See Virginia Code 6.2-500
- 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. See Virginia Code 6.2-500
- Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
1977, c. 589, § 59.1-21.27; 2010, c. 794.