Connecticut General Statutes 36a-869 – (Note: This section is effective July 1, 2024.) Revocation, withdrawal or modification of specific offer based on preliminary review
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(a) A provider shall not revoke, withdraw or modify a specific offer made on or after July 1, 2024, until midnight of the third calendar day after the date of the specific offer. A specific offer may be revoked, withdrawn or modified (1) based on information obtained in the underwriting process, including, but not limited to, verification of any information provided by the recipient, or (2) at the request of the recipient.
Terms Used In Connecticut General Statutes 36a-869
- State: means any state of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, the trust territory of the Pacific Islands, the Virgin Islands and the Northern Mariana Islands. See Connecticut General Statutes 36a-2
(b) A specific offer may state that it is based on the provider’s preliminary review of application information only and is not a final approval or commitment to provide sales-based financing.