If a savings and loan association rejects an application for a residential mortgage, the association shall give the applicant, on request, written notice of the rejection.

Added by Acts 1980, c. 856, § 2, eff. July 1, 1980. Amended by Acts 1986, c. 282, § 1, eff. June 1, 1986.

Formerly Art. 23, § 161LL-1.