Is there a law for loan applications establishing a timeframe that banks or credit unions need to respond by?

I applied for a home equity loan through a credit union, and it has been past 30 days. I have called and left messages and is trying to understand my options.

Is there a law for loan applications establishing a timeframe that banks or credit unions need to respond by?
No, they don't even have to respond to you at all. However, loan companies are leary about lending right now and everything is slower. I would certainly be asking the bank rep or broker what was going on and ask them to give you a time frame. You should have received a "truth in lending" statement with in the first 10 days after the loan app was approved. If you have not received this then that may indicate that they have not received your paperwork or they may have denied your request.
Reply:30 days is usually the norm, but now with the mess the real estate in this country is in, who knows. don't do phone calls. get down there and speak to them in person. they can avoid you too easily by phone. when you are there, demand (nicely) an answer. get there now.