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#1673659 - 03/06/12 03:45 PM Can adverse action notices be sent electronically?
1 Peter 5:7 Offline
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1 Peter 5:7
Joined: Jun 2001
Posts: 1,339
TX
This is in the Infovault dated 7/11. Is is still good advice? Thanks.

Question: Can adverse action notices be sent electronically?
Answer: Notices of Adverse Action under Regulation B's §202.9 must be in writing if the applicant is a consumer. If and only if the creditor and the applicant have jumped through the hoops required by the E-SIGN Act with respect to such notices can the creditor send the notice electronically.
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Lending Compliance
#1673694 - 03/06/12 04:07 PM Re: Can adverse action notices be sent electronically? 1 Peter 5:7
Richard Insley Offline
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Richard Insley
Joined: Oct 2000
Posts: 10,180
Toano, VA
Yes.
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#1673756 - 03/06/12 05:14 PM Re: Can adverse action notices be sent electronically? 1 Peter 5:7
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,529
Bloomington, IN
If you need a supporting cite go to 1002.4.
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The opinions expressed are mine and they are not to be taken as legal advice.

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