Hey guys,
There has been alot of discussion concerning this, but I am going to ask one more time exactly like this for discussion sake. Here is how our disclosure boxes look on our AA Notice:
___ Our Credit Decision was based in whole or in part on information obtained in a report from the consumer reporting agency listed below:
__ equifax
__ experian
__ transunion
___ If checked, credit score information was also used to take adverse action.
___ Our credit decision was based in whole or in part on information obtained in a report from an outside source
OK, so if we deny on something like an Appraisal - LTV is too high so we choose Unacceptable Collateral, in my past experience I understood that we checked NONE of these boxes, only the Unacceptable Collateral up in the body of the Notice, but none of these boxes here were to be checked.
Is there somewhere you can point me to in the Regulation to help guide me one way or the other?
Thanks so much!
Karen
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Trust in the Lord with ALL your heart...Prov 3:5-6