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#2135050 - 06/20/17 08:31 PM Adverse Action Notice for Overdraft Line of Credit
corporate audit Offline
Junior Member
Joined: May 2008
Posts: 31
Does an adverse action notice for a declined Overdraft Line of Credit product need to include the following ECOA disclosure:
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is [name and address as specified by the appropriate agency or agencies listed in appendix A of this part]?

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Lending Compliance
#2135062 - 06/20/17 09:15 PM Re: Adverse Action Notice for Overdraft Line of Credit corporate audit
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 78,631
Galveston, TX
All adverse action notices for credit applications have to include it.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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