Good morning.
Can someone please direct me to the regulation and section that references the info about the FACTA notice being the 5th factor on an adverse action notice.
We have always use the language from the credit report under the reasons: FACTA: NUMBER OF INQUIRES AFFECTED THE SCORE as the 5th reason if it is no the report.
Now it is pulling in as: FACTA: THE NUMBER OF INQUIRIES ON THE CONSUMERS CREDIT FILE HAS ADVERSELY AFFECTED THE CREDIT SCORE WITH NON DEROGATORY INFORMATION FOUND ON THE FILE which is found earlier in the credit report under FACTA Regulatory Messages.
I can't find or remember where that FACTA info needing to be in the adverse action came from so I can see if it references specific language.
Thanks so much.