Skip to content
BOL Conferences
Thread Options Tools
#28585 - 08/20/02 10:01 PM employment denial
Countess Kiwi Offline
Diamond Poster
Joined: Jun 2002
Posts: 1,815
If we pull credit on individuals that have filled out an employment application and their credit does not allow them to be considered for a position in the bank, what does the denial need to contain? Would the "other" box be checked and "employment" indicated? Would the N/A box be marked for outside source? I believe this is the information I have received in the past and want to know if this is right.
Do what you can, with what you have, where you are.
~Theodore Roosevelt~

Return to Top
General Discussion
#28586 - 08/20/02 10:36 PM Re: employment denial
SJB Offline
Diamond Poster
Joined: Jun 2002
Posts: 1,210
Kari -

First, I hope you gave the prospective employee a separate notice before you pulled the credit report.

Next, you must give the employee a copy of the report before giving them the adverse action notice. FTC says five days is reasonable and gives the applicant time to review the report and discuss (challenge or clarify) the info with the bank.

Then you give the notice. The language is prescibed by FCRA/FTC - I don't have a link handy and Andy would.
My opinions are not legal advice and are worth what you paid for them.

Return to Top
#28587 - 08/21/02 02:36 PM Re: employment denial
OnTheEdge Offline
Diamond Poster
Joined: Apr 2002
Posts: 1,677
SmallTown, USA
Seem like if we specify to the CRA that the request is for employment purposes, they supply some of the required disclosures.
The opinions expressed are mine and do not necessarily reflect those of my employer.

Return to Top