Posted By: Lablover
AI Letters / Adverse Action - 08/29/06 07:57 PM
Are the Reg B and FCRA required notices for adverse action needed on an "Additional Information" letter sent to a customer because USPA information provided by the customer does not match the credit report information used for verification. Seems to be some disagreement here because some folks feel it is necessary as the credit report has been accessed and used for verification purposes (not for the credit decision). The AI letters indicate that if no response is received this is the adverse action notice.