Posted By: 1 Peter 5:7
Can adverse action notices be sent electronically? - 03/06/12 03:45 PM
This is in the Infovault dated 7/11. Is is still good advice? Thanks.
Question: Can adverse action notices be sent electronically?
Answer: Notices of Adverse Action under Regulation B's ยง202.9 must be in writing if the applicant is a consumer. If and only if the creditor and the applicant have jumped through the hoops required by the E-SIGN Act with respect to such notices can the creditor send the notice electronically.
Question: Can adverse action notices be sent electronically?
Answer: Notices of Adverse Action under Regulation B's ยง202.9 must be in writing if the applicant is a consumer. If and only if the creditor and the applicant have jumped through the hoops required by the E-SIGN Act with respect to such notices can the creditor send the notice electronically.