Pre qualification / Adverse Action

Posted By: ComplianceNewby

Pre qualification / Adverse Action - 09/08/21 04:52 PM

If we have a prequalification, the address is TBD, and we decline due to credit reasons-- are we still required to adhere to sending the adverse action within 30 days?
Posted By: rlcarey

Re: Pre qualification / Adverse Action - 09/08/21 05:01 PM

Of course you are.