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Adverse Action Notices for Inactivity?

Answered by: 
Randy Carey

Question: 
Are adverse action notices issued when credit card lines of credit are closed for inactivity?
Answer: 

No, see 202.2(c) Adverse action: (2) The term does not include: (ii) Any action or forbearance relating to an account taken in connection with inactivity, default, or delinquency as to that account

First published on BankersOnline.com 11/15/10

First published on 11/15/2010

Filed under: 
Operations
Filed under operations as: 
Adverse Action

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