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Notice of Negative/Inaccurate Information

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Question: 
The Notice of Negative Information and the Notice of Inaccurate Information..Are these both required on commercial real estate loans?
Answer: 

Do you report your commercial real estate loans to a nationwide consumer credit reporting agency? If so, you would have to provide the Notice of Negative Information no later than 30 days after reporting. I have no idea what a Notice of Inaccurate Information might be.

First published on 06/20/2021

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