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Pulling Credit Bureau Report - Customer Notice

Answered by: 

Question: 
If a bank pulls a credit bureau report on a potential customer must it report that fact to the customer in the Notice of Action Taken?
Answer: 

No. The Notice of Action Taken is required only if you use the information in the credit report adversely against the customer.

First published on BankersOnline.com 5/26/08

First published on 05/26/2008

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