Skip to content

Revealing ChexSystems Report

Answered by: 

When I pull a ChexSystem report and the customer is on ChexSytems, can I tell him what is showing? I know I have to give that person an adverse action notice if I am asked what is on there.

There is no prohibition, and the credit bureau cannot prohibit you from communicating what is in the report to the consumer. They may prohibit you from handing the actual report to the consumer, and you would have to review your ChekSystem contract to see if they impose that limitation on your bank.

First published on 9/20/10

First published on 09/20/2010

Filed under: 
Filed under operations as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics