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Send Adverse Action Notices Electronically?

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Question: 
Can adverse action notices be sent electronically?
Answer: 

Notices of Adverse Action under Regulation B's Section 202.9 must be in writing if the applicant is a consumer. If and only if the creditor and the applicant have jumped through the hoops required by the E-SIGN Act with respect to such notices can the creditor send the notice electronically.

First published on BankersOnline.com 7/4/11

First published on 07/04/2011

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