Appendix C to Part 1002 — Sample Notification Forms
For example, if “inadequate down payment” or “no deposit relationship with us” are common reasons for taking adverse action on an application, the creditor ought to add or substitute such reasons for those presently contained on the sample forms.
Appendix C to Part 1002, Title 12 -- Sample Notification Forms
This Appendix contains ten sample notification forms. Forms C-1 through C-4 are intended for use in notifying an applicant that adverse action has been taken on an application or account under §§ 1002.9(a)(1) and (2)(i) of this part.
ECOA model and sample forms - Consumer Financial Protection Bureau
Download the ECOA model and sample forms. Editable versions of certain forms are provided on the Bureau’s ECOA GitHub page.
Free Adverse Action Notice - PDF | Word – eForms
Nov 20, 2024 · An adverse action notice is a document sent to an individual when their application is denied because of a credit report or a background check, also known as a "consumer report." Under the Fair Credit Reporting Act (FCRA), this notice is legally required when a person is denied employment, housing, credit, or insurance.
FCRA Final Notice of Adverse Action - SHRM
Sample letter of final decision to not hire based on background check results as required by the Fair Credit Reporting Act (FCRA).
Appendix C—Sample Notification Forms - Bankers Online
Form C-5 is a notice of disclosure of the right to request specific reasons for adverse action under §§ 1002.9 (a) (1) and (2) (ii). Form C-6 is designed for use in notifying an applicant, under § 1002.9 (c) (2), that an application is incomplete.
Consumer Financial Protection Circular 2023-03: Adverse action ...
Sep 19, 2023 · These forms include a checklist of sample reasons for adverse action which “creditors most commonly consider,” 6 as well as an open-ended field for creditors to provide other reasons not listed.
Many employers find it difficult to believe that Congress intended that an applicant be notified twice, both before an adverse action and after. However, the law clearly requires two notices. The purpose is to give job applicants the maximum opportunity to correct any incomplete or inaccurate reports, which could affect their chances of employment.
A sample of a Final Adverse Action Notice is included in this packet. This notice must include the following information: a) The name, address and phone number of the agency (Background Investigations, Inc.) issuing the report; b) A statement that the agency did not make the decision to take adverse action and cannot give
Sep 16, 2016 · Form C – 2 - Sample Notice of Action Taken and Statement of Reasons Date Dear Applicant: Thank you for your recent application. Your request for [a loan/a credit card/an increase in your credit limit] was carefully considered, and we regret that we are unable to approve your application at this time, for the following reason(s): Your Income: