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Re: Notice of Adverse Action

Home Forums Fair Credit Reporting Act Notice of Adverse Action Re: Notice of Adverse Action

#2872
jholzknecht
Keymaster

An adverse action notice is required when the creditor takes adverse action, not when a consumer withdraws an application.

The risk-based pricing notice is only required when credit is granted on terms that are materially less favorable. No credit is granted when an application is withdrawn.

Are you using the risk-based pricing notice or the credit score exception notice?