Which of the following must be included in an adverse action notice when a mortgage application is denied based on credit report information?
Correct Answer
B) The name and address of the credit reporting agency that provided the report
Under FCRA Section 615, adverse action notices must include the name and address of the credit reporting agency, notice of the right to obtain a free copy of the report, and the right to dispute inaccurate information.
Why This Is the Correct Answer
Under FCRA Section 615, adverse action notices must include the name and address of the credit reporting agency, notice of the right to obtain a free copy of the report, and the right to dispute inaccurate information.
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