Adverse Action Procedures. Client certifies that before adverse action based in part or whole on a Report from sapphire Check, it shall follow all legally-required “pre-adverse action” procedures specified by applicable federal, state and/or local law.For example, if the Consumer may be denied employment or incur another adverse action based in whole or part on a Report provided bySapphire Check, Client will provide to the consumer:(1) a copy of the Report, (2) a description, in writing, of the rights of the consumer entitled “A Summary of Your Rights Under the Fair Credit Reporting Act,” and (3) a written notice containing any and all required notifications under federal, state,or local law.After providing the pre-adverse action communication described above, Client shall wait a reasonable period of time to allow the Consumer to dispute the accuracy of the report before taking any adverse action.After the appropriate waiting period, and assuming no dispute, Client will issue to the Consumer notice of any adverse action taken, including the statutorily-required notice identified in the Fair Credit Reporting Act.Among other things, such notice will include:(1) the name, address, and telephone number of the consumer reporting agency, Sapphire Check, (2) a statement that the consumer reporting agency did not make the decision to take the adverse action and is unable to provide the Consumer the specific reasons why the adverse action was taken,
Appears in 41 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Adverse Action Procedures. Client certifies that before adverse action based in part or whole on a Report from sapphire Identify Check, it shall follow all legally-required “pre-adverse action” procedures specified by applicable federal, state and/or local law.For example, if the Consumer may be denied employment or incur another adverse action based in whole or part on a Report provided bySapphire byIdentify Check, Client will provide to the consumer:(1) a copy of the Report, (2) a description, in writing, of the rights of the consumer entitled “A Summary of Your Rights Under the Fair Credit Reporting Act,” and (3) a written notice containing any and all required notifications under federal, state,or local law.After providing the pre-adverse action communication described above, Client shall wait a reasonable period of time to allow the Consumer to dispute the accuracy of the report before taking any adverse action.After the appropriate waiting period, and assuming no dispute, Client will issue to the Consumer notice of any adverse action taken, including the statutorily-required notice identified in the Fair Credit Reporting Act.Among other things, such notice will include:(1) the name, address, and telephone number of the consumer reporting agency, Sapphire Identify Check, (2) a statement that the consumer reporting agency did not make the decision to take the adverse action and is unable to provide the Consumer the specific reasons why the adverse action was taken,
Appears in 17 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Adverse Action Procedures. Client certifies that before adverse action based in part or whole on a Report from sapphire Sapphire Check, it shall follow all legally-required “pre-adverse action” procedures specified by applicable federal, state and/or local law.. For example, if the Consumer may be denied employment or incur another adverse action based in whole or part on a Report provided bySapphire by Sapphire Check, Client will provide to the consumer:(1consumer: (1) a copy of the Report, (2) a description, in writing, of the rights of the consumer entitled “A Summary of Your Rights Under the Fair Credit Reporting Act,” and (3) a written notice containing any and all required notifications under federal, state,, or local law.. After providing the pre-adverse action communication described above, Client shall wait a reasonable period of time to allow the Consumer to dispute the accuracy of the report before taking any adverse action.. After the appropriate waiting period, and assuming no dispute, Client will issue to the Consumer notice of any adverse action taken, including the statutorily-required notice identified in the Fair Credit Reporting Act.. Among other things, such notice will include:(1include: (1) the name, address, and telephone number of the consumer reporting agency, Sapphire Check, (2) a statement that the consumer reporting agency did not make the decision to take the adverse action and is unable to provide the Consumer the specific reasons why the adverse action was taken,, (3) a statement that the Consumer may obtain a free copy of the consumer report from the consumer reporting agency within 60 days pursuant to Section 612 of the Fair Credit Reporting Act, and (4) a statement that the Consumer has the right to dispute with the consumer reporting agency the accuracy or completeness of any information in a consumer report furnished by the agency. If a dispute as to the accuracy of the Report is raised by the Consumer during the waiting period, Client will afford Sapphire Check the legally-allowed time to resolve the dispute before deciding whether to take adverse action.
Appears in 1 contract
Samples: Client Agreement