Common use of Adverse Action Procedures Clause in Contracts

Adverse Action Procedures. Client certifies that, if it is contemplating taking adverse action based in part or whole on a Report from OPENonline, it shall follow all legally-required "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 by OPENonline, 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. Client will then wait a reasonable period of time to allow the Consumer to dispute the accuracy of the Report. 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, OPENonline, (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 OPENonline the legally-allowed time to resolve the dispute before deciding whether to take adverse action.

Adverse Action Procedures. Client End-User certifies that, if it is contemplating taking that before adverse action based in part or whole on a Report from OPENonlineApplicant Insight, 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 by OPENonlineApplicant Insight, Client End-User 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 state, or local law. Client will then After providing the pre-adverse action communication described above, End-User shall wait a reasonable period of time to allow the Consumer to dispute the accuracy of the Reportreport before taking any adverse action. After the appropriate waiting period andperiod, and assuming no dispute, Client End-User 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, OPENonlineApplicant Insight, (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 Report is raised by the Consumer during the waiting period, Client End-User will afford OPENonline Applicant Insight the legally-allowed time to resolve the dispute before deciding whether to take adverse action.. End-User hereby acknowledges that it has received a copy of the Summary of Rights (16 C.F.R. Part 601xxxxx://xxxxx.xxxxxxxxxxxxxxx.xxx/f/201504_cfpb_summary_your-rights-under-fcra.pdf) and Notice of User Responsibility (16 C.F.R. Part 601 Notice-to-Users-of-Consumer-Reports-v010113.pdf )

Adverse Action Procedures. Client certifies that, if it is contemplating taking that before adverse action based in part or whole on a Report from OPENonlineSapphire 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 by OPENonlineSapphire 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 state, or local law. After providing the pre-adverse action communication described above, Client will then shall wait a reasonable period of time to allow the Consumer to dispute the accuracy of the Reportreport before taking any adverse action. After the appropriate waiting period andperiod, 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, OPENonlineSapphire 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 Report is raised by the Consumer during the waiting period, Client will afford OPENonline Sapphire Check the legally-allowed time to resolve the dispute before deciding whether to take adverse action.

Adverse Action Procedures. Client C lient certifies that, if it is contemplating taking adverse action based in part or whole on a Report R eport from OPENonlineOPE Nonline, it shall follow all legally-required "adverse action" procedures specified by applicable federal, state and/or local law. For F or example, if the Consumer C onsumer may be denied employment or incur another adverse action based in whole or part on a Report R eport provided by OPENonlineOPE Nonline, Client C lient will provide to the consumer: (1) a copy of the ReportR eport, (2) a description, in writing, of the rights of the consumer entitled "A Summary S ummary of Your Rights Y our R ights Under the Fair F air Credit Reporting R eporting Act," and (3) a written notice containing any and all required notifications under federal, state or local law. Client C lient will then wait a reasonable period of time to allow the Consumer to dispute the accuracy of the ReportR eport. After the appropriate waiting period and, assuming no dispute, Client C lient will issue to the Consumer C onsumer notice of any adverse action taken, including the statutorily-required notice identified in the Fair F air Credit Reporting R eporting Act. Among other things, such notice will include: (1) the name, address, and telephone number of the consumer reporting agency, OPENonlineOPE Nonline, (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 C onsumer the specific reasons why the adverse action was taken, (3) a statement that the Consumer C onsumer may obtain a free copy of the consumer report from the consumer reporting agency within 60 days pursuant to Section S ection 612 of the Fair Credit Reporting C redit R eporting Act, and (4) a statement that the Consumer C onsumer 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 C onsumer during the waiting period, Client C lient will afford OPENonline OPE Nonline the legally-allowed time to resolve the dispute before deciding whether to take adverse action.