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 ▇▇▇▇▇-▇▇▇▇▇▇▇ and Associates, LLC, 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 ▇▇▇▇▇-▇▇▇▇▇▇▇ and Associates, LLC, 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.