Common use of Post-Adverse Action Procedures Clause in Contracts

Post-Adverse Action Procedures. If Client decides to take adverse action based upon a report provided by Xxxxx-Xxxxxxx and Associates, LLC (e.g., decline tenant application, require higher security deposit, or offer less desirable apartment), it shall issue to the Consumer notice of any adverse action taken based in part or whole on a report, including the statutorily-required notice identified in the Fair Credit Reporting Act. Among other things, such notice shall include: (1) the name, address, and telephone number of the consumer reporting agency, Xxxxx- Xxxxxxx and Associates, LLC, (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.

Post-Adverse Action Procedures. If Client C lient decides to take adverse action based upon a report R eport provided by Xxxxx-Xxxxxxx and Associates, LLC OPE N online (e.g., decline tenant application, require higher security deposit, or offer less desirable apartment), it shall issue to the Consumer C onsumer notice of any adverse action taken based in part or whole on a reportR eport, including the statutorily-required notice identified in the Fair Credit Reporting F air C redit R eporting Act. Among other things, such notice shall include: (1l) the name, address, and telephone number of the consumer reporting agency, Xxxxx- Xxxxxxx and Associates, LLCOPE 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 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 S ection 612 of the Fair F air Credit Reporting 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.