Adverse Action Notice definition

Adverse Action Notice means a Written Notice informing a Staff Member of an Adverse Action.

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Adverse Action Notice means a written notice issued under section 28;

Adverse Action Notice means a notice issued by an institution to a customer conveying denial or cancellation of, an increase in any charge for, or a reduction or other adverse or unfavourable change in the terms of coverage or amount of, any loan, existing or applied for, or any other action or determination adversely affecting the customer, based on customer information obtained from a Bureau;

Examples of Adverse Action Notice in a sentence

• For the avoidance of doubt, while ARC HOME may make available an Adverse Action Notice in the ARC HOME portal, Broker’s obligations in this subsection to provide ongoing disclosures are continuing in nature and require the Broker to provide a supplemental disclosure if and when new or different information becomes available.

• For the avoidance of doubt, ▇▇▇▇▇▇ acknowledges its obligation herein and understands that ARC HOME will not provide an Adverse Action Notice to Borrower.

• If a Package is submitted to, but not approved by, ARC HOME (regardless of whether ▇▇▇▇▇▇ has submitted the Package to another lender), ▇▇▇▇▇▇ agrees to timely provide the Borrower an Adverse Action Notice on behalf of Broker and ARC HOME in accordance with Applicable Law.

• Advance America will work with the Bank’s designated loan processing agent to ensure that Bank is provided timely information concerning the basis for each Adverse Action Notice relating to a rejected Application.

• Notwithstanding the foregoing, for Home Equity Lines of Credit, in the event a Package submitted to ARC HOME is not approved, ARC HOME agrees to timely provide, or make available to, the Borrower an Adverse Action Notice on behalf of the Broker and ARC HOME in accordance with Applicable Law.

More Definitions of Adverse Action Notice

Adverse Action Notice means a Written Notice informing a Practitioner of an Adverse Action.

Adverse Action Notice means a written notice issued under section 28; “applicant” means a person who makes an application, under section 5, for a

Adverse Action Notice shall be defined as an appropriately completed notice in compliance with Regulation B and applicable law required to be provided to CUSTOMERS whose TRANSACTIONS are not approved by the BANK in its sole discretion.

Adverse Action Notice means a written notice issued by a credit provider to a data subject notifying the data subject of any action or determination which—

Adverse Action Notice shall be defined as an appropriately completed notice in compliance with Equal Credit Opportunity Act (ECOA), , Regulation B, and applicable law required to be provided to CUSTOMERS who are not eligible for for the PROGRAM.

Adverse Action Notice. The notice required by the Equal Credit Opportunity Act advising a credit applicant or existing debtor of the denial of their request for credit or advising of a change in terms considered unfavorable to the account holder. AER: Annual earnings rate on an investment.

Adverse Action Notice has the meaning ascribed thereto in Section 17.1(c).