Adverse Action Letter
If you deny an applicant (or change the terms of the offer) the Fair Credit Reporting Act requires you notify the applicant of the denial and inform them of the source of the information you used to make your decision. This letter follows federal law and notifies the applicant accordingly. Failure to send this will subject you to numerous violations of the FCRA and the fines they assess for violators. We give you several options in this package.