§ 1002.2 Definitions.
(c) Adverse action.
- 1002 (Regulation B)
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Comment for 1002.2 - Definitions
2(c) Adverse action.
- 1002 (Regulation B)
Comment for 1002.9 - Notifications
Use of the term adverse action.
- 1002 (Regulation B)
Comment for 1002.9 - Notifications
Counteroffer combined with adverse action notice.
- 1002 (Regulation B)
§ 1002.12 Record retention.
(B) The statement of specific reasons for adverse action; and
- 1002 (Regulation B)
§ 1002.9 Notifications.
(A) The statement of the action taken may be given orally or in writing, when adverse action is taken
- 1002 (Regulation B)
Comment for 1002.2 - Definitions
Denial of credit at point of sale is not adverse action except under those circumstances specified in
- 1002 (Regulation B)
§ 1002.12 Record retention.
(i) Any written or recorded information concerning the adverse action; and
- 1002 (Regulation B)
§ 1002.9 Notifications.
The statement of reasons for adverse action required by paragraph (a)(2)(i) of this section must be specific
- 1002 (Regulation B)
§ 1002.9 Notifications.
(iii) 30 days after taking adverse action on an existing account; or
- 1002 (Regulation B)
§ 1022.74 Exceptions.
(b) Adverse action notice.
- 1022 (Regulation V)
§ 1022.71 Definitions.
(a) Adverse action has the same meaning as in 15 U.S.C. 1681a(k)(1)(A).
- 1022 (Regulation V)
§ 1002.9 Notifications.
(2) Content of notification when adverse action is taken.
- 1002 (Regulation B)
§ 1002.9 Notifications.
after receiving a completed application concerning the creditor's approval of, counteroffer to, or adverse
- 1002 (Regulation B)
Comment for 1002.2 - Definitions
a customer because the customer has moved out of the card issuer's service area, the termination is adverse
- 1002 (Regulation B)
§ 1002.9 Notifications.
(ii) 30 days after taking adverse action on an incomplete application, unless notice is provided in accordance
- 1002 (Regulation B)
§ 1002.9 Notifications.
creditor satisfies the requirements of paragraph (a)(3)(i) of this section by an oral statement of the action
- 1002 (Regulation B)
Comment for 1002.2 - Definitions
the creditor's procedures, a refusal to refinance or extend the term of a business or other loan is adverse
- 1002 (Regulation B)
Comment for 1002.9 - Notifications
If a creditor bases the denial or other adverse action on a credit scoring system, the reasons disclosed
- 1002 (Regulation B)
Comment for 1002.9 - Notifications
The notification of adverse action may be given by one of the creditors to whom an application was submitted
- 1002 (Regulation B)
Comment for 1002.9 - Notifications
If a creditor uses a judgmental system, the reasons for the denial or other adverse action must relate
- 1002 (Regulation B)
Comment for 1002.2 - Definitions
The term adverse action does not include a creditor's termination of an account when the accountholder
- 1002 (Regulation B)
§ 1002.9 Notifications.
(B) Provide a written statement of the reasons for adverse action and the ECOA notice specified in paragraph
- 1002 (Regulation B)
Comment for 1002.2 - Definitions
limits (for example, under $400) but keeps open accounts with higher credit limits, the termination is adverse
- 1002 (Regulation B)
Comment for 1002.9 - Notifications
If a single adverse action notice is being provided to an applicant on behalf of several creditors and
- 1002 (Regulation B)
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