Reply To: Business Adverse Action Credit Score Information



You have asked a very reasonable question, but the answer gets complicated.

The information about the credit score is contained in Part II of the adverse action form. That section is governed by the Fair Credit Reporting Act (FCRA). The first checkbox in Part II is required by Section 615(a)(1) if a credit report is obtained and if the credit decision is based in whole or in part on information obtained in the report. According to the information you provided Section 615 (a)(1) is not needed since the credit decision was not based on the information in the report.