Answer:
In my experience most lenders provide the notice up front that you may report. If you have not made this notice in advance then yes, B-2 would be called for. You can find more on the notices here.
Changing Credit Report Status (Reg V)
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Question:
Credit Reporting: If we change a credit reporting status from current or account paid to BK or charged off, do we need to send the B-1 or B-2 notice pursuant to Reg V or some other type of notice that we are reporting negative information to the credit bureaus?
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