Answer:
The ECOA AAN only has to be sent to the primary applicant. The FCRA AAN has to be sent to each consumer whose consumer credit report was used in part or in whole in the adverse decision.
First published on BankersOnline.com 3/19/12
Send Adverse Action Notices Together if Joint App?
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Question:
Do the adverse action notices need to be sent individually to each applicant or can they be sent together if it's a joint application?
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