Communities and landlords are entitled to accept or deny an applicant from moving into their properties by establishing certain criteria, but in the event of a denial, certain legal practices must be followed so your community can avoid legal liability while maintaining it safe from undesired tenants. If your community or landlord denies an applicant due to a low credit score, new regulations under the Dodd-Frank Wall Street Reform and Consumer Protection Act requires you to make the following additional disclosures: If adverse action is taken based on the information in a credit report with score, the notice must now contain the following information: New Requirements: Actual numerical score used in the adverse decision Range of possible scores under the model used Key factors that adversely affected the credit score – top 4 factors are required and a 5th is required when number of credit report inquiries was one of the 4 factors. Verify Tenant Ph: 954.628.8222 E-mail: order@verifytenant.com Website: www.verifytenant.com
0 Comments
Verify Tenant is proud to announce that it will be participating as an exhibitor in the Community Association Institute-SEFL 2011 Day of Education and Trade Expo on JANUARY 22, 2011 from 8:30am - 3:30PM
at the Signature Grand in Davie. This is a great opportunity for property managers and condominium association volunteers and employees to get together and obtain the education and resources needed to govern and run their associations. Make sure to look for our booth there. We'll have all kinds of information and giveaways See you there Verify Tenant http://www.verifytenant.com The Florida Association of Residential Property Managers (FARPM ) held it's annual convention and trade show this past week in Hawk's Cay. Property Managers from across the region enjoyed two days of top notch educational speakers and had the opportunity to meet some of the industry's best and most reliable vendors, all while spending a few fabulous days in the Florida Keys. Verify Tenant was fortunate enough to be able to attend and share information about our tenant screening services with attendees. Thank you Verify Tenant http://www.verifytenant.com http://www.facebook.com/verifytenant |
Archives
February 2023
Categories
All
|