Verifytenant
  • Home
  • About
    • Services
  • Landlords
    • SmartMove Credit
  • Managers & Realtors
  • Blog
  • Contact Us
  • Resources
  • Member Login

keep it safe, keep it legal

7/13/2011

0 Comments

 
Picture
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

    Archives

    February 2023
    January 2023
    December 2022
    May 2021
    January 2021
    April 2020
    December 2019
    November 2019
    May 2019
    January 2019
    December 2018
    May 2018
    April 2018
    November 2017
    December 2016
    November 2016
    September 2016
    August 2016
    July 2016
    May 2016
    April 2016
    March 2016
    July 2015
    May 2015
    April 2015
    November 2014
    October 2014
    September 2014
    May 2014
    January 2014
    October 2013
    September 2013
    October 2012
    June 2012
    July 2011
    January 2011
    November 2010
    May 2010
    April 2010

    Categories

    All
    Credit Score
    Fico
    Fun
    Identity Theft
    International Criminal
    LAW
    MADISON
    TENANT SCREENING
    Tips
    VerifyTenant
    WISCONSIN

    RSS Feed

    View my profile on LinkedIn
 FAQ|Privacy Policy |Terms & Conditions| Contact Us 



Online Payments
Official PayPal Seal
Picture
Picture
Picture
Copyright (c) 2014 Verify Tenant. All rights reserved.                                                                                                                                                                 
Photos used under Creative Commons from romanboed, StockMonkeys.com, MDGovpics, Tess Aquarium
  • Home
  • About
    • Services
  • Landlords
    • SmartMove Credit
  • Managers & Realtors
  • Blog
  • Contact Us
  • Resources
  • Member Login