![]() They were designed to include some of the factors that creditors most commonly consider. The sample forms are illustrative and may not be appropriate for all creditors. ![]() ![]() Creditors may use or not use this additional language without losing the safe harbor, since the language is optional.ģ. Optional language in Forms C-1 through C-5 may be used to direct the consumer to the entity that provided the credit score for any questions about the credit score, along with the entity's contact information. Creditors may comply with the disclosure requirements for adverse action based on information in a consumer report obtained from an affiliate by providing either the section 615(a) or section 615(b) disclosure. In addition, a creditor must provide the section 615(b) disclosure if the creditor obtained information from an affiliate other than information in a consumer report or other than information concerning the affiliate's own transactions or experiences with the consumer. A creditor must provide the section 615(b) disclosure when adverse action is taken based on information from an outside source other than a consumer reporting agency. A creditor must provide the section 615(a) disclosure when adverse action is taken against a consumer based on information from a consumer reporting agency. Forms C-2 through C-5 contain only the section 615(a) disclosure (that a creditor obtained information from a consumer reporting agency that was considered in the credit decision). Form C-1 contains the Fair Credit Reporting Act disclosure as required by sections 615(a) and (b) of that act. Form C-10 is designed for use in notifying an applicant for nonmortgage credit that the creditor is requesting applicant characteristic information.Ģ. Form C-9 is designed for use in notifying an applicant of the right to receive a copy of appraisals under § 1002.14. Forms C-7 and C-8 are intended for use in connection with applications for business credit under § 1002.9(a)(3). Form C-6 is designed for use in notifying an applicant, under § 1002.9(c)(2), that an application is incomplete. Form C-5 is a notice of disclosure of the right to request specific reasons for adverse action under §§ 1002.9(a)(1) and (2)(ii). Forms C-1 through C-4 are intended for use in notifying an applicant that adverse action has been taken on an application or account under §§ 1002.9(a)(1) and (2)(i) of this part. This Appendix contains ten sample notification forms. See interpretation of this section in Supplement Iġ. A notice of the cost the applicant will be required to pay the creditor for the appraisal or other valuation. A telephone number that applicants may call to leave their name and the address to which a copy of the appraisal or other written valuation should be sent. If not otherwise provided under other applicable disclosure requirements, creditors may design their own form, add to, or modify the model form to reflect their individual policies and procedures.
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