Uncategorized June 13, 2011

Denied, Where’s my letter?

That, per the Fair Credit Reporting Act, landlords must send written notice to a tenant not only if s/he is denied tenancy, but also when the tenant is approved if that approval is conditioned on an increase in the tenant’s obligations. An “adverse action notice” must be sent if any of the following occurs:

An application is rejected
An increased deposit is required
Last month’s rent is required when normally not required
A co-signer is required
The notice must include specific information regarding the applicant’s rights, how the results were obtained and how someone can dispute the results.