Whenever credit for personal, family, or household purposes involving a consumer is denied or the charge for the credit is increased either wholly or partly because of information obtained from a person other than a credit reporting agency bearing on the consumer's creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living, certain requirements must be met. The user of such information, when the adverse action is communicated to the consumer, must clearly and accurately disclose the consumer's right to make a written request for disclosure of the information. If such a request is made and is received within 60 days after the consumer learned of the adverse action, the user, within a reasonable period of time, must disclose to the consumer the nature of the information.
Arizona Notice of Increase in charge of Credit Based on Information Received From Person Other Than Consumer Reporting Agency is a legal document that informs consumers about an impending increase in charges on their credit accounts based on information obtained from a source other than a consumer reporting agency. This notice is intended to ensure transparency and provide consumers with an opportunity to review and dispute any incorrect or outdated information before the charges are increased. Keywords: Arizona Notice of Increase in Charge, Credit Based on Information Received, Person Other Than Consumer Reporting Agency, legal document, consumers, increase in charges, credit accounts, transparency, review, dispute, incorrect information, outdated information. There are no specific types of Arizona Notice of Increase in charge of Credit Based on Information Received From Person Other Than Consumer Reporting Agency. However, the content and structure may vary depending on the specific credit institution or organization issuing the notice.
