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What is a Declination Letter ?
A declination letter, or adverse action notice, is given to a tenant when they are denied for a rental or when additional requirements are placed on the terms of tenancy that would not apply to other applicants.
There are several adverse actions a landlord may take against a tenant which include rejecting the tenant, requiring one or more co-signers, requiring a change in the security deposit different from a qualified tenant, or an increase in rent for this specific applicant.
AAOA's declination letter includes the information required by the FTC to be included in all adverse action notices. This includes:
AAOA strongly recommends a written notice of adverse action. While the FCRA does allow an oral notice, written communication provides proof of compliance.
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