Whenever credit, the further extension of existing credit, or the increase in limits of existing credit for personal, family, or household purposes is denied either wholly or partly because of information contained in a consumer report from a consumer reporting agency, the user of the consumer report shall so advise the consumer against whom such adverse action has been taken.
Ark. Code Ann. § 4-93-103
Notice of adverse action — Required
Known as the Credit Reporting Disclosure Act
The act spans §§ 4–4 (4 sections).
Acts 1989, No. 431, § 3; 1989, No. 593, § 3.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.