Fair Credit Reporting Act

Per the Fair Credit Reporting Act, landlords must send written notice to a rental applicant 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, which credit bureau was used and how the applicant can dispute the results.

About Coldwell Banker Bain Property Management

As residential property managers for Coldwell Banker Bain Property Management Division, we manage single family residences, individual condominium units and small apartment complexes in the greater Puget Sound region. We serve Seattle, Tacoma, Anacortes, Marysville, Bainbridge Island, Lynnwood, Everett, Redmond, Bellevue and many other cities in Washington State. We also offer full service commercial property management.
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