Which piece of information is not required to be included in an adverse action notice?

An adverse action notice is a communication that lenders must send to applicants when they deny a credit application or take other negative action based on the information obtained during the application process. The purpose of this notice is to ensure transparency and fairness in lending practices.

The correct choice, indicating that the applicant's full credit report is not required to be included in an adverse action notice, aligns with regulatory guidelines. While the notice must provide specific information about the action taken and the reasons for it, it does not require the inclusion of the applicant's entire credit report. Instead, the notice must inform the applicant of their right to obtain a free copy of their credit report and to dispute any inaccuracies.

The other options, however, are necessary components of an adverse action notice. The name and address of the credit union must be included so that the applicant knows which institution is communicating the decision. The nondiscrimination statement is also essential to demonstrate the lender's adherence to fair lending practices, ensuring that applicants are aware of their rights regarding discrimination. Lastly, including the NCUA's address is important, as it provides a point of contact for applicants who may have questions or complaints related to the lending decision.