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October 20, 2016 By POE Knows

Prospective Resident Individualized Assessment

Property Owners/Managers are in the business of leasing quality rental housing to quality prospective residents. All applications are processed with the goal of extending an offer to lease, to qualified applicants. Unfortunately, not all applications can be approved. U.S. Justice Department filed a “Statement of Interest” in a housing lawsuit,… [Read More]

Filed Under: Business Practices, Compliance, Prospective Residents

September 15, 2016 By POE Knows

FCRA Lawsuits will Remain a Potential Threat to Employers

On May 16, 2016, the Supreme Court of the United States ruled in the case of Spokeo, Inc. v. Robins that consumers must prove “concrete injury” in class action lawsuits for alleged “bare” violations of a federal statute. However, the fact that class action lawsuits involving the federal Fair Credit… [Read More]

Filed Under: Business Practices, Compliance, FCRA

August 11, 2016 By POE Knows

Resident Individualized Assessments & Adverse Action Notifications

In view of the April 4, 2016 HUD Guidelines to Providers of Housing, POE believes it is necessary to utilize additional versions of the Adverse Action Notifications that property owners and property managers are required to send, when the owners/managers intend to decline an application placed by a prospective resident…. [Read More]

Filed Under: Business Practices, Compliance, Individualized Assessments

August 11, 2016 By POE Knows

Employment Adverse Action Notifications – Change in Conditions of Employment

Adverse Action Notifications on prospective resident applications are required to be provided by the property manager/owner when it intends to decline an applicant, AND when the property manager/owner intends to approve an applicant, with an increased security deposit and/or a guarantor. One would think it is a much simpler choice… [Read More]

Filed Under: Employers, FCRA, Individualized Assessments

July 3, 2016 By POE Knows

Prospective Resident Individualized Assessment

Property Owners/Managers are in the business of leasing quality rental housing to quality prospective residents. All applications are processed with the goal of extending an offer to lease, to qualified applicants. Unfortunately, not all applications can be approved. HUD’s April 2016 Guidance to Housing Providers strongly states that no prospective… [Read More]

Filed Under: Business Practices, Individualized Assessments, Prospective Residents

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