South Dakota Notice of Adverse Action — Non-Employmen— - Due to Consumer Investigative Report is a legal document that notifies individuals of an unfavorable decision made based on their consumer investigative report. This report contains personal and financial information gathered by consumer reporting agencies. The purpose of the South Dakota Notice of Adverse Action — Non-Employment is to inform individuals about adverse actions taken against them due to the information provided in their consumer investigative report. Adverse actions can include denial of credit, insurance, rental applications, or any other decision impacting an individual's financial or personal status. There are several types of adverse actions that can be communicated through this notice. Some examples include: 1. Denial of Credit: If a financial institution denies credit to an individual based on their consumer investigative report, they are required to issue this notice. The bank or lender must provide detailed reasons for the denial along with information on the credit reporting agency that provided the report. 2. Insurance Application Rejection: If an insurance company rejects an individual's application based on their consumer investigative report, they must provide a Notice of Adverse Action. The notice should contain specific details regarding the reasons for the rejection and the reporting agency involved. 3. Rental Application Denial: Landlords or rental agencies may issue this notice to applicants if they decide to deny their rental application due to information found in their consumer investigative report. The notice should clarify the reasons for the denial and mention the credit reporting agency used. 4. Non-Employment Decision: Employers may also issue a South Dakota Notice of Adverse Action — Non-Employment if they choose not to hire an individual based on their consumer investigative report. This notice should explain the reasons for the decision and provide contact details of the reporting agency. It is essential for individuals to understand their rights and the information used against them in the adverse action decision. The South Dakota Notice of Adverse Action — Non-Employmen— - Due to Consumer Investigative Report ensures transparency and gives individuals an opportunity to dispute any incorrect or misleading information contained within the report. Remember that this is a general description of a South Dakota Notice of Adverse Action — Non-Employmen— - Due to Consumer Investigative Report. The specific requirements and details may vary, and it is always recommended consulting with legal professionals or relevant authorities for precise information.