If adverse action is taken, credit reports must be issued within how many days of issuance or renewal?

The correct timeframe for issuing credit reports after adverse action is taken is 90 days. This requirement is outlined in the Fair Credit Reporting Act (FCRA), which mandates that if an insurer takes adverse action based on information from a credit report, they must provide the consumer with a notice that includes specific details about the action and their rights. The 90-day period allows consumers sufficient time to obtain and review their credit report, thereby enabling them to understand the reasons for the adverse action and take appropriate measures if necessary.

Other timeframes, such as 30 days, 60 days, or 120 days, do not align with the FCRA requirements for notifying consumers following adverse actions based on credit reports. Each of these options does not accurately reflect the statutory obligations imposed on insurers and creditors, making 90 days the correct and relevant choice in this context.