An
adverse action notice is a document sent to an individual when their application is denied because of a credit report or a background check,
also known as a
"consumer report.
"
Under the Fair Credit Reporting Act (FCRA),
this notice is legally required when a person is denied employment,
housing,
credit,
or insurance.
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A
property management agreement is between a property owner and a manager that is hired to maintain the property.
It is common for the manager to be paid a percentage (%) of the total revenue generated from the property plus fees for maintenance,
leasing,
and evicting tenants.
A prenuptial agreement is a contract made prior to marriage that makes an agreement for the division of assets and spousal support (alimony) in the event of divorce. Prior to signing,
the couple must disclose their assets to one another and,
depending on the State,
each spouse must have their own legal representation.
A referral fee agreement is between a company and an affiliate that "refers" sales or services in exchange for compensation. The fee paid to the affiliate is commonly a percentage of the total sale or a flat fee per transaction.
The agreement may also include a fee structure for leads,
such as email addresses.
An
affidavit is used for a person ("affiant") to make a sworn statement about true and correct facts.
The sworn statement is recommended to be notarized.
If any of the facts are found to be untruthful,
the affiant could be liable for perjury.
HIPAA forms are used in accordance with the Health Insurance Portability and Accountability Act (HIPAA) of 1996.
Their purpose is to safeguard Protected Health Information (PHI) when accessing and sharing it with authorized third parties.
A
receipt is a written document acknowledging a payment that has been made.
A receipt is commonly issued after an invoice has been paid and includes transaction details,
such as payment method.
A
termination letter is used to formally end a professional or financial arrangement between two parties.
The letter is legally valid after it has been signed and delivered to one party by the other.
This type of letter is most commonly used to discontinue landlord-tenant or employment relationships.
A
mortgage pre-approval letter is a certification by a financial institution that a borrower has been guaranteed approval for a loan.
This is common when a real estate buyer is making an offer and needs to show they can close on the property.
Some sellers will require that a buyer have a pre-approval letter before even showing the property.
A
financial hardship letter is written by an individual to request temporary relief from an obligation due to extreme financial circumstances.
Commonly used after a job loss,
illness,
death,
or other unforeseen event,
this letter explains to a lender why the individual can no longer make regular payments on a mortgage,
loan,
rent,
or any other bill.
