If a credit application is denied, how long does the consumer have to request a copy of the report?

When a credit application is denied, the Fair Credit Reporting Act (FCRA) mandates that consumers have the right to request a copy of the credit report that was used in the decision-making process. The time frame established by the FCRA for this request is 60 days following the denial. This provision is in place to ensure that consumers are informed about their credit information and have the opportunity to review it for any inaccuracies that may have affected the decision to deny credit. By allowing a 60-day window, the law provides a reasonable amount of time for the consumer to take appropriate action, such as rectifying any discrepancies in their credit report or understanding the reasons behind the denial.