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Sample Rejection Letter
DATE
APPLICANT NAME
APPLICANT ADDRESS
SUBJECT: $DOLLAR LOAN APPLICATION REQUEST
REJECTION LETTER
Dear APPLICANT:
After careful consideration, LENDER was unable to take favorable action on your application for
assistance. The specific reason(s) for the decision are as follows:
There is not a reasonable assurance of repayment ability (cash flow) documented.
There is insufficient collateral.
There is insufficient equity.
The proposal does not meet the eligibility requirements of the LENDER’s program.
Other
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit
applicants on the basis of race, color, religion, national origin, sex, marital status, handicap, or age
(provided that the applicant has the capacity to enter into a binding contract); and because all or parts of
the applicant’s income is derived from any public assistance program; or because the applicant has, in
good faith, exercised any rights under the Consumer Credit Protection Act. The Federal agency that
administers compliance with this law concerning this creditor is the Federal Trade Commission. If a
person believes he or she was denied assistance in violation of this law, they should contact the Federal
Trade Commission, Washington, DC 20580.
Sincerely,
LENDER REPRESENTATIVE