Which form is used to disclose an applicant's right to receive a copy of their credit report?

The correct answer is the Fair Credit Reporting Act disclosure. This disclosure is specifically designed to inform applicants of their rights regarding their credit reports, including the right to receive a copy of their report from credit reporting agencies. Under the Fair Credit Reporting Act, lenders are required to provide this notice to consumers when they take adverse action based on their credit reports. This ensures consumers are aware of their rights and promotes transparency in the credit reporting process.

In contrast, the Loan Estimate primarily focuses on providing borrowers with key financial details about the mortgage, such as loan terms, projected payments, and estimated closing costs, but it does not serve to outline rights regarding credit reports. The Truth in Lending Disclosure conveys important information about the terms of the loan and the cost of the credit, while the Annual Percentage Rate disclosure helps borrowers understand the total cost of borrowing expressed as a yearly rate. Neither of these discloses the specific rights associated with obtaining and reviewing credit reports, which is the focus of the Fair Credit Reporting Act disclosure.