Conditional applicant approval with adverse action
I have an applicant I am considering conditionally approving due to a bad credit score. The condition is a higher security deposit. I know I have to send an Adverse Action notice, but I imagine the applicant will ask what issue caused the conditional part of the approval. Is there any problem with letting the applicant know it is due to a bad credit score? I wouldn't think so, but all of the AA forms I've found do not seem to give the option to specify the reason for the AA notice other than noting it is something from a consumer report. I also understand the AA forms are most likely often used for rejections and in those cases I'm sure landlords have no desire to continue the communication with the applicant, but what about in this situation where I am considering conditional approval? Is there any reason to not let them specifically know it is due to a bad credit score and that is why a higher security deposit is being required? Thanks!