; or (C) any special purpose financial assistance program that— (i) is carried out by a for-profit organization to meet special social needs; and (ii) meets standards prescribed in regulations by the Bureau; or (2) if the refusal is required by, or made pursuant to, a program described in paragraph (1). (d) Reason for adverse action; procedure applicable (1) In general Not later than 30 days (or such longer reasonable time as specified in regulations of the Bureau for any class of income share agreement transaction) after the date on which an ISA provider receives a completed application for an income share agreement, the ISA provider shall notify the applicant of— (A) the action taken by the ISA provider with respect to the application; (B) in the case of an adverse action, a clear and accurate disclosure of the applicant's right to a written statement of reasons in accordance with paragraph (2) within 60 days after receiving the notice under this paragraph