Documenting Resolution of the Address Discrepancy
Answered by BOL Gurus Mary Beth Guard and Jack Holzknecht Bios
Question: Are there any specific requirements for how we document resolution of the address discrepancy? To date, FDIC has told us to just jot the explanation on the credit report. Want to make sure that will still suffice under FACTA.
Answer: There are no documentation standards in the regulations, but it would be appropriate to include such standards in the procedures you adopt as part of your Program.
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