Reconciling Addresses on CRAs for Loans Answered by BOL Gurus Mary Beth Guard and Jack Holzknecht Bios
Question: Will we be required to reconcile addresses on CRAs for loans the bank will decline?
Answer: You must form a reasonable belief that a consumer report relates to the consumer about whom you have requested the report, every time you receive a notice of address discrepancy. You only have to confirm the accuracy of the address when you establish a continuing relationship.
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