Learn More - Click Here!

Thread Options
#1136803 - 02/26/09 07:58 PM Address Discrepancies
Norrie Offline
Member
Joined: Feb 2008
Posts: 67
Is there a requirement that Banks report to the NCRAs an unresolved address discrepancy, when a relationship with the customer is not established and the reason for the decline is the address discrepancy?

Return to Top
#1137890 - 02/27/09 10:48 PM Re: Address Discrepancies Norrie
Steve Doty Offline
100 Club
Joined: Mar 2007
Posts: 137
Nebraska
The only time a bank is required to report to a NCRA is if a financial institution establishes a "continuing relationship" and regulary furnishes information to a consumer reporting agency.

The fact the address discrepancy is unresolved, needs to be reponded to by your banks Identity Theft Program. You have met that requirement by attempting to verify the address. That was unsuccessful. So the appropriate response would be not to open the acccount (aka-Denial). IMO your job is done.

Return to Top

Moderator:  Lestie G