Thread Options
#793533 - 08/13/07 05:00 PM FCRA "Complet and Accurate Information"
J R Law Offline
New Poster
Joined: Aug 2007
Posts: 1
Section 623(a)(2)(B) of the FCRA requires that information reported to a CRA be complete and accurate. Where can I find the meaning of complete as it is used in this context?

When a lender only reports negative information about a consumer, would this be considered to be complete and accurate? For example, the creditor will report a delinquency but will not report prompt payments.

Return to Top
#793894 - 08/14/07 12:05 AM Re: FCRA "Complet and Accurate Information" J R Law
rlcarey Online
10K Club
Joined: Jul 2001
Posts: 78,958
Galveston, TX
I would probably be more concerned on whether this could be a fair lending issue and whether this could equate to a disparate impact in your loan servicing policies.
The opinions expressed here should not be construed to be those of my employer:

Return to Top