Latest Lending - Fair Credit Reporting Act Topics

Free Credit Reports Available -- Depending Upon the State

12/01/2004

Credit Bureau Reports Without Written Permission

10/04/2004

Can you take applications for loans over the phone and pull credit? If the customer never comes in and the request is denied, what do you do with the application that has not been signed by the customer that gives you permission to pull credit?

Difference Between Act and Regulation

04/05/2004

Can you please tell me the difference between an Act and a regulation? And is a law different than a reg or act? For example, Regulation DD is for Truth and Savings, but there is also a Truth and Savings Act.

FCRA: New and Improved?

01/01/2004

FACTA and Credit Scores

01/01/2004

Enter 'The FACT Act': Identity Theft Law Merges With FCRA

12/01/2003

Adverse Action Notices - Time for a Refresher

05/22/2003

Signature Required For Guarantor's Credit Report?

05/19/2003

When making a business loan, we often require an individual to guarantee the obligation. Under the Fair Credit Reporting Act there seems to be no question this is a "permissible" purpose to allow us to obtain a credit report on the guarantor. Does the FCRA require we obtain the guarantor's signature acknowledging that a credit report will be obtained? If so, can you direct me to the specific language.

Can we provide a copy of their credit report to a customer?

04/21/2003

Can we provide a copy of their credit report to a customer?

FCRA, Joint Accounts, and Adverse Action

01/01/2003