Fair Credit Reporting Act

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the (FCRA) gives the consumer the right A) to know what is in their file B) to buy a new car C) to a trial by jury

A) consumer has the right to know what is in their file

credit reporting agencies the (FCRA) gives the consumer specific rights in dealing with (CRAs) or credit reporting agencies such as A) the right to trial by jury B) access to the consumer file is limited C) low interest rates D) regulation x section 8

B) access to the consumer file is limited

credit reporting agencies the (FCRA) gives the consumer the right to A) plead the 5th B) dispute inaccurate information with the Credit Reporting Agencies C) low-interest rates

B) dispute inaccurate information with the CRA

credit reporting agencies the (FCRA) gives the consumer specific rights in dealing with (CRAs) or credit reporting agencies such as A) consumer cannot as for a credit report B) section 35 higher priced mortgage loans C) consumer reporting agencies may not report outdated negative information D) escrow accounts

C) consumer reporting agencies may not report outdated negative information

penalties for violations of FCRA or the fair credit reporting agency reg V. any person who obtains information about a consumer under false pretenses will be A) placed in prision B) finned a million dollars C) fined or imprisoned for not more than 2 years D) placed in prison and fined a million dollars

C) fined or imprisoned for not more than 2 years

the (FCRA) or fair credit report gives the consumer the right to a A) low deposit C) reversel mortgage loans D) a credit report

D) a credit report

penalties for violations of FCRA or the fair credit reporting agency reg V. A) actual damages of not less than 1,000 and not more than 200000 B) punitive damages, cost of bringing the action, and attorney fees C) 100 and 1,000,000 D) not less than 100 and not more than 1,000 punitive damages, cost of bringing the action and attorneys fees

D) not less than 100 and not more than 1,000

(FCRA) stands for what

fair credit reporting act


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