FCRA Compliance Clause Samples

FCRA Compliance. Customer hereby acknowledges that Customer is solely responsible for its compliance with the Fair Credit Reporting Act (“FCRA”) and any applicable state and local consumer reporting laws, in connection with its use of the Credit Report Service Feature and agrees to comply with all Terms of the Fair Credit Reporting Agreement attached hereto as Addendum 1.

FCRA Compliance. The SUBSCRIBER will comply with all the provisions of Public Law 91-508 (Fair Credit Reporting Act) and all other applicable statutes, both state and federal.

FCRA Compliance. Stripe is not a consumer reporting agency as defined in the FCRA. Except as Stripe’s authorized representative approves, you must not use any Connections Data (a) in any way as a consumer report; or (b) to generate a consumer report under FCRA.

FCRA Compliance. Lenders Protection shall be solely responsible for providing CNA with information on loans that were refused coverage under the Policies due to information in the borrower’s credit file. CNA may designate a vendor, subject to approval by Lenders Protection, which approval shall not be unreasonably withheld (an “Approved Vendor”). The Approved Vendor shall be bound by confidentiality obligations and CNA may deliver such denial information to such Approved Vendor for delivery as required by applicable Law. CNA understands, acknowledges and agrees that CNA will be responsible for any improper use or distribution of such information by the Approved Vendor. Such denial information shall be provided to CNA within at least [***] after such application is declined. This data will include the information requested by CNA in order to comply with the Fair Credit Reporting Act (“FCRA”) regulations concerning adverse action notices and any other information reasonably required by CNA. Table of Contents

FCRA Compliance. Written Instructions. Client shall substantially comply with the following web site requirements: (1) Client will prominently display a message specifically informing the consumer that his or her credit profile will be consulted for the purpose for which it is to be used and no other purpose, and that clicking on the “I AGREE” button following such notice constitutes written instructions to the Client under the FCRA. Client agrees that the notice provided by Client will be substantially as follows: “You understand that by clicking on the I AGREE button immediately following this notice, you are providing ‘written instructions’ to (Client) under the Fair Credit Reporting Act authorizing (Client) to obtain information from your personal credit profile or other information from Experian. You authorize (Client) to obtain such information solely to conduct a pre-qualification for a firm offer of credit. (2) The “I AGREE” button must immediately follow the notice provided for above. The notice and “I AGREE” button must be separate from any other notice or message contained on the web site. (3) The terms to which the consumer is agreeing immediately preceding the consensual click must be viewable by the consumer. (4) The consumer must not be able to proceed in the process without affirmatively agreeing to the terms in the notice. (5) The consumer must be provided with a statement of the hardware and software requirements for access to and retention of the terms to which he or she is agreeing, including their consent, and must consent in a manner that reasonably demonstrates that the consumer can access information in the electronic form that will be used to provide the information that is the subject of the consent. (6) The record of the consumer’s ‘written instruction’ by clicking “I AGREE” must be retained by Client in a form that is capable of being accurately reproduced for later reference by the parties.

FCRA Compliance. Lenders Protection shall be solely responsible for communicating to American National which applicants for loans should receive an adverse action notice as required by Applicable Law because such applicants were refused coverage under the Policies due to information in the borrower's credit file. [***] Lender’s Protection shall generate and send a data file to American National that will contain each adverse action applicant, including the most relevant reasons for each adverse action. Such data file will include the information requested by American National in order to comply with the Fair Credit Reporting Act (“FCRA”) regulations concerning adverse action notices and any other information reasonably required by American National. Such denial information shall be provided to American National within at least [***] after each application is declined. American National, or its designated vendor, (which vendor is subject to approval by Lenders Protection, which approval shall not be unreasonably withheld, conditioned, or delayed (an "Approved Vendor")), shall be responsible for mailing the adverse action notices to consumers. In the event an approved Vendor is used by American National, the Approved Vendor shall be bound by confidentiality obligations and American National may deliver such denial information to such Approved Vendor for delivery as required by Applicable Law. American National understands, acknowledges and agrees that American National will be responsible for any improper use or distribution of such information by the Approved Vendor. In the event a consumer responds to an adverse action provided hereunder, Lenders Protection will respond to such consumer in the same manner of communication used by the consumer (i.e., telephone or mail).

FCRA Compliance. The Software is not intended to be used and may not be used to make employment decisions, including hiring, retention, promotion, or reassignment, or to determine eligibility for credit, insurance, employment, or other purpose that would qualify the Software as a consumer report under the Fair Credit Reporting Act (the “FCRA”). FirstTwo is not a “consumer reporting Customer” as that term is defined in the FCRA and the Software and other data or information that may be provided by FirstTwo do not constitute “consumer reports” as that term is defined in the FCRA.

FCRA Compliance. Company certifies that it has a legitimate business need, in connection with business transactions involving consumers, for the information provided by TeleCheck. Company certifies that the information provided by TeleCheck will only be used for permissible purposes

FCRA Compliance. Company certifies that it has a legitimate business need, in connection with business transactions initiated by consumers, for the information provided by TeleCheck. Company certifies that the information provided by TeleCheck will only be used for permissible purposes under the Fair Credit Reporting Act, will not be used for employment purposes, and will not be used by Company for any purpose other than one transaction between Company and a consumer. Company and their agents or employees shall not disclose the results of any inquiry made to TeleCheck except to the consumer about whom such inquiry is made. If Company rejects any item (in whole or in part) because of the information obtained from TeleCheck, Company shall provide to consumers all information required by applicable legal requirements.