FCRA definition

FCRA means Fair Credit Reporting Act, 15 U.S.C. Section 1681, et seq. and Equal Credit Opportunity Act, 15 U.S.C. Section 1681, et seq.

FCRA means the federal Fair Credit Reporting Act, codified at 15 U.S.C. § 1681 et seq., and the Federal Trade Commission's Official Staff Commentary to the Fair Credit Reporting Act.

FCRA means the Fair Credit Reporting Act.

Examples of FCRA in a sentence

• If a person takes an adverse action involving insurance, employment, or a credit transaction initiated by the consumer, based on information of the type covered by the FCRA, and this information was obtained from an entity affiliated with the user of the information by common ownership or control, Section 615(b)(2) requires the user to notify the consumer of the adverse action.

• All users must have a permissible purpose under the FCRA to obtain a consumer report.

• If a user takes any type of adverse action as defined by the FCRA that is based at least in part on information contained in a consumer report, Section 615(a) requires the user to notify the consumer.

• Failure to comply with the FCRA can result in state government or federal government enforcement actions, as well as private lawsuits.

• If a person denies (or increases the charge for) credit for personal, family, or household purposes based either wholly or partly upon information from a person other than a CRA, and the information is the type of consumer information covered by the FCRA, Section 615(b)(1) requires that the user clearly and accurately disclose to the consumer his or her right to be told the nature of the information that was relied upon if the consumer makes a written request within 60 days of notification.

More Definitions of FCRA

FCRA means the Federal Credit Reform Act of 1990, P.L. 101-508, 104 Stat. 1388-609 (1990), as amended by P.L. 105-33, 111 Stat. 692 (1997).

FCRA means the Fair Credit Reporting Act, 15 U.S.C. 1681 et seq.

FCRA means the Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq., and any amendments thereto.

FCRA means the Fair Credit Re- porting Act (15 U.S.C. 1681, et seq.).

FCRA is defined in Section 3.1(g).

FCRA means the Fair Credit Reporting Act of 1970, as amended, 15 U.S.C. § 1681.

FCRA means the federal Fair Credit Reporting Act, 15 U.S.C.