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Which of the following statements regarding the Fair Credit Reporting Act (FCRA) is CORRECT?
A) Consumer reports are final in nature and cannot be disputed by an applicant.
B) If requested to do so, the insurance company must provide the actual consumer report to the applicant.
C) If an applicant for insurance is rejected based on a consumer report, the name of the reporting agency must be kept confidential.
D) Applicants must be notified within a short period of time that their credit report has been requested.
Answer: D) Applicants must be notified within a short period of time that their credit report has been requested.
The above question Which of the following statements regarding the Fair Credit Reporting Act (FCRA) is CORRECT?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
