LAWDOG CREDIT REPORTING DICTIONARY

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The Federal Trade Commission has published three notices that it is required to prescribe under recent amendments to the Fair Credit Reporting Act (FCRA). These are: A summary of consumer rights under the FCRA; a notice setting forth the responsibilities under the FCRA of those who regularly furnish consumer report information to consumer reporting agencies; and a notice setting forth the duties of any person who uses information covered by the FCRA. These notices must be distributed by consumer reporting agencies once the amendments to the FCRA become effective on September 30, 1997. A consumer reporting agency will be in compliance with the FCRA if it provides notices substantially similar to those prescribed by the Commission. See "Notices of Rights and Duties Under the Fair Credit Reporting Act" linked here. Link does not return to this page.

The Fair Credit Reporting Act requires that a Notice To Users be sent to inform users of consumer reports of their legal obligations. A copy of the FTC  Notice To Users is linked here for illustration. Link does not return to this page.

A copy of The Fair Credit Reporting Act, As Amended, and a copy of the FTC Official Staff Commentary to the Fair Credit Reporting Act are included under "Fair Credit Reporting Resources", available from LAWDOG Credit Reporting Center, or here. Use browser return button to return. Read Notices, Caution and Disclaimer.

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