Under the Fair Credit Reporting Act, a consumer reporting agency, on request by and proper identification of the consumer, must clearly and accurately disclose to the consumer:
the nature and substance of certain information in its files on the consumer;
the sources of most of that information;
the recipients of any consumer report on the consumer furnished for employment purposes within the two-year period preceding the request, and for any other purpose within the one-year period preceding the request;
the dates, original payees, and amounts of any checks on which is based any adverse characterization of the consumer, included in the file at the time of the disclosure; and
a record of all inquiries received by the agency during the one-year period preceding the request that identified the consumer in connection with a credit or insurance transaction that was not initiated by the consumer.
Alabama Request for Disclosure Regarding Nature and Substance of Files of Consumer Reporting Agency
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How to fill out Request For Disclosure Regarding Nature And Substance Of Files Of Consumer Reporting Agency?
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FAQ
Section 603(d) defines consumer report to mean ''any written, oral, or other commu- nication of any information by a consumer reporting agency bearing on a consumer's credit worthiness, credit standing, credit ca- pacity, character, general reputation, per- sonal characteristics, or mode of living which is used or ...
Disclosures to consumers. (a) Every consumer reporting agency shall, upon request and proper identification of any consumer, clearly and accurately disclose to the consumer: (1) The nature and substance of all information (except medical information) in its files on the consumer at the time of the request.
Employment background checks also are known as consumer reports. They can include information from a variety of sources, including credit reports and criminal records.
The Fair Credit Reporting Act (FCRA) mandates that when a business pulls a credit report on someone, they must specify the reason, such as: In conjunction with a loan request. For employment purposes.
A consumer report can contain a wide variety of information including credit history, past bankruptcy, judicial records, employment records, and even online activity. This information can only be accessed with approval from the individual and is highly regulated by the Fair Credit Reporting Act (FCRA).
The long version of the report, which includes every inquiry on your file, is called a "consumer disclosure; it can only be viewed by you and not current creditors or potential future lenders.
15 U.S.C. 1681b(f). FCRA section 607(a) requires that consumer reporting companies, among other things, must require that prospective users of consumer reports ?certify the purposes for which the information is sought, and certify that the information will be used for no other purpose.? 15 U.S.C. 1681e(a).
[15 U.S.C. § 1681] (1) The banking system is dependent upon fair and accurate credit report- ing. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system.
