Georgia Prospective User's Certification of Purposes For Which Consumer Reports Will Be Used

State:
Multi-State
Control #:
US-01415BG
Format:
Word; 
Rich Text
Instant download

Description

Consumer reporting agencies, under 15 U.S.C.A. § 1681e, must require that prospective users of consumer reports:


identify themselves,


certify the purposes for which the information is sought, and


certify that the information will be used for no other purpose.

How to fill out Prospective User's Certification Of Purposes For Which Consumer Reports Will Be Used?

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FAQ

Examples of permissible purposes include subpoenas or court orders, written instructions from the consumer, credit transactions with a consumer, employment purposes with written authorization from a consumer, insurance underwriting purposes, tenant screening, and national security investigations.

Section 603(d) defines a consumer report to include information about a consumer such as that which bears on a consumer's creditworthiness, character, and capacity among other factors. Communication of this information may cause a person, including a financial institution, to become a consumer reporting agency.

It's important to review your credit reports from the three nationwide consumer reporting companies?Equifax, TransUnion, and Experian?every twelve months to ensure they are accurate and complete.

A consumer report is any written, oral or other communication of any information by a Consumer Reporting Agency bearing on a consumer's credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living.

The correct answer is D) Verification of identity. A consumer report is typically used for evaluating an individual's creditworthiness, eligibility for insurance, and employment purposes.

Employment background checks also are known as consumer reports. They can include information from a variety of sources, including credit reports and criminal records.

(f) The term ?consumer reporting agency? means any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to ...

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Georgia Prospective User's Certification of Purposes For Which Consumer Reports Will Be Used