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

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Multi-State
Control #:
US-01415BG
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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.

Title: South Dakota Prospective User's Certification of Purposes For Which Consumer Reports Will Be Used Description: The South Dakota Prospective User's Certification of Purposes For Which Consumer Reports Will Be Used is a legal document that outlines the various purposes for which consumer reports will be used by prospective users in the state of South Dakota. Consumer reports, which contain sensitive personal and financial information, must be used responsibly and ethically, with the consent of the consumers involved. Keywords: South Dakota, prospective user's certification, consumer reports, purposes, legal document, personal information, financial information, responsible use, ethical use, consent Types of South Dakota Prospective User's Certification of Purposes For Which Consumer Reports Will Be Used: 1. Employment Screening: This type of certification is used by employers or hiring agencies to verify the qualifications, background, and track records of potential employees. The certification outlines the specific purposes for which consumer reports will be used in the hiring process, ensuring a fair and informed decision-making process. 2. Creditworthiness Assessment: Financial institutions, lenders, and credit agencies may require prospective users to submit this certification to obtain consumer reports for assessing an individual's creditworthiness. This certification clearly outlines that the information obtained will be used solely for evaluating credit applications, extending credit, or managing existing credit relationships. 3. Tenant Screening: Property owners, landlords, and property management companies often request this certification for accessing consumer reports to screen potential tenants. The document specifies that the information from consumer reports will be used to determine an applicant's suitability as a tenant, assess rental history, and mitigate risks associated with renting property. 4. Insurance Eligibility: Insurance companies and underwriters may require this certification to access consumer reports and evaluate an individual's insurability or eligibility for certain insurance policies. The certification details the specific purposes for which consumer reports will be utilized, such as determining premium rates, assessing risk levels, and investigating claims history. 5. Professional Licensing: Individuals applying for professional licenses, such as doctors, lawyers, or real estate agents, may need to provide a certification indicating the intended use of consumer reports. This certification ensures that the information obtained from consumer reports will be used solely for assessing an individual's background, qualifications, and character, as required for obtaining or renewing professional licenses. 6. Business Due Diligence: Companies engaging in mergers, acquisitions, or partnerships may require this certification to access consumer reports on potential business partners or other companies. This certification explicitly states that consumer reports will be used solely for the purpose of conducting due diligence investigations, evaluating business risks, or assessing financial viability. It is essential for prospective users in South Dakota to complete and submit the appropriate type of certification, relevant to their specific purposes for accessing consumer reports. This ensures compliance with state laws and regulations, privacy protection of individuals, and responsible handling of sensitive personal and financial information.

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We have put in place physical, electronic, and managerial procedures to help safeguard and help prevent unauthorized access and maintain security over the data we collect. When Consumer Reports transmits information over the Internet, we work to protect the information through the use of data encryption methods.

Examples of things that are not permissible include curiosity, litigation in connection with attempts to collect a debt, marketing, or criminal sanctions. Employees of CRAs who knowingly provide consumer reports to those who do not have a permissible purpose could face up to 2 years of imprisonment.

Before You Get a Consumer Report You must certify to the company from which you are getting the consumer report that you will use the report only for housing purposes. You may not use the consumer report for another purpose.

In compliance with the FCRA, at any time you may request a free copy of your consumer report conducted by AccuSourceHR, Inc. AccuSourceHR is a Consumer Reporting Agency (CRA) who regularly engages in the practice of assembling information on consumers for the purpose of furnishing consumer reports to third parties.

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.

Information excluded from consumer reports further include: Arrest records more than 7 years old. Items of adverse information, except criminal convictions older than 7 years. Negative credit data, civil judgments, paid tax liens, and/or collections accounts older than 7 years.

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.

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.

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Jul 12, 2022 — FCRA section 607(a) requires that consumer reporting companies, among other things, must require that prospective users of consumer reports “ ... require tha t prospective users of consumer reports “certify the purposes for which the information is sought, a nd certify that the information will be used ...Certify compliance to the company from which you are getting the applicant or employee's information. You must certify that you: notified the applicant or ... The purpose of the regulation is to establish standards for qualification of inspectors as well as for inspections and reporting. back to top. Types of Home ... How to fill out Prospective User's Certification Of Purposes For Which Consumer Reports Will Be Used? ... so that it always offers the right files for your ... 54-15-4. Time for placing security freeze. A consumer reporting agency shall place a security freeze on a consumer's credit report no later than five business ... Certify to the CRA that the above steps have been followed, that the information being obtained will not be used in violation of any federal or state equal ... End-users must (1) identify themselves, (2) certify the purpose for obtaining reports, (3) certify the information in the report will be used for no other ... Dear Taxpayer: This book is designed to assist licensees in better understanding the South Dakota Sales and Use Tax Laws, including the. 54-15-6. Request for temporary lifting of security freeze. If any consumer wishes to allow the consumer's credit report to be accessed for a specific period ...

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