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.

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

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FAQ

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