Fair credit reporting act disclosure statement in accordance with the provisions of section 604b2a of the fair credit reporting act, public law 91508, as amended by the consumer credit reporting reform act of 1996 title ii, subtitle d, chapter 1, of public law. Information in a consumer report cannot be provided to anyone who does not have a purpose specified in the act. A compliant fcra authorization form is an acknowledgement that a preemployment background check will be conducted. The fcra is a part of a group of acts contained in the federal consumer credit protection act.
Fair credit reporting act disclosure statement shrm. The federal fair credit reporting act fcra promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. The fair credit reporting act gives everyone the right to know the details of how their credit score is calculated. A few of the most common cases that fall under permissible purpose include. I understand that, pursuant to the federal fair credit reporting act, if any adverse action is to be taken based upon the consumer report, a copy of the report and a summary of the consumers. In addition, all consumers are entitled to one free disclosure every 12 months. Well then go over a summary of your rights as a consumer set forth by the fair credit reporting act fcra according to the federal trade commission, the fcra promotes accuracy, fairness, and privacy of information in the files maintained by consumer.
An overview of the credit score disclosure requirements. Therefore, the amendments are adopted in final form. Fair credit reporting act disclosures federal register. There are many types of consumer reporting agencies, including credit bureaus and specialty agencies such as agencies. Fair credit reporting act disclosure statement motor. It may be an investigative consumer report that includes information as to your character, general reputation, personal characteristics, and mode of living. I understand that i have rights under the fair credit reporting act, including the rights discussed above. The fair credit reporting act is specific about when businesses can access your credit report. A summary of your rights under the fair credit reporting act the federal fair credit reporting act fcra promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies.
Laymans guide to the fair credit reporting act fcra by section. The fair credit reporting act fcra promotes the accuracy, fairness and privacy of the information in the files of consumer reporting agencies and provides you with certain rights. Company name fair credit reporting act disclosure statement. Information provided by you on this release form will be furnished to the consumer. The fair credit reporting act fcra is a federal law that helps to ensure the accuracy, fairness and privacy of the information in consumer credit bureau files. Under the credit card accountability, responsibility and disclosure act, credit card companies are not allowed to increase your interest rate on an existing. The fair credit reporting act includes several smaller acts that deal with various arms of the financial industry. Fair credit reporting act 1 the fair credit reporting act fcra 2. The official website of the federal trade commission, protecting americas consumers for over 100 years. Fair credit reporting act disclosure statement the. Fair credit authorization form a summary of your rights.
Model forms and disclosures federal trade commission skip navigation. This is a copy of the fair credit reporting act as posted on the website of the federal trade commission. Federal register fair credit reporting act disclosures. Congressional findings and statement of purpose 15 u. Company name fair credit reporting act disclosure statement in accordance with the provisions of section 604b2a of the fair credit reporting act, public law 91508, as amended by the consumer credit reporting act of 1996 title il, subtitle d, chapter i, of public law 104208, you are being informed that reports verifying your previous. This title may be cited as the fair credit reporting act. The law regulates the way credit reporting agencies can collect, access, use and share the data they collect in your consumer reports. On january 15, 2010, the board of governors of the federal reserve system board and the federal trade commission ftc jointly issued final rules implementing the riskbased pricing requirements under the fair credit reporting act fcra january 2010 final rules. The federal fair credit reporting act fcra promotes the accuracy, fairness, and. As an applicant for employment with norfolk southern, you are a consumer with rights under the fair credit reporting act fcra. I understand that this information is confidential and that disclosure of this information to me and to others will be governed by lsu policy and state law. Under section 609 of the fcra, a consumer reporting agency must, upon a. Fair credit reporting act disclosure statement motor vehicle record mvr in accordance with the provisions of the fair credit reporting act fcra, you are hereby informed that a motor vehicle record will be obtained on you and used for employment related purposes.
If you use them for employment screening and you do not ensure their, and your compliance with the fcra, you act at your own peril. Fair credit reporting act federal trade commission. Fair credit reporting act fcra and background checks. Acknowledgment and authorization i acknowledge receipt of the disclosure regarding background investigation and a summary of your rights under the fair credit reporting act and certify that i have read and understand both of those documents. Fair credit reporting act disclosures consumer financial protection.
Fair credit reporting act disclosure statement applicants signature date print name social security number in accordance with the provisions of section 604b2a of the fair credit reporting act, public law 91508, as amended by the consumer credit reporting act of 1996 title ii, subtitle d, chapter i, of public law 104208, you are being. Sample form to disclose to an applicant or employee that a background check will be conducted as required by the fcra. Fcra disclosure and authorization requirements goodhire. The act title vi of the consumer credit protection act protects information collected by consumer reporting agencies such as credit bureaus, medical information companies and tenant screening services. Section 601 the popular name of the law is the fair credit reporting act or the fcra for short go to section 601. Fair credit reporting act disclosure and authorization statement permission to obtain information please read carefully before signing below this document authorizes the diocese of tucson to seek andor verify specific information about my background for the purpose of evaluating my application for volunteer service andor employment with. Bureau announces the 2019 ceiling on allowable charges under section 612f of the fair credit reporting act fcra. Federal law requires an employer to make a disclosure statement and to obtain written authorization from. The federal fair credit reporting act, as amended by the consumer credit reporting.
I also understand that i have rights under the fair credit reporting act, which has been pr ovided to me by lsu. Reform act of 1996, permits the procurement of consumer credit reports. Statement on supervisory and enforcement practices regarding the fair credit reporting act and regulation v in light of the cares act. This disclosure advises you that the mvr information is a consumer report and may be obtained for employment purposes.
The jefferson county department of human resources the county, or its authorized agent, when considering your application for employment or throughout the course of your employment, may wish to obtain and use a consumer report from a consumer reporting agency. Fair credit reporting act disclosure statement in accordance with the provisions of section 604b2a of the fair credit reporting act, public law 91508, as amended by the consumer credit reporting act of 1996 title il, subtitle d, chapter i, of public law. The bureau of consumer financial protection bureau is amending regulation v, which implements the fair credit reporting act fcra, to add a section establishing a maximum allowable charge for disclosures by a consumer reporting agency to a consumer pursuant to fcra section 609. Fair credit reporting act regulation v national credit. As used herein, the hartford means hartford fire insurance company, and its subsidiaries. Before taking any adverse action based in whole or in part on your motor. In addition, all consumers are entitled to one free disclosure every 12 months upon. The credit card act is one of the three most visible parts of the fcra. The bureau of consumer financial protection bureau recognizes the serious impact the covid19 pandemic is having on the financial wellbeing of many consumers and on the.
Fair credit reporting act disclosure statement jp morgan chase bank, n. Online background screening companies and mobile apps offering similar services are subject to the fair credit reporting act. Norfolk southern may obtain and use information contained in a consumer report from a. Federal government legislation enacted to promote the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies.
The following is a summary of your rights under the fcra. Fair credit reporting act disclosure and consent form this disclosure is being provided to you by the hartford pursuant to the fair credit reporting act fcra. Complete copy of the fair credit reporting act law we provide a convenient copy of the law. The fcra is part of a group of laws contained in the federal consumer credit protection act, 15 u. Therefore, all individuals can request this information, and by law, it must be provided. Community credit union casco federal credit union 1111 polaris parkway 144 pine street po box 87 columbus, ohio 43240 lewiston, me 04240 gorham, me 04038 18003469127 2077832096 2078395588. Section 612f1a of the fair credit reporting act fcra provides that a consumer reporting agency may charge a consumer a reasonable amount for making a disclosure to the consumer pursuant to section 609 of the fcra. A compliant fcra authorization form is an acknowledgement that a pre employment background check will be conducted. When employers conduct a check of your background including credit, criminal, and past employer checks using a third party, the background check is covered by the fair credit reporting act of 1970 fcra. A summary of your rights under the fair credit reporting act. These two laws protect you from national credit bureaus and credit reporting agencies reporting inaccurate information. Fcra authorization to obtain a consumer report background. Members may download one copy of our sample forms and templates for your personal use within your organization. Fair credit reporting act disclosure statement and authorization disclosure statement a consumer report may be obtained on you for employment purposes.
Detach and retain this disclosure statement for your records. Fair credit reporting act disclosures consumer financial. It was intended to protect consumers from the willful andor negligent inclusion of inaccurate information in their credit reports. To decide whether you extend credit to you, in connection with collecting a debt, for employment purposes, and to underwrite an insurance policy. May we suggest you begin by learning all about your rights under the fair credit reporting act fcra and the new update to this law called the fair and accurate credit transactions act facta. The federal fair credit reporting act fcra promotes the accuracy, fairness. The huntington national bank casco federal credit union 1111 polaris parkway 2361 morse rd po box 87 columbus, ohio 43240 columbus, oh 43229 gorham, me 04038 18003469127 18004458460 2078395588. Beware of nonfcra online background screening companies. What is the purpose of the fair credit reporting act.