Which of the following best describes credit reports?
A) Organizations must advise and receive written consent from the applicant when they request a credit report.
B) Organizations can request a report on any employee at any time without consent.
C) Organizations do not have to inform applicants if adverse decisions are made based on information in the report.
D) Organizations cannot make adverse decisions based on information in such a report.

Question

Quizplus · Accepted Answer

Organizations are required to inform individuals and obtain their written consent before requesting their credit report. This ensures transparency and protects the individual's privacy rights.

Which of the Following Best Describes Credit Reports