This act sets up a procedure for correcting mistakes on credit records and requires that records be used only for legitimate business purposes.
A) The Fair Credit Reporting Act
B) The Electronic Funds Transfer Act
C) The Real Estate Settlement Procedures Act
D) The Consumer Leasing Act

Question

Quizplus · Accepted Answer

The Fair Credit Reporting Act specifically addresses the correction of mistakes on credit records and regulates the use of credit reports for legitimate business purposes. The other acts listed do not address these issues.

This Act Sets Up a Procedure for Correcting Mistakes on Credit