Under the Fair and Accurate Credit Transactions Act (FACTA) , what is the most appropriate action for a car dealer holding a paper folder of customer credit reports?
A) To follow the Disposal Rule by having the reports shredded
B) To follow the Red Flags Rule by mailing the reports to customers
C) To follow the Privacy Rule by notifying customers that the reports are being stored
D) To follow the Safeguards Rule by transferring the reports to a secure electronic file
Correct Answer:
Verified
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