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Which of the Following Statements Is True of the Limitation

Question 65

Multiple Choice

Which of the following statements is true of the limitation of the Fair Credit Reporting Act?


A) If a bank passes along any information it received from an outside source about its customer, then its credit report is not covered by the act.
B) If a bank reports only as to its own experiences, it would come under the act.
C) If a bank furnishes information about a customer related to its transactions, it would come under the act.
D) If a bank passes on information it collected from credit reporting agencies that used several sources, it would not come under the act.
E) If a bank gave its opinion as to the creditworthiness of a customer in question, it would come under the act.

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