The Federal Credit Reporting Acts primary provisions are to:
A) make available to the mortgagor procedures for disputing accurate information on their credit report.
B) create a rule that all credit report users provide a copy of the credit reports to the borrower.
C) provide satisfactory procedures to ensure the confidentiality and accuracy of consumer credit information.
D) allow practical procedures to deny credit to credit-worthy borrowers.

Question

Quizplus · Accepted Answer

The primary provisions of the Federal Credit Reporting Act include ensuring the accuracy and confidentiality of consumer credit information, as well as establishing procedures for disputing inaccurate information. Option A only refers to the procedure for disputing accurate information, while option B only refers to the provision of credit reports to borrowers. Option D is incorrect because the Act actually prohibits discrimination in lending based on certain protected factors.

The Federal Credit Reporting Acts Primary Provisions Are To