Sentences with phrase «defines permissible purpose»
The FCRA defines permissible purpose: the circumstances under which a consumer - reporting agency can furnish a report.
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The Fair Credit Reporting Act (FCRA) defines the permissible purposes for when banks can check your consumer report and score.
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The concept of permissible purpose defines where, when, and how any institution can access your consumer report in connection with a business relationship.
Banks can check your credit report and score when they have a permissible purpose as defined under the Fair Credit Reporting Act.
A credit inquiry occurs when a potential credit grantor, potential employer, rental housing agency, or other entity with a «permissible purpose» (as defined by the Fair Credit Reporting Act) requests access to your credit report.
permissible purpose [top] As defined in 604 of the Fair Credit Reporting Act (FCRA), only specific reasons for requesting a credit report are deemed «permissible.»
By using this website and our services, you further certify that: the information you obtain from us will be used by you (and by any party to whom you furnish information so obtained) only for «permissible purposes» as defined in the Fair Credit Reporting Act (FCRA).