Fair credit reporting act disclosure statement jp morgan chase bank, n. The credit card act is one of the three most visible parts of the fcra. The fair credit reporting act is specific about when businesses can access your credit report. The following is a summary of your rights under the fcra. The huntington national bank casco federal credit union 1111 polaris parkway 2361 morse rd po box 87 columbus, ohio 43240 columbus, oh 43229 gorham, me 04038 18003469127 18004458460 2078395588. Laymans guide to the fair credit reporting act fcra by section. What is the purpose of the fair credit reporting act. The federal fair credit reporting act fcra promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. Fair credit reporting act disclosure statement in accordance with the provisions of section 604b 2a of the fair credit reporting act, public law 91508, as amended by the consumer credit reporting act of 1996 title ii, subtitle d, chapter i, of public law 104208, you are being informed that reports verifying your previous. Fair credit reporting act disclosure statement in accordance with the provisions of section 604b2a of the fair credit reporting act, public law 91508, as amended by the consumer credit reporting act of 1996 title il, subtitle d, chapter i, of public law. A summary of your rights under the fair credit reporting act. Federal register fair credit reporting act disclosures. This disclosure advises you that the mvr information is a consumer report and may be obtained for employment purposes.
Federal law requires an employer to make a disclosure statement and to obtain written authorization from. A compliant fcra authorization form is an acknowledgement that a pre employment background check will be conducted. Company name fair credit reporting act disclosure statement in accordance with the provisions of section 604b2a of the fair credit reporting act, public law 91508, as amended by the consumer credit reporting act of 1996 title il, subtitle d, chapter i, of public law 104208, you are being informed that reports verifying your previous. Beware of nonfcra online background screening companies. This title may be cited as the fair credit reporting act. Under section 609 of the fcra, a consumer reporting agency must, upon a.
I also understand that i have rights under the fair credit reporting act, which has been pr ovided to me by lsu. If you use them for employment screening and you do not ensure their, and your compliance with the fcra, you act at your own peril. Fair credit reporting act 1 the fair credit reporting act fcra 2. The federal fair credit reporting act fcra promotes the accuracy, fairness, and. In addition, all consumers are entitled to one free disclosure every 12 months. Fair credit reporting act disclosure statement shrm. The federal fair credit reporting act fcra promotes the accuracy, fairness.
Detach and retain this disclosure statement for your records. Fair credit reporting act disclosure statement applicants signature date print name social security number in accordance with the provisions of section 604b2a of the fair credit reporting act, public law 91508, as amended by the consumer credit reporting act of 1996 title ii, subtitle d, chapter i, of public law 104208, you are being. On january 15, 2010, the board of governors of the federal reserve system board and the federal trade commission ftc jointly issued final rules implementing the riskbased pricing requirements under the fair credit reporting act fcra january 2010 final rules. As an applicant for employment with norfolk southern, you are a consumer with rights under the fair credit reporting act fcra. It may be an investigative consumer report that includes information as to your character, general reputation, personal characteristics, and mode of living.
Fair credit reporting act disclosure statement and authorization disclosure statement a consumer report may be obtained on you for employment purposes. The jefferson county department of human resources the county, or its authorized agent, when considering your application for employment or throughout the course of your employment, may wish to obtain and use a consumer report from a consumer reporting agency. The fair credit reporting act fcra is a federal law that helps to ensure the accuracy, fairness and privacy of the information in consumer credit bureau files. A summary of your rights under the fair credit reporting act the federal fair credit reporting act fcra promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. Under the credit card accountability, responsibility and disclosure act, credit card companies are not allowed to increase your interest rate on an existing. Fair credit reporting act disclosure statement in accordance with the provisions of section 604b2a of the fair credit reporting act, public law 91508, as amended by the consumer credit reporting reform act of 1996 title ii, subtitle d, chapter 1, of public law. When employers conduct a check of your background including credit, criminal, and past employer checks using a third party, the background check is covered by the fair credit reporting act of 1970 fcra. Fair credit reporting act disclosures consumer financial protection. May we suggest you begin by learning all about your rights under the fair credit reporting act fcra and the new update to this law called the fair and accurate credit transactions act facta. Sample form to disclose to an applicant or employee that a background check will be conducted as required by the fcra. Section 612f1a of the fair credit reporting act fcra provides that a consumer reporting agency may charge a consumer a reasonable amount for making a disclosure to the consumer pursuant to section 609 of the fcra. The bureau of consumer financial protection bureau recognizes the serious impact the covid19 pandemic is having on the financial wellbeing of many consumers and on the. Acknowledgment and authorization i acknowledge receipt of the disclosure regarding background investigation and a summary of your rights under the fair credit reporting act and certify that i have read and understand both of those documents.
Fair credit reporting act disclosures consumer financial. In addition, all consumers are entitled to one free disclosure every 12 months upon. The provider will require government issued identification and in most cases, a social security number. Therefore, the amendments are adopted in final form. It was intended to protect consumers from the willful andor negligent inclusion of inaccurate information in their credit reports. Information in a consumer report cannot be provided to anyone who does not have a purpose specified in the act. The law regulates the way credit reporting agencies can collect, access, use and share the data they collect in your consumer reports. I understand that this information is confidential and that disclosure of this information to me and to others will be governed by lsu policy and state law. Fair credit reporting act disclosures federal register. Information provided by you on this release form will be furnished to the consumer.
The federal fair credit reporting act, as amended by the consumer credit reporting. Statement on supervisory and enforcement practices regarding the fair credit reporting act and regulation v in light of the cares act. The official website of the federal trade commission, protecting americas consumers for over 100 years. Section 601 the popular name of the law is the fair credit reporting act or the fcra for short go to section 601. Norfolk southern may obtain and use information contained in a consumer report from a. The fair credit reporting act fcra promotes the accuracy, fairness and privacy of the information in the files of consumer reporting agencies and provides you with certain rights. The fair credit reporting act includes several smaller acts that deal with various arms of the financial industry. Fair credit reporting act federal trade commission. These two laws protect you from national credit bureaus and credit reporting agencies reporting inaccurate information. There are many types of consumer reporting agencies, including credit bureaus and specialty agencies such as agencies. I understand that, pursuant to the federal fair credit reporting act, if any adverse action is to be taken based upon the consumer report, a copy of the report and a summary of the consumers. Well then go over a summary of your rights as a consumer set forth by the fair credit reporting act fcra according to the federal trade commission, the fcra promotes accuracy, fairness, and privacy of information in the files maintained by consumer. Online background screening companies and mobile apps offering similar services are subject to the fair credit reporting act.
Fair credit reporting act disclosure and consent form this disclosure is being provided to you by the hartford pursuant to the fair credit reporting act fcra. Bureau announces the 2019 ceiling on allowable charges under section 612f of the fair credit reporting act fcra. Fcra authorization to obtain a consumer report background. As used herein, the hartford means hartford fire insurance company, and its subsidiaries. The bureau of consumer financial protection bureau is amending regulation v, which implements the fair credit reporting act fcra, to add a section establishing a maximum allowable charge for disclosures by a consumer reporting agency to a consumer pursuant to fcra section 609. Fair credit reporting act disclosure statement motor vehicle record mvr in accordance with the provisions of the fair credit reporting act fcra, you are hereby informed that a motor vehicle record will be obtained on you and used for employment related purposes. Fair credit reporting act disclosure and authorization statement permission to obtain information please read carefully before signing below this document authorizes the diocese of tucson to seek andor verify specific information about my background for the purpose of evaluating my application for volunteer service andor employment with. The fcra is part of a group of laws contained in the federal consumer credit protection act, 15 u. The fair credit reporting act gives everyone the right to know the details of how their credit score is calculated. A few of the most common cases that fall under permissible purpose include. Fair credit reporting act disclosure statement motor.
To decide whether you extend credit to you, in connection with collecting a debt, for employment purposes, and to underwrite an insurance policy. Complete copy of the fair credit reporting act law we provide a convenient copy of the law. Fair credit reporting act disclosure statement the. Therefore, all individuals can request this information, and by law, it must be provided. This is a copy of the fair credit reporting act as posted on the website of the federal trade commission. An overview of the credit score disclosure requirements. I understand that i have rights under the fair credit reporting act, including the rights discussed above. Before taking any adverse action based in whole or in part on your motor. Reform act of 1996, permits the procurement of consumer credit reports.
Community credit union casco federal credit union 1111 polaris parkway 144 pine street po box 87 columbus, ohio 43240 lewiston, me 04240 gorham, me 04038 18003469127 2077832096 2078395588. Fcra disclosure and authorization requirements goodhire. Company name fair credit reporting act disclosure statement. Model forms and disclosures federal trade commission skip navigation. The fcra is a part of a group of acts contained in the federal consumer credit protection act. In this guide, well cover the brief history of the credit reporting industry, and the requirements imposed on credit reporting agencies.