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Sawyer receives conflicting instructions about FCRA credit-reporting rules credit-reporting rules. Which instruction should control?

Correct Answer

B) Use the report only for a permissible credit purpose

Consumer reports require a permissible purpose and proper FCRA/Reg V handling. The best answer is "Use the report only for a permissible credit purpose".

Answer Options
A
Use an internal exception instead of the required federal disclosure or timing rule.
B
Use the report only for a permissible credit purpose
C
Wait until a regulator asks for the file before applying the federal requirement.
D
Rely on oral agreement when the rule requires documented compliance.

Why This Is the Correct Answer

Consumer reports require a permissible purpose and proper FCRA/Reg V handling. The best answer is "Use the report only for a permissible credit purpose".

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