15 U.S.C. § 1681a (Definitions): Fair Credit Reporting Act

What this document is

Fair Credit Reporting Act - 15 U.S.C. § 1681a (Definitions) is a state statute published by U.S. Government (Office of the Law Revision Counsel). It is one of the documents that insurance license exam questions are written from, including life & health, property & casualty, personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• 15 U.S.C. § 1681a(e) (investigative consumer report)

  “obtained through personal interviews with neighbors, friends, or associates of the consumer reported on or with others with whom he is acquainted or who may have knowledge concerning any such items of information.”

• 15 U.S.C. § 1681a(d)(1) (Consumer report, in general)

  “(1) In general. - The term "consumer report" means any written, oral, or other communication of any information by a consumer reporting agency bearing on a consumer's credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living...”

• 15 U.S.C. § 1681a: Section (d) (Consumer Report Exclusions)

  “the term "consumer report" does not include - (A) subject to section 1681s–3 of this title, any - (i) report containing information solely as to transactions or experiences between the consumer and the person making the report;”

• 15 U.S.C. § 1681a: Subsection (f) (Consumer Reporting Agency)

  “The term "consumer reporting agency" means any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing...”

• 15 U.S.C. § 1681a: Subsection (h) (Employment Purposes)

  “(h) The term "employment purposes" when used in connection with a consumer report means a report used for the purpose of evaluating a consumer for employment, promotion, reassignment or retention as an employee.”

• 15 U.S.C. § 1681a(k)(1) (Adverse Action)

  “(1) Actions included. - The term "adverse action" - (A) has the same meaning as in section 1691(d)(6) of this title; and (B) means - (i) a denial or cancellation of, an increase in any charge for, or a reduction or other adverse or unfavorable change in the terms of coverage or amount of, any...”

• 15 U.S.C. 1681a(q)(4) (Identity theft report)

  “(4) Identity theft report. - The term "identity theft report" has the meaning given that term by rule of the Bureau, and means, at a minimum, a report - (A) that alleges an identity theft; (B) that is a copy of an official, valid report filed by a consumer with an appropriate Federal, State, or...”

Practice this material

Questions about this source

More Federal sources sources

• Coverage for Pre-existing Conditions (Affordable Care Act) - HealthCare.govFederal guidance
• 20 C.F.R. § 404.1520 -- Evaluation of Disability in General (the five-step sequential evaluation process)Regulation
• Parts of Medicare (Medicare & You / medicare.gov)Federal guidance
• Continuation of Health Coverage (COBRA) - U.S. Department of LaborReference
• Portability of Health Coverage (HIPAA) - U.S. Department of LaborReference
• 15 U.S.C. s. 1681b: FCRA permissible purposes of consumer reportsState statute
• 15 U.S.C. s. 1681c: FCRA requirements relating to obsolete information in consumer reportsState statute
• 15 U.S.C. s. 1681d: FCRA disclosure of investigative consumer reportsState statute