FCRA Basic Certification Practice Exam

These questions are part of the practice quiz. Start practicing

• What is an investigative consumer report?
• How often can consumers obtain a free credit report under the FCRA?
• Even though the FCRA is a federal statute, individuals can file FCRA lawsuits in state courts. This statement is:
• CRA's headquartered in Colorado do not have to comply with other state versions of the FCRA. True or False?
• What is an "account review" inquiry in credit reporting?
• What does the abbreviation 'CRA' stand for?
• Are resellers required to respond to file disclosure requests under the FCRA?
• What must CRAs ensure regarding the accuracy of consumer reports?
• What defines an "end user" in the context of FCRA?
• Under the FCRA, what must be included in an adverse action notice?
• What does the FCRA require regarding the accuracy of information in consumer reports?
• If an employer learns about a job applicant's criminal history during a conversation, what is the employer's obligation?
• What is "score disclosure" under the FCRA?
• What happens if a consumer finds inaccurate information in their report according to the FCRA?
• What can consumers request to ensure their credit is not affected by inaccurate information?
• Can a CRA charge consumers for accessing their file under the FCRA?
• Which entities are primarily regulated under the FCRA?
• Are CRAs required to comply with state versions of the FCRA if they fully comply with the federal FCRA?
• What is a permissible purpose according to FCRA?
• What is the maximum civil penalty for negligent violations of the FCRA?
• Which of the following is true about CRAs and investigative consumer reports?
• What type of damages can a plaintiff recover if they prove a CRA has negligently violated the FCRA?
• Is a drug testing lab considered a CRA under the FCRA?
• Does the FCRA impose obligations on CRA's regarding how they dispose of consumer reports?
• Which of the following is NOT a requirement for using consumer reports?
• What is an "investigative consumer report"?
• Can consumers opt-out of pre-screened credit offers?
• What is categorized as "permissible purpose" under the FCRA?
• What does the "60-day rule" allow consumers to do?
• What triggers a requirement for a credit reporting agency to conduct an investigation?
• What must employers do when taking adverse action based on a consumer report?
• When does a furnisher violate the FCRA?
• What happens if a CRA learns of a consumer dispute regarding inaccuracies?
• The post adverse action notice to a job applicant should include which of the following?
• True or False: Under the FCRA, consumers can sue state and local governments if their court records regarding convictions or judgments are inaccurate.
• Which of the following is a core component of "credit repair" services?
• What is the consequence for furnishers who fail to provide accurate information?
• What does the "consumer's right to access" encompass under the FCRA?
• How long must individuals retain records after disputing information under the FCRA?
• Can an employer obtain a blanket consent from job applicants to conduct consumer reports during employment?
• Which form is commonly used to request a credit report under the FCRA?
• Are employers required to obtain consent before checking a potential employee’s credit report under the FCRA?
• Blanket disclosures by job applicants or employees are:
• Which of the following statements about investigative consumer reports is false?
• Which entity or entities can file an FCRA lawsuit or bring an enforcement action against CRAs?
• Which of the following is NOT a characteristic of a consumer report?
• True or False: A collection account older than 7 years can be included in a consumer report.
• Under the FCRA, consumer reports cannot include arrest data older than seven years. True or False?
• What is a consumer report?
• The adverse action procedures:
• Does the requirement for maintaining "reasonable procedures" apply to investigative consumer reports?
• What must an employer do after giving a job applicant a pre-adverse action notice?
• Under the FCRA, what is mandated for consumer reporting agencies regarding the data they report?
• How long does a standard fraud alert last under the FCRA?
• What does "credit repair" refer to?
• What does the "reasonable procedures" requirement in the FCRA entail?
• Do plaintiffs asserting claims for violations of the FCRA have a right to a jury trial?
• An end-user must comply with the FCRA if it performs a criminal records search on a job applicant. True or False?
• Which of the following statements about consumer reporting agencies (CRAs) is accurate?
• How can a consumer remove unverifiable information from their credit report under the FCRA?
• Are there any exemptions to the provisions of the FCRA?
• The statute of limitations on claims for FCRA violations is:
• Which scenario would require a consumer to use the "60-day rule"?
• Which agency enforces the FCRA?
• What penalties can be imposed for willful noncompliance with the FCRA?
• If a consumer believes that their credit report is inaccurate, what action should they take first?
• An end user can satisfy the adverse action requirements of the act by discontinuing contact with a consumer. True or False?
• What does "reinstate" mean regarding a credit reporting dispute?
• Under the FCRA, what happens to disputed information if it cannot be verified?
• What rights do consumers have under the FCRA?
• Which of the following is a permissible purpose for a consumer report under FCRA?
• When conducting a reinvestigation of disputed information, what must a CRA consider?
• True or False: Consumers must provide consent before a CRA can furnish their report to a third party.
• Which of the following correctly describes a credit account in a consumer report?
• What type of report is considered an "investigative consumer report" under the FCRA?
• In addition to the Federal Trade Commission, which entity is responsible for enforcing the FCRA?
• What is the primary goal of the National Consumer Assistance Plan?
• What periodic activity is required by the FCRA concerning consumer reporting agencies?
• How can consumers request a free credit report annually?
• What is a requirement for a CRA when handling a dispute?
• True or False: A CRA is not required to comply with the FCRA if it only reports publicly-available information, such as judgments and tax liens.
• Can a consumer reporting agency sell consumer reports to anyone?
• What is the primary goal of the FCRA?
• How can a consumer protect themselves against identity theft according to the FCRA?
• Which information is typically excluded from consumer reports under the FCRA?
• Legal actions for violations of the FCRA can be brought by:
• When a consumer disputes the completeness or accuracy of their information, what must the CRA do?
• Which group does not have obligations under the FCRA?
• What happens if a CRA reports inaccurate information about a consumer?
• Which of the following is NOT considered a CRA under the FCRA?
• What type of information is exempt from the FCRA's consumer report definition?
• Which entity is primarily responsible for ensuring the proper disposal of consumer reports?
• True or False: The FCRA places restrictions on what information an end-user can consider when making a hiring decision.
• What is a fraud alert?
• True or False: Under the FCRA, consumer reports cannot include arrest data that is older than seven (7) years.
• How should a consumer file a dispute with a credit reporting agency?
• What is a CRA not required to do when making a file disclosure to a consumer?
• Can Consumer Reports include information older than 7 years?
• True or False: The FCRA's time limits on reporting data apply only to negative information; favorable information can be reported forever.
• Are courts and government agencies considered "furnishers" under the FCRA?
• What recourse does a consumer have if they believe information in their consumer report is inaccurate?
• Which type of information is required to be included in a consumer's credit report?
• What does the "clear and conspicuous" requirement under the FCRA entail?
• What does "responsible use" of consumer reports require?
• Which organization primarily oversees compliance with FCRA regulations?
• What might happen if a creditor fails to provide an adverse action notice?
• When is a consumer's consent not required for a credit report?
• What is required before a consumer reporting agency can provide a consumer report for employment purposes?
• What is an adverse action notice?
• What must consumers be informed of if a negative report affects their application?
• What is the purpose of the pre-adverse action notice?
• What is included in the "Notice of Rights" provided to consumers?
• How long can negative information generally be reported under the FCRA?
• How long do consumers typically have to resolve disputes regarding their credit report?
• Under the FCRA, who are defined as "consumers"?
• Which of the following is NOT one of the basic duties of a CRA?
• Which of the following items cannot be included in a consumer report according to the FCRA?
• What is the purpose of a credit freeze?
• Which of the following is true regarding employers and adverse action requirements?
• Why do consumers have the right to dispute information in their credit reports?
• True or False: In the employment context, a consumer authorization must be in writing.
• How can identity theft impact consumers?
• Can a CRA provide a consumer report in response to a subpoena?
• In a claim under 15 USC 168e(b) for willful violation of the FCRA, what must a plaintiff prove?
• What should a consumer do if they find inaccurate information on their credit report?
• Which of the following is considered a consumer report?
• What role does the Federal Trade Commission (FTC) play in the context of the FCRA?
• Which of the following is NOT a permissible purpose for furnishing or obtaining a consumer report under the FCRA?
• What is a "soft inquiry"?
• What is essential for a consumer report that agencies must adhere to?
• If a consumer reporting agency fails to comply with FCRA requirements, what could be the potential outcome?
• What must a consumer reporting agency do if it cannot verify disputed information?
• Under what circumstances can a furnisher of information be sued under the FCRA?
• Can a corporation be the subject of a consumer report?
• If a mistake is found after an investigation of a dispute, what is the obligation of the credit reporting agency?
• Consumers must give consent for which type of report to be prepared about them?
• What procedure could a CRA take to verify that an end user has a permissible purpose to obtain consumer reports?
• What happens if a consumer disputes information in their report?
• Is an employer allowed to use an investigative consumer report for employment decisions?
• What type of information does the FCRA primarily regulate?
• What type of information is most likely to remain on a credit report for 10 years?
• What is a potential consequence if an applicant does not authorize a consumer report?
• True or False: A consumer has the right to dispute the accuracy of information in their consumer report.
• What must consumer reporting agencies do when they receive a dispute from a consumer?
• What is primarily targeted by the National Consumer Assistance Plan?
• True or False: Employers must comply with the FCRA when they obtain background checks on independent contractors.
• Which type of conviction can be included in a consumer report without a time limit?
• The FCRA "preempts" conflicting state law. What does this mean for CRAs?
• What is the statute of limitations on FCRA claims?
• The EEOC has enforcement authority over the adverse action provisions of the FCRA. True or False?
• What is the "Red Flags Rule" related to the FCRA?
• What type of information needs consent before being collected for a credit report?
• How do consumers initiate a dispute regarding incorrect information in their credit report?
• What is the responsibility of data furnishers under the FCRA?
• When is a consumer entitled to a free credit report?
• When must an employer follow adverse action procedures?
• Is a report from a private investigator that solely uses telephone interviews with friends of an applicant classified as an investigative consumer report?
• What type of inquiry typically does not impact a consumer's credit score?
• In which of the following circumstances may a CRA report negative credit information that is more than 7 years old?
• How often can consumers request their credit report for free?
• In the employment context, consumers have a right to all of the following except:
• What is the duration of an extended fraud alert under the FCRA?
• Under what circumstance must a CRA correct inaccurate information?
• Which statement is true about resellers maintaining their database of information?
• Under what circumstance do employers not need to comply with adverse action requirements?
• Are resellers obligated to perform traditional reinvestigations when a consumer disputes their information?
• If consumers wish to dispute information in their report, where can they submit their dispute?
• Can consumers recover damages under the FCRA for emotional distress?
• Are insurance companies required to comply with the provisions of the FCRA?
• What does the phrase "for employment purposes" in the definition of a consumer report include?
• If a job applicant refuses to authorize an employer to obtain a consumer report, what may the employer do?
• Under FCRA, how long does a consumer reporting agency have to investigate a dispute?
• What does "identity theft" mean in the context of the FCRA?
• What is one obligation of consumer reporting agencies under the FCRA?
• What must employers comply with when obtaining background checks for independent contractors?
• What is the primary purpose of the FCRA?
• Which of the following best describes the role of consumer reporting agencies?
• What must a CRA do upon receiving a dispute from a consumer regarding the accuracy of their information?
• What was the main purpose of Congress enacting the FCRA?
• Who is considered a "furnisher" of information as per the FCRA?