FCRA BASIC CERTIFICATION EXAM
QUESTIONS WITH CORRECTLY SOLVED
ANSWERS!!
1 of 38
Definition
Claims must be brought the earlier of:
Two years after the consumer learns of the violation, or five years after
the violation occurs
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Statute of Repose Time is of the Essence
, Statute of Frauds Statute of Limitations
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2 of 38
Definition
FTC/CFPB
Individual Consumers
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Resellers Potential Plaintiffs
Consumers End User
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3 of 38
Definition
Individuals protected under the FCRA
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Attorneys Lenders
, Consumers Employers
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4 of 38
Definition
Plaintiffs can recover actual damages
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Class Action Willful Violation
NOT CRAs Negligent Violation
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5 of 38
Definition
Evaluating a consumer for employment, promotion,
reassignment, or retention as an employee.
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Marketing Permissible Purpose
QUESTIONS WITH CORRECTLY SOLVED
ANSWERS!!
1 of 38
Definition
Claims must be brought the earlier of:
Two years after the consumer learns of the violation, or five years after
the violation occurs
Give this one a try later!
Statute of Repose Time is of the Essence
, Statute of Frauds Statute of Limitations
Don't know?
2 of 38
Definition
FTC/CFPB
Individual Consumers
Give this one a try later!
Resellers Potential Plaintiffs
Consumers End User
Don't know?
3 of 38
Definition
Individuals protected under the FCRA
Give this one a try later!
Attorneys Lenders
, Consumers Employers
Don't know?
4 of 38
Definition
Plaintiffs can recover actual damages
Give this one a try later!
Class Action Willful Violation
NOT CRAs Negligent Violation
Don't know?
5 of 38
Definition
Evaluating a consumer for employment, promotion,
reassignment, or retention as an employee.
Give this one a try later!
Marketing Permissible Purpose
