FCRA BASIC CERTIFICATION – ADVANCED
(VERSION 1) ACTUAL EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS
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Terms in this set (70)
True/False: Resellers maintain their False
own database of information, which
they combine with information from
other CRA's
,Which of the following is a D. All of Above
reasonable procedure that a CRA
could take to ensure that an end user
has a permissible purpose to obtain
consumer reports?
A. On site inspection of the end user's
place of business
B. Checking the end user's references
C. the end user's business license and
corporate formation documents.
D. All of Above
E. CRAs are not required to
reasonably ensure that end users
have a permissible purpose.
True/False: Consumers must provide True
consent to the preparation of an
investigative consumer report.
True/False: An "end user" is an entity False
that processes and reports
information to an employer or credit
grantor.
, Employers do not have to comply D. It did not obtain a consumer report on the job
with the adverse action requirements applicant.
if:
A. The criminal history disclosed on a
consumer report would automatically
disqualify the job applicant from
employment, e.g., a conviction for a
violent crime like murder or rape.
B. The job applicant is not a U.S.
citizen.
C. The employer has U.S. operations,
but is headquartered overseas.
D. It did not obtain a consumer report
on the job applicant.
E. None of the above.
Consumers are permitted to dispute C. Conduct a reasonable investigation to determine
the "completeness or accuracy" of whether the disputed information is accurate.
any information in their file. In
response, a CRA must do what?
A. Issue an immediate refund to the
end user.
B. Notify the end user of the dispute
within 24 hours.
C. Conduct a reasonable
investigation to determine whether
the disputed information is accurate.
D. Request a copy of the pre-adverse
action letter provided to the
consumer.
(VERSION 1) ACTUAL EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (70)
True/False: Resellers maintain their False
own database of information, which
they combine with information from
other CRA's
,Which of the following is a D. All of Above
reasonable procedure that a CRA
could take to ensure that an end user
has a permissible purpose to obtain
consumer reports?
A. On site inspection of the end user's
place of business
B. Checking the end user's references
C. the end user's business license and
corporate formation documents.
D. All of Above
E. CRAs are not required to
reasonably ensure that end users
have a permissible purpose.
True/False: Consumers must provide True
consent to the preparation of an
investigative consumer report.
True/False: An "end user" is an entity False
that processes and reports
information to an employer or credit
grantor.
, Employers do not have to comply D. It did not obtain a consumer report on the job
with the adverse action requirements applicant.
if:
A. The criminal history disclosed on a
consumer report would automatically
disqualify the job applicant from
employment, e.g., a conviction for a
violent crime like murder or rape.
B. The job applicant is not a U.S.
citizen.
C. The employer has U.S. operations,
but is headquartered overseas.
D. It did not obtain a consumer report
on the job applicant.
E. None of the above.
Consumers are permitted to dispute C. Conduct a reasonable investigation to determine
the "completeness or accuracy" of whether the disputed information is accurate.
any information in their file. In
response, a CRA must do what?
A. Issue an immediate refund to the
end user.
B. Notify the end user of the dispute
within 24 hours.
C. Conduct a reasonable
investigation to determine whether
the disputed information is accurate.
D. Request a copy of the pre-adverse
action letter provided to the
consumer.
