FCRA BASIC CERTIFICATION –ADVANCED
(VERSION1) EXAM AND TEST BANK NEWEST 2025
ACTUAL EXAM COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS FROM A VERIFIED
SOURCE |ALREADY GRADED A+ (BRAND NEW
VERSION!)
True/False: Resellers maintain their own database of information, which they combine
with information from other CRA's - ANSWER-False
Which of the following is a 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. - ANSWER-D. All of Above
True/False: Consumers must provide consent to the preparation of an investigative
consumer report. - ANSWER-True
True/False: An "end user" is an entity that processes and reports information to an
employer or credit grantor. - ANSWER-False
Employers do not have to comply with the adverse action requirements 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. - ANSWER-D. It did not obtain a consumer report on the job
applicant.
, Consumers are permitted to dispute the "completeness or accuracy" of 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. - ANSWER-
C. Conduct a reasonable investigation to determine whether the disputed information is
accurate.
True/False: Under the FCRA, resellers are not required to conduct traditional
reinvestigations in the event they become aware of a consumer dispute, but must
determine whether the alleged inaccuracy is their fault.
Answer - ANSWER-True
If consumers want to dispute the accuracy of information contained in their consumer
report:
A. They can make the dispute with the CRA.
(VERSION1) EXAM AND TEST BANK NEWEST 2025
ACTUAL EXAM COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS FROM A VERIFIED
SOURCE |ALREADY GRADED A+ (BRAND NEW
VERSION!)
True/False: Resellers maintain their own database of information, which they combine
with information from other CRA's - ANSWER-False
Which of the following is a 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. - ANSWER-D. All of Above
True/False: Consumers must provide consent to the preparation of an investigative
consumer report. - ANSWER-True
True/False: An "end user" is an entity that processes and reports information to an
employer or credit grantor. - ANSWER-False
Employers do not have to comply with the adverse action requirements 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. - ANSWER-D. It did not obtain a consumer report on the job
applicant.
, Consumers are permitted to dispute the "completeness or accuracy" of 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. - ANSWER-
C. Conduct a reasonable investigation to determine whether the disputed information is
accurate.
True/False: Under the FCRA, resellers are not required to conduct traditional
reinvestigations in the event they become aware of a consumer dispute, but must
determine whether the alleged inaccuracy is their fault.
Answer - ANSWER-True
If consumers want to dispute the accuracy of information contained in their consumer
report:
A. They can make the dispute with the CRA.
