FCRA Basic Certification - Advanced
(Version 1) ACTUAL UPDATED
QUESTIONS AND CORRECT ANSWERS
True/False: Resellers maintain their own database of information, which they combine with
information from other CRA's - CORRECT ANSWERS✅✅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. -
CORRECT ANSWERS✅✅D. All of Above
True/False: Consumers must provide consent to the preparation of an investigative consumer
report. - CORRECT ANSWERS✅✅True
True/False: An "end user" is an entity that processes and reports information to an employer
or credit grantor. - CORRECT ANSWERS✅✅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. - CORRECT ANSWERS✅✅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. - CORRECT
ANSWERS✅✅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 - CORRECT ANSWERS✅✅True
If consumers want to dispute the accuracy of information contained in their consumer report:
A. They can make the dispute with the CRA.
B. They must make the dispute with the end user and cannot make the dispute with the CRA.
- CORRECT ANSWERS✅✅A. They can make the dispute with the CRA.
True/False: Some courts have held that employers must comply with the FCRA and have a
permissible purpose when they obtain background checks on independent contractors -
CORRECT ANSWERS✅✅True
True/False: If a private investigator obtains information about a job applicant solely by
conducting telephone interviews with the applicant's friends, the resulting report is an
investigative consumer report. - CORRECT ANSWERS✅✅True
In which of the following circumstances may a CRA report negative credit information that is
more than 7 years old?
, A. Where a job applicant is expected to make more than $50,000 per year.
B. Where a consumer is applying for a $100,000 loan to by a Porsche.
C. Where a consumer is applying for a life insurance policy in the amount of $500,000.
D. All of the above. - CORRECT ANSWERS✅✅C. Where a consumer is applying for a life
insurance policy in the amount of $500,000.
True/False: Under the FCRA, consumer reports cannot include arrest data that is older than
seven (7) years. - CORRECT ANSWERS✅✅True
Even though the FCRA is a federal statute, individuals can file FCRA lawsuits in state courts
A. True, but only if they also assert a state law claim, like defamation.
B. True.
C. True, but only if a job applicant was applying for a job with a state government.
D. False. - CORRECT ANSWERS✅✅B. True
True/False: A CRA is not required to comply with the FCRA if it only reports publicly-
available information, such as judgments and tax liens. - CORRECT ANSWERS✅✅False
In the employment context, consumers have a right to all of the following except:
A. Authorization.
B. The price of the consumer report.
C. Adverse action protections.
D. Reasonable procedures/an accurate report.
E. Disclosures. - CORRECT ANSWERS✅✅B. The price of the consumer report
Which of the following is NOT considered a CRA under the FCRA?
A. A skip tracer.
B. A credit bureau.
(Version 1) ACTUAL UPDATED
QUESTIONS AND CORRECT ANSWERS
True/False: Resellers maintain their own database of information, which they combine with
information from other CRA's - CORRECT ANSWERS✅✅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. -
CORRECT ANSWERS✅✅D. All of Above
True/False: Consumers must provide consent to the preparation of an investigative consumer
report. - CORRECT ANSWERS✅✅True
True/False: An "end user" is an entity that processes and reports information to an employer
or credit grantor. - CORRECT ANSWERS✅✅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. - CORRECT ANSWERS✅✅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. - CORRECT
ANSWERS✅✅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 - CORRECT ANSWERS✅✅True
If consumers want to dispute the accuracy of information contained in their consumer report:
A. They can make the dispute with the CRA.
B. They must make the dispute with the end user and cannot make the dispute with the CRA.
- CORRECT ANSWERS✅✅A. They can make the dispute with the CRA.
True/False: Some courts have held that employers must comply with the FCRA and have a
permissible purpose when they obtain background checks on independent contractors -
CORRECT ANSWERS✅✅True
True/False: If a private investigator obtains information about a job applicant solely by
conducting telephone interviews with the applicant's friends, the resulting report is an
investigative consumer report. - CORRECT ANSWERS✅✅True
In which of the following circumstances may a CRA report negative credit information that is
more than 7 years old?
, A. Where a job applicant is expected to make more than $50,000 per year.
B. Where a consumer is applying for a $100,000 loan to by a Porsche.
C. Where a consumer is applying for a life insurance policy in the amount of $500,000.
D. All of the above. - CORRECT ANSWERS✅✅C. Where a consumer is applying for a life
insurance policy in the amount of $500,000.
True/False: Under the FCRA, consumer reports cannot include arrest data that is older than
seven (7) years. - CORRECT ANSWERS✅✅True
Even though the FCRA is a federal statute, individuals can file FCRA lawsuits in state courts
A. True, but only if they also assert a state law claim, like defamation.
B. True.
C. True, but only if a job applicant was applying for a job with a state government.
D. False. - CORRECT ANSWERS✅✅B. True
True/False: A CRA is not required to comply with the FCRA if it only reports publicly-
available information, such as judgments and tax liens. - CORRECT ANSWERS✅✅False
In the employment context, consumers have a right to all of the following except:
A. Authorization.
B. The price of the consumer report.
C. Adverse action protections.
D. Reasonable procedures/an accurate report.
E. Disclosures. - CORRECT ANSWERS✅✅B. The price of the consumer report
Which of the following is NOT considered a CRA under the FCRA?
A. A skip tracer.
B. A credit bureau.
