FCRA BASIC CERTIFICATION 2025/26 EXAM
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1 of 38
Term
5 Basic Duties of CRAs
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Any written, oral, or other communication of any info by a CRA bearing on a
consumer's credit worthiness, standing, capacity, character, general reputation,
personal characteristics, or mode of living used or expected to be used or
collected for establishing consumer's eligibility:
, Any action that is _ to the interests of a consumer:
Denial, cancellation, or unfavorable change in insurance
Denial of employment
Denial of rental application
Denial of credit or offer of credit on less favorable terms
Reports made on "personal knowledge"
Reports made among persons/entities under "common control" (subsidiary and
parent corporations)
Reports made for purposes other than credit, insurance, or employment (skip
tracing, law enforcement, dating)
Lab reports from a lab directly to an employer.
1. Maintain "reasonable procedure" to assure "maximum possible accuracy"
2.Provide consumer reports to only those with a "permissible purpose"
3.Conduct "reinvestigation" in event of dispute
4. Make "disclosures" to consumers
5. Properly dispose of consumer info.
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2 of 38
Definition
Any written, oral, or other communication of any info by a CRA
bearing on a consumer's credit worthiness, standing, capacity,
character, general reputation, personal characteristics, or mode of
living used or expected to be used or collected for establishing
consumer's eligibility:
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Consumer Report Insurability Report
, Investigative Report Agent's Report
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Term
NOT CRAs
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Persons/entities who intend to make
use of the information contained Persons/entities that Supply
in a consumer report. information To CRAs
CRAs End Users Furnishers Isolated transactions
Resellers Consumers Conduit functions
Public entities
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4 of 38
Term
Federal District Courts
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SOLVED 100% CORRECT.
1 of 38
Term
5 Basic Duties of CRAs
Give this one a try later!
Any written, oral, or other communication of any info by a CRA bearing on a
consumer's credit worthiness, standing, capacity, character, general reputation,
personal characteristics, or mode of living used or expected to be used or
collected for establishing consumer's eligibility:
, Any action that is _ to the interests of a consumer:
Denial, cancellation, or unfavorable change in insurance
Denial of employment
Denial of rental application
Denial of credit or offer of credit on less favorable terms
Reports made on "personal knowledge"
Reports made among persons/entities under "common control" (subsidiary and
parent corporations)
Reports made for purposes other than credit, insurance, or employment (skip
tracing, law enforcement, dating)
Lab reports from a lab directly to an employer.
1. Maintain "reasonable procedure" to assure "maximum possible accuracy"
2.Provide consumer reports to only those with a "permissible purpose"
3.Conduct "reinvestigation" in event of dispute
4. Make "disclosures" to consumers
5. Properly dispose of consumer info.
Don't know?
2 of 38
Definition
Any written, oral, or other communication of any info by a CRA
bearing on a consumer's credit worthiness, standing, capacity,
character, general reputation, personal characteristics, or mode of
living used or expected to be used or collected for establishing
consumer's eligibility:
Give this one a try later!
Consumer Report Insurability Report
, Investigative Report Agent's Report
Don't know?
3 of 38
Term
NOT CRAs
Give this one a try later!
Persons/entities who intend to make
use of the information contained Persons/entities that Supply
in a consumer report. information To CRAs
CRAs End Users Furnishers Isolated transactions
Resellers Consumers Conduit functions
Public entities
Don't know?
4 of 38
Term
Federal District Courts
Give this one a try later!
