Which Federal Law Regulates the Use of Credit Reports,requires the Deletion

question 67

Multiple Choice

Which federal law regulates the use of credit reports,requires the deletion of obsolete information,and gives consumers access to their file?

• A)Truth in Lending Act of 1969
• B)Fair Credit Billing Act of 1975
• C)Equal Credit Opportunity Act of 1975
• D)Fair Credit Reporting Act of 1971
• E)Fair Debit Collection Practices Act of 1978

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Definitions:

Privacy Act Of 1974

A U.S. law established to regulate the collection, use, and dissemination of personal information by federal agencies.

Nonexempt Record

A document or piece of information that is not protected from disclosure under law, thus is available for public access.

Amend

To make official changes to a document, law, or constitutional text.

Administrative Agency

A government body created to oversee and regulate specific aspects of the economy, implement policy, and enforce laws within its jurisdiction.