Which of the Following $\underline{\text{cannot}}$ Be Disclosed on a Credit Report Being Issued on a Report

question 155

Multiple Choice

Which of the following $\underline{\text{cannot}}$ be disclosed on a credit report being issued on a job applicant for a $37,000/year job in 2017?

• A)a bankruptcy in 2012
• B)a judgment paid in 2003
• C)a criminal conviction for running a meth lab in 2009
• D)All of the above can be disclosed.

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Definitions:

Fictitious-Payee Rule

A principle in commercial law that a bank is not liable for fraudulent endorsement payments if the drawer intended the payee to be fictitious.

Refund

The process of returning funds to a purchaser in response to a product return, cancellation, or dissatisfaction with services provided.

Endorser

A person who signs their name on a document, often a check, to indicate their approval or to transfer ownership to another party.

Drawer

In a financial context, the person who writes or issues a check or draft instructing a bank to pay a specified sum of money to a designated party.