Which Is NOT True About the Fair Credit Reporting Act

question 141

Multiple Choice

Which is NOT true about the Fair Credit Reporting Act?

• A) It regulates the use of credit reports.
• B) It requires deletion of out-of-date information.
• C) It places limits on who can obtain your credit report.
• D) It places limits on who can obtain a report.
• E) It gives borrowers the right to know why they are denied credit.

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Definitions:

Wavelengths

The distance between two successive peaks or troughs in a wave, typically used in the context of electromagnetic waves such as light.

Light

Electromagnetic radiation that is visible to the human eye and is responsible for the sense of sight.

Retina

The light-sensitive layer at the back of the eye that captures images and sends them to the brain via the optic nerve.

Consciously Aware

Being fully aware of one's thoughts, feelings, and surroundings in the present moment.