The Federal Credit Reporting Acts Primary Provisions Are To

question 12

Multiple Choice

The Federal Credit Reporting Acts primary provisions are to:

• A) make available to the mortgagor procedures for disputing accurate information on their credit report.
• B) create a rule that all credit report users provide a copy of the credit reports to the borrower.
• C) provide satisfactory procedures to ensure the confidentiality and accuracy of consumer credit information.
• D) allow practical procedures to deny credit to credit-worthy borrowers.

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Definitions:

Principal Types

Principal types refer to the main classifications or categories within a group, often used in categorizing methods, materials, or designs based on key characteristics.

Inclined Surface

A surface that is tilted or sloped relative to a reference plane, not perpendicular or parallel to the base plane.

Without Distortion

Refers to the condition of a material or component after undergoing a process (such as machining, welding, or forming) where it retains its original shape and dimensions.