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The Principal Purpose of the Fair Credit Reporting Act (FCRA)

question 49

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The principal purpose of the Fair Credit Reporting Act (FCRA) is to ensure that information concerning a person's credit background supplied to her creditors is both up-to-date and accurate.


Definitions:

Action Required

A task or response that must be undertaken to address a specific situation or to achieve an outcome.

Patient Relocation

The process of transferring a patient from one location to another for medical care or treatment.

Collection Agency

A business that pursues payments on debts owed by individuals or businesses.

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