Tuesday, June 28, 2011

FCRA Compliance Reminder

I wanted to remind all RSI clients that you have a responsibility to comply with the Fair Credit Reporting Act (FCRA). When requesting a background check you are required to have a permissible purpose. For the rental industry, that means that you can only obtain a consumer credit report in connection with screening a prospective applicant. Other permissible purposes exist and can be found in Section 604 of the FCRA.