Question 3012 of 287 · Texas Life, Accident and Health Agent Exam
The Fair Credit Reporting Act (FCRA) requires an insurer that takes adverse action based on a consumer report to
Exactly one answer is correct.
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Correct answer to question 3012
- A: notify the applicant and identify the reporting agency
Explanation
The notice allows the consumer to obtain a free copy of the report and dispute inaccurate information. FCRA also requires the applicant to be told that a report may be requested.
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