The Federal Trade Commission (FTC) recently released information on what landlords and their tenant background screening companies need to know to ensure compliance with the Fair Credit Reporting Act (FCRA).
Tenant background checks can include a variety of information, including rental and eviction history, credit, or criminal records. These reports are also known as consumer reports. It is important to know the steps that must be taken before obtaining a consumer report and after adverse action is taken based on that report in order to be FCRA compliant.
Some of the tips provided are:
Interested in learning more? Below are the links from the FTC to review for detailed information.
What Tenant Background Screening Companies Need to Know About the Fair Credit Reporting Act
Using Consumer Reports: What Landlords Need to Know
To learn more about how CARCO ensures complete compliance with the FCRA, click here or call 1-866-557-5984 to speak with a CARCO Specialist.
Supported By WordPress Database Support Services