Practice Quiz

Real Estate Agent / Broker / Salesperson Exam Prep

Category - Real Estate

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A consumer protection law that regulates the disclosure of consumer credit reports by consumer/credit reporting agencies and establishes procedures for correcting mistakes on one’s credit record is called the:
  1. Credit Reporting Act
  2. Fair Credit Reporting Act
  3. Consumer Protection Act
  4. Truth-in-Lending Act
Explanation
Answer: B. The Fair Credit Reporting Act is a consumer protection law that regulates the disclosure of consumer credit reports by consumer/credit reporting agencies and establishes procedures for correcting mistakes on one’s credit record.
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