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Illinois Real Estate Exam

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:

Credit Reporting Act
Fair Credit Reporting Act
Consumer Protection Act
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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Illinois Real Estate Exam

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Illinois Real Estate Exam

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