Loan Officer Practice Exam 2025 – Comprehensive All-in-One Guide for Exam Success!

Question: 1 / 415

Within how many months must a consumer reporting agency disclose recipients of a consumer's credit report other than for employment?

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A consumer reporting agency is required to disclose the recipients of a consumer’s credit report, other than for employment, within six months of the request. This regulation serves to enhance transparency and accountability in credit reporting practices, allowing consumers to understand who has accessed their credit information and for what reasons. It is part of the Fair Credit Reporting Act (FCRA), which aims to ensure fair and accurate credit reporting. Timely disclosure helps consumers take necessary actions in case of unauthorized access or identity theft, thereby protecting their personal financial information.

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