Overview

Are you responsible for ensuring your company's compliance with consumer protection and fair credit laws? Look no further than AllRegs latest policy release, the Fair Credit Policy Manual. This policy reviews the requirements under Regulation V, the Fair Credit Reporting Act. The Fair and Accurate Transactions Act (FACTA) amendments to FCRA as well as those addressed in Title X Section 1088 of Dodd-Frank have been fully integrated into the policy. This manual is designed to aid mortgage brokers, lenders, and servicers in the implementation of fair credit policies relating to confidentiality, accuracy, and utilization of consumer reports; the furnishing of information to consumer reporting agencies; requirements for model disclosure to consumers, and affiliate marketing.

Mortgage bankers/brokers/lenders and servicers have certain duties as users of consumer credit reports and as furnishers of credit information to consumer reporting agencies. AllRegs integrated Fair Credit Policy Manual outlines the responsibilities with which mortgage industry participants must comply.

Publishing Services

Publish your manual, including your company procedures, in AllRegs Online as an upgrade to your complete policy manual solution. Ask us how!

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Benefits

AllRegs Fair Credit Policy Manual offers the following benefits:

  • Recognizes federal regulations surrounding consumer protection laws and highlights the risks associated with noncompliance
  • Reviews permissible purposes in obtaining a consumer report
  • Identifies lender/servicer responsibilities for:
    • Furnishing information to consumer reporting agencies (CRAs)
    • Managing disputed credit information, address discrepancies, risk based pricing notices, and other disclosures
    • Addressing fraud alerts and active duty alerts
  • Provides oversight for managing red flags and an Identity Theft Program

Even better, this plan includes:

  • Complete Fair Credit Policy Manual, saving you development time and resources
  • This manual is delivered via email within one business day after purchase
  • Formatted in an Adobe  document
  • Meet your regulatory or internal compliance requirements
  • Affordable one-time purchase fees

Policy Manual

Fair Credit Policy Manual From AllRegs

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