Be sure to JOIN US for our webinar, “FCRA / FACT Act”.
We get asked all the time, “Can we reuse a credit report?” Well, as we like to joke, you can do anything you want; you just might end up in jail. It’s a fairly common practice for a bank’s loan policy to allow for the reuse of a credit report when certain conditions are met. For example, if it’s less than three months or six months old, etc. But, just because you’ve always done it, doesn’t mean there’s no risk. We don’t believe banks should reuse credit reports for a number of different reasons; the Fair Credit Reporting Act is one of them.
Jerod explains more in the video.
Published
2022/09/19
