Public Law 91-508 requires that an insurer tell an applicant if a consumer report may be requested. The applicant must also be told the scope of the possible investigation. Should the application be declined because of information contained in that report, the applicant must be given the name and address of the reporting agency. The insurer may not reveal the contents of the report. Only the agency that compiled the report may release its contents.
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A law requiring that applicants for a credit service be forewarned any time a credit report is requested. The applicant must also be given the name and address of the agency reporting any negative information.