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Real Estate Glossary
Welcome to our online Real Estate glossary. To search for a term,
use the search box below. To browse our terms, click on a letter
of the alphabet and browse away!
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Fair Credit Reporting Act.:
A federal law passed in 1971 that regulates the activity of credit bureaus. It is designed to prevent inaccurate or obsolete information from staying in a consumer's credit file and requires credit bureaus to have reasonable procedures for gathering, maintaining and disseminating credit information. The act also requires credit bureaus to show a consumer their credit file if the consumer presents proper identification, although the bureau reserves the right to charge a fee for doing so.
As defined by Inman
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The definition for Fair Credit Reporting Act. and
this glossary as a whole are presented to you as a courtesy of ForeclosuresRI.
For other terms, explinations, definitions and descriptions, please
visit our Glossary page.
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