Fair Credit Reporting Act (Relevant Portions)
. . . or at least the sections that apply to property managers pulling someone credit and other personal information. This act lays out the requirements for anyone pulling credit (and other private information) you’ll need to figure out whether or not you want to rent to them. This Is The Law everyone must follow when viewing, transmitting and storing applicants personal information including owners and property managers. Fines for violations of this act are $37,500 per event so the FTC is serious about compliance and claims of “I didn’t know” won’t save you.
Categories: Member Freebies, Qualifying Guidelines