Credit Services Disclosures
State-Specific Disclosure Notices
The Car Buyers' Bill of Rights requires all Minnesota and California dealers to deliver a state-specific disclosure notice to residents in those states whenever a credit report is ordered. As of July 1, 2006, California auto and RV dealers are required to deliver a Credit Score Disclosure notice to California residents whenever a credit report is ordered. And as of January 1, 2008, Minnesota dealers are required to deliver a Consumer Report Disclosure notice to Minnesota residents whenever a credit report is ordered.
Product Highlights
- Required for California and Minnesota dealers
- Automatically provided with every credit report – FREE!
- Signatures and datelines for your business records
- FCRA-certified, industry-trained service and support specialists
As part of First Advantage CREDCO’s ongoing commitment to ensuring compliance with State and Federal Law, these notices will automatically be provided with each credit report requested from First Advantage CREDCO – free of charge!
Enhancements
While Minnesota provides only the Credit Report Disclosure notice, California includes the consumer’s credit score and bureau source. Both have been enhanced to include one signature and date line for individual credit reports, and two signature and date lines for joint credit reports.
"It’s part of our ongoing commitment to help dealers remain compliant so they can focus on sales, while protecting their customer’s right to stay informed on credit inquiries."
Patrick Colbert
SVP Sales & Operations
First Advantage CREDCO