Fair Credit Reporting Act Policy Update

Product Update Notification

Fair Credit Reporting Act Policy Update - 12/01/05

Bankpolicies.com is proud to announce the immediate availability of our revised Fair Credit Reporting Act Policy Template product.

The minor revision to this product is in response to the Joint Press Release "Agencies Finalize FACT Act Rules on Medical Information" released on 11/17/05. This guidance issued final rules under the Fair Credit Reporting Act (FCRA) that create exceptions to the statutory prohibition against obtaining or using medical information in connection with credit eligibility determinations. The final rules, which are substantially identical to the interim final rules issued by the agencies in June 2005, also address the sharing of medically related information among affiliates. The effective date for these final rules is April 1, 2006.

http://www.federalreserve.gov/boarddocs/press/bcreg/2005/20051117/default.htm

What's Revised

Topic 4 - Definitions. Definitions for the terms "Act", "Affiliate", "Company" and "Company Ownership" were added.

Topic 16 - Medical Information Procedures. Two new subtopics "Limits on Redisclosure of Information" and "Sharing Medical Information with Affiliates" were added.

Ordering Information

This revised product is available to purchase from Bankpolicies.com for:

$200.00 - List Price

- or -

$25.00* - Update Price

*Applies only to clients who have purchased our Fair Credit Reporting Act Policy Template, including the purchase of the following prior update (if applicable):

Fair Credit Reporting Act Policy Template Update - 09/06/05

Fair Credit Reporting Act Policy Template Update - 07/19/05

If you have ordered this product within the past 30 days since 12/01/05 you are eligible to receive the Product Update at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the upgrade or list price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.

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