Fair and Accurate Credit Transactions Act (FACTA) Resource Center


The Fair and Accurate Credit Transactions Act of 2003, which amends the Fair Credit Reporting Act (FCRA), has many implications for the real estate finance industry. The information below helps you to understand recent changes in legislation and provides valuable resources to help you comply with the law.

MBA Comment Letters and Industry Information
Federal Legislation and Proposed and Final Regulations for Real Estate Finance
  • Federal Trade Commission Request for Public Comment on Data, Studies, or Other Evidence Related to the Effects of Credit Scores and Credit-Based Insurance Scores on the Availability and Affordability of Financial Products. April 25, 2005.

  • Federal Reserve Report to the Congress on Further Restrictions on Unsolicited Written Offers of Credit and Insurance. December 2004

  • Letter from OTC, OTS, FDIC, the Fed and NCUA to the American Bankers Association on FACT Act Compliance Dates. November 24, 2004

  • Federal Trade Commission Proposed Rule Related Identity Theft Definitions, Duration of Active Duty Alerts, and Appropriate Proof of Identity Under the Fair Credit Reporting Act, RIN 3084–AA94. November 3, 2004

  • Federal Trade Commission Proposed Rule on Pre-Screen Opt Out Disclosure. October 1, 2004.

  • Federal Reserve Proposed Rule on Fair Credit Reporting Affiliate Marketing Regulations (Regulation V; Docket No. R-1203). July 30, 2004

  • Federal Trade Commission Request for Public Comment to Aid Staff in Preparing the FACT Act Section 318(a)(2)(C) Study. July 16, 2004

  • Federal Reserve Revisions to Regulation V, Which Add Model Notices That Financial Institutions May Use to Comply With the Notice Requirement Relating to Furnishing Negative Information Contained In Section 217 of the FACT Act. June 15, 2004

  • Federal Trade Commission Request for Public Comment To Aid Staff in Preparing the FACT Act Section 318(a)(2)(C) Study. June 15, 2004

  • FTC Proposed Rule on Affiliate Marketing. June 15, 2004

  • Proposed Rule by OCC, OTS, the Fed, and FDIC on Proper Disposal of Consumer Information under the Fair and Accurate Credit Transactions Act of 2003. April 27, 2004


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