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question regarding the FCRA and reporting incomplete information


secondchances
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apparently, I am not understanding this correctly. Section 623(a)(5) states that the DOFD should be reported within 90 days of the account being reported to the CRA. I can't determine if the DOLA has to be reported but I think that we can pretty much conclude that if it is reported, it must be accurate.

My question now is what responsibility do the CRAs have in this? If a data furnisher does not supply the information and the CRA knows that they have to, can they be held liable for non compliance?

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