The FCRA states that a person, including a financial institution, has to specify an address for receipt of notices from consumers concerning inaccurate information.

• A. True
• B. False
• C. Not specified
• D. It depends

Answer: (B)

The important idea here is how disputes and notices work under the FCRA. When a consumer disputes information, the law focuses on triggering a reasonable investigation by the entity reporting the information and on providing the results of that investigation to the consumer and to the credit reporting system—not on requiring a specific address to receive notices. The furnisher must investigate disputed items and, after the investigation, notify the consumer in writing of the results, including whether the information was updated or removed. There is no statutory requirement that a person must specify a particular address for receiving notices about inaccuracies; disputes can be sent through the typical contact channels provided by the furnisher or the credit bureau, and the agency will relay information as needed. So, the statement is not accurate.