True or False: The FACT Act requires notices with each written solicitation using pre-screened consumer reports.

• A. True
• B. False
• C. Cannot be determined
• D. Only for certain categories

Answer: (B)

The main idea here is what the FACT Act actually requires regarding notices tied to prescreened offers. The FACT Act strengthens privacy and identity-theft protections and adds certain disclosures (like risk-based pricing notices in specific cases) but it does not impose a blanket requirement to attach notices to every written solicitation that uses pre-screened consumer reports. Notices about prescreened offers are part of the Fair Credit Reporting Act’s framework, which requires that such offers include a clear notice that the offer is based on information in the consumer’s report and that the consumer has the right to opt out of prescreened offers. However, this obligation is not a universal “notice with every written solicitation” mandate specific to FACTA. So the statement is false.