Which statement best describes the consumer's right to obtain a copy of their credit report under the FACT Act?

• A. You must pay a fee to obtain a copy from the lender
• B. You have no right to access your report
• C. You have the right to obtain a free copy of your credit report from the reporting agency
• D. You can only view your report if you are under investigation

Answer: (C)

Under the FACT Act, you have the right to obtain a copy of your credit report from the nationwide credit reporting agencies, typically free once every 12 months from each agency. This right is designed to help you monitor your credit for accuracy and to spot identity theft. You request the report from the agency (not the lender), and it’s provided at no charge as part of the annual free report program. You can request it online, by phone, or by mail. The other statements don’t fit because you do have access, you don’t have to pay to obtain it from the agency, and you don’t need to be under investigation to view your report.