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FCRA Permissible Purpose

Updated on Mar 12, 2024

Published on Oct 21, 2020

Author
Michael Lucarelli
Michael Lucarelli
RentSpree CEO
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Summary

One of the provisions of the Fair Credit Reporting Act is that reports may only be provided for an FCRA permissible purpose. Among these investigatory and transactional purposes is tenant screening, so rental agents, landlords and property managers are permitted to ask for a credit report and use it as part of the criteria for making a decision about a renter’s financial ability to meet the terms of the lease agreement.

Screen and lease with confidence

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