Volume 4, Edition 7, July 2008


Correct Answer!

B. While consumer reports should only remain "active" for no more than 30 days, reports should be kept for archival purposes for at least 5 years. The FCRA allows someone to file suit for the lesser of 2 years from the date that the person becomes aware of a violation or 5 years. To ensure a CRA has the report to defend itself in any litigation, we recommend keeping this information for at least 5 years from the date the report is run.


Disclaimer Statement: All information presented is for information purposes only and is not intended to provide professional or legal advise regarding actions to take in any situation. Advertisements are presented for information and marketing purposes only and the National Institute for Prevention of Workplace Violence, Inc. makes no representations for any products or services that are promoted and accepts no responsibility for any actions or consequences that occur as a result of any purchases from advertisers.